The Consumer Financial Protection Bureau proposed today “a rule to curb excessive credit card late fees that cost American families about $12 billion each year. Major credit card issuers continue to profit off late fees that are protected by an expansive immunity provision. Credit card companies have also relied on this provision to hike fees […]
Author Archives: Allison Zieve
The Fourth Circuit this week ruled in favor of Virginia residents in a RICO action challenging illegally high interest rates. The court explained: “The Lac Vieux Desert Band of Chippewa Indians purportedly created businesses under tribal law to make small-dollar, high-interest-rate loans to consumers via the internet. The Borrowers allege that the Tribe did so […]
At the Regulatory Review, Trevor Kirby discusses the Consumer Financial Protection Bureau’s proposal to create a public registry of agency and court orders against these nonbank financial companies. The post is here.
The Consumer Financial Protection Bureau issued a request for information seeking public feedback on how the consumer credit market is functioning as part of a biennial review of the industry. The CFPB is seeking more and current information on various aspects of the consumer experience with credit cards. Congress enacted the Credit Card Accountability Responsibility […]
The Justice Department and eight states sued Google today, alleging that the company has a monopoly over the online advertising market that violates the antitrust laws. The lawsuit, filed in the Eastern District of Virginia, aims to have Google’s dominance in the online ad marketplace broken up by having a court compel the company to […]
Gothamist reports: Restaurants and food delivery services will be barred from providing plastic knives, forks and condiment packets unless customers specifically request them, if a bill passed by the New York City Council Thursday goes into effect. The bill aims to curb single-use plastic waste that can’t be recycled. Approximately 1.1 million pounds of single-use […]
The Federal Trade Commission has been busy the past few days: FTC Finalizes Order Requiring Credit Karma to Pay $3 Million and Halt Deceptive ‘Pre-Approved’ Claims (Jan. 23, 2023) FTC Order Requires HomeAdvisor to Pay Up To $7.2 Million and Stop Deceptively Marketing its Leads for Home Improvement Projects (Jan. 23, 2023) FTC Order Requires […]
From Bloomberg: When a commissioner from the US Consumer Product Safety Commission said earlier this month it would consider a ban on gas stoves to beat back greenhouse emissions and health hazards, the backlash was swift. Enraged Americans and conservative politicians were adamant about keeping their beloved appliance, and the agency renounced the possibility of a […]
Writing for the Maine Monitor, Marina Schauffler observes: Going back in time can reveal how far we still have to progress. In researching per- and polyfluoroalkyl substances (PFAS) for a recent article series, I found myself ricocheting between the present and the 1950s and 1960s. That was when the vast class of fluorinated compounds commonly […]
A few interesting updates concerning student-loan forgiveness or discharge care of Politico this morning: An Education Department judge plans to hold a hearing next week on DeVry University’s appeal of a $23 million penalty stemming from fraud-related loan discharges for its former students. Two for-profit education companies and a non-profit college are appealing a settlement, […]