Budnitz
Experts

Mark Budnitz

Senior Fellow

Research Areas

Consumer Protection, Financial Services, Payment Systems

Bio & Experience

From 1988 until 2015, Mark E. Budnitz, now professor of law emeritus, taught consumer protection and banking courses as the Bobby Lee Cook Professor of Law at Georgia State University.  From 1984 to 1988, he headed the Bankruptcy Reorganization branch of the Securities and Exchange Commission’s southeastern office.  From 1979 to 1988, he held professorial appointments at Emory University School of Law.  Prior to that, he was an attorney in legal services programs for the poor, including serving as the executive director of the National Consumer Law Center.

Budnitz specializes in consumer protection, with much of his research focused on electronic payment systems.  He has published over 40 articles on this and other topics.  In addition, he has written books on credit reporting and bankruptcy.  For many years he wrote yearly updates for two other books, Consumer Banking and Payments Law and the Law of Lender Liability.  Budnitz has written amicus briefs to the U.S. Supreme Court and other courts, testified before congressional committees, drafted legislation and model statutes, and litigated many cases on behalf of low-income consumers.

Budnitz is on the board of directors of the National Consumer Law Center and the Advisory Committee of the Atlanta Legal Aid Society.  He was a member of the Federal Reserve Board’s Consumer Advisory Council.  He graduated from Dartmouth College and Harvard Law School.

 

Selected Products

Journal Article
“New Developments in Payment Systems and Services Affecting Low-Income Consumers: Challenges and Opportunities,” Georgetown Journal on Poverty Law and Policy (2023)

Article
“Technology and Consumer Protection: Unintended Consequences,” Los Angeles Lawyer (2023)

Article
“A Rose is a Rose: Electronic Commerce Spawns Word Confusion,” Georgia State University Law Review Blog (2021)

Article
“Principles and Programs to Protect Consumers from the Deleterious Effects of Technological Innovation,” in D. Wei et al., Innovation and the Transformation of Consumer Law (2020)

Journal Article
“The Restatement of the Law of Consumer Contracts: The American Law Institute’s Impossible Dream,” Loyola Consumer Law Review (2020)

Journal Article
“Touching, Tapping, and Talking: The Formation of Contracts in Cyberspace,” Nova Law Review (2019)

Article
“Payment Protection Advocacy,” in S. Brobeck (ed.), Watchdogs and Whistleblowers: A Reference Guide to Consumer Advocacy (2015)

Journal Article
“Mobile Banking: Gaps in the Law Impede Risk Assessment,” Banking & Financial Services Policy Report (2013)

Journal Article
“Buyer Beware: Georgia Consumers Can’t Rely on the Fair Business Practices Act,” John Marshall Law Review (2013)

Journal Article
“Consumer Privacy in Electronic Commerce: As the Millenium Approached, Minnesota Attacked, Regulators Refrained, and Congress Compromised,” Notre Dame Journal of Law, Ethics & Public Policy (2012)

Journal Article
“Mobile Financial Services: The Need for a Comprehensive Consumer Protection Law,” Banking and Finance Law Review (2012)

Journal Article
“Technology as the Driver of Payment System Rules: Will Consumers be Provided Seatbelts and Air Bags?” Chicago-Kent Law Review (2008)

Journal Article
“Developments in Payments Law 2008,” Journal of Texas Consumer Law (2008)

Journal Article
“Developments in Payment System Law 2005-2006,” Journal of Consumer & Commercial Law ((2007)

Journal Article
“Home Banking Agreements: Don’t Bank on Them,” Business Lawyer (2006)

Book
With M. Saunders, Consumer Banking and Payments Law: Credit, Debit& Stored Value Cards, Checks, Money Orders, E-Sign, Electronic Banking and Benefit Payments, National Consumer Law Center (2005).

Testimony
Before the National Commission on Electronic Fund Transfers (1976).

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