Monday, June 27, 2016

The burden is undue.

Pretty straightforward.

In the other pending Supreme Court decisions remaining for the last term we'll ever have to be #WaitingForLyle, Virginia Gov. Bob McDonnell will not go to jail, payday lenders will be subject to interest rate caps ...

Rejecting calls from across the financial-services industry, the U.S. Supreme Court let stand a ruling that gives borrowers more power to enforce state limits on interest rates.
The justices turned away a company’s effort to avoid a class-action lawsuit over its efforts to collect credit-card debt from New York consumers.
The rebuff leaves intact a federal appeals court ruling that lenders say is already having far-reaching effects by undercutting the burgeoning internet lending business and raising questions about debt-backed securities that contain high-interest loans.
The practical effects "are difficult to overstate," the debt collector, Encore Capital Group Inc.’s Midland unit, argued in the appeal.
The 2nd U.S. Circuit Court of Appeals in New York said borrowers in some circumstances can invoke their state’s usury laws, as the interest-rate caps are known, even if the loan originates elsewhere.

... and domestic abusers will lose their guns.

The U.S. Supreme Court backed the broad application of a federal law barring firearm possession by people convicted of misdemeanor domestic violence, ruling it could be used against two men convicted under a Maine law.
The justices voted 6-2 in the case, which drew attention in February when Justice Clarence Thomas asked questions during arguments for the first time in a decade. Thomas dissented from the ruling.

A great day for justice overall.

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