Consumer Protection Act Reform: H.B. 1742 (2017)
Amends the Arkansas Deceptive Trade Practices Act and provides that
Amends the Arkansas Deceptive Trade Practices Act and provides that a person must prove that a deceptive act or practice caused him to enter into a transaction that resulted in a loss in order be awarded damages. Further, the bill defines “actual financial loss” as an ascertainable amount of money that is equal to the difference between the amount paid by a person for goods or services and the actual market value of the good or services provided. Finally, the legislation prohibits class actions from being brought under the DTPA except for violations of the Amendment 89 to the Arkansas Constitution which pertains to the maximum interest rate lenders may charge.
ATRA President Tiger Joyce writes how companies that end arbitration face the risk of consumer class actions, in the face of plaintiffs firms ramping up mass arbitration proceedings.
We are saddened to hear of former Missouri state Senator Ed Emery’s untimely death. Senator Emery was not only a champion of tort reform, but a pillar in his community. […]
The New York trial bar may get yet another gift from the state lawmakers seemingly tied around their finger.
Lawsuit abuse across the U.S. results in more than $160 billion in excessive tort costs
Financial benefit of reforming Missouri’s tort system could support an additional 20k+ jobs & $3.38B in increased economic activity
$7 million spent in Quarter 1 of 2021 to air nearly 61,000 local legal services TV ads in Illinois