Today, in a letter to Ford Motor Company CEO Jim Hackett, the Center for Auto Safety renewed its request for Ford to conduct a full recall of 1.3 million Model Year 2011-2017 Explorers because of suspected Carbon Monoxide leaks. This follows the Center’s call for action in October 2017, after Ford failed to take seriously […]
Author Archives: Allison Zieve
Last year, the Consumer Financial Protection Bureau filed suit against a group of payday lenders, alleging that they had deceived consumers and failed to disclose the true cost of the loans, which carried interest rates as high as 950 percent a year. Today, the CFPB asked the court to dismiss the lawsuit. The agency offered […]
Politico reports: Every quarter, the Consumer Financial Protection Bureau formally requests its operating funds from the Federal Reserve. Last quarter, former director Richard Cordray asked for $217.1 million. Cordray, an appointee of President Barack Obama, needed just $86.6 million the quarter before that. And yesterday, President Donald Trump’s acting CFPB director, Mick Mulvaney, sent his […]
Equifax was the subject of more complaints to the Consumer Financial Protection Bureau than any other financial services company in all but one state in 2017, according to an analysis of agency data published Thursday. In every state but North Dakota, more residents complained to the CFPB about the credit reporting company than any other firm. […]
Senator Elizabeth Warren on Friday sent a letter addressed to Mick Mulvaney, as Director of the Office of Management and Budget, and Leandra English, as Acting Director of the Consumer Financial Protection Bureau, expressing concern about Mulvaney's decision to freeze the collection of consumer data by the CFPB. On December 4th, citing concerns by the […]
The Hill reports that Nebraska is the first Republican-controlled state to launch its own attempt to save net neutrality rules. On Friday, state Sen. Adam Morfeld (D) introduced legislation in the state legislature to enshrine net neutrality regulations in law on the state level. Morfeld’s bill would keep broadband providers like AT&T and Comcast from […]
The Hill has this short article about states efforts to adopt net neutrality rules in light of the FCC's decision to drop its rule.
From the LA Times: If … you think government has a role to play in ensuring fair play by companies that have shown themselves to be guided almost exclusively by self-interest and a disregard for consumers and public welfare, this year has been nothing short of horrendous. And 2018 doesn't look much better. The Trump […]
I should have posted this story yesterday: The Department of Education on Wednesday announced new rules for providing aid to students claiming they were defrauded by their colleges that limits some student loan refunds according to income. Education Secretary Betsy DeVos said the new system "protects taxpayers from being forced to shoulder massive costs that […]
The Supreme Court of California today issued a decision on an important question for many consumers. In T.H. v. Novartis Pharmaceuticals Corp., the question before the court was whether brand-name drug manufacturers can be held liable for injuries caused by inadequately labeled generic drugs. The question arose primarily because, under regulations of the Food and […]