The Department of Education announced on Monday that it will delay implementing new rules designed to punish career-training schools that leave students with high levels of debt but weak job prospects. The Wall Street Journal (subscription required) explains: The move delays new rules known as “gainful employment” that formed a key piece of former President […]
Author Archives: Allison Zieve
In January, a company calling itself "Company Doe" filed suit against the CFPB to challenge its constitutionality. The theory of the complaint was that, in light of the DC Circuit's (now vacated) decision in PHH v. CFPB finding the structure of the CFPB unconstitutional, the agency should be enjoined from taking any action against Company […]
The New York Times, in a story called "How Uber Deceives the Authorities Worldwide," reported on Friday: Uber has for years engaged in a worldwide program to deceive the authorities in markets where its low-cost ride-hailing service was resisted by law enforcement or, in some instances, had been banned. The program, involving a tool called […]
Imposter scam complaints surpassed identity theft for the first time as the second most common category of consumer complaints received by the Federal Trade Commission’s Consumer Sentinel Network in 2016, according to the agency’s new Data Book. Although debt collection complaints declined slightly between 2015 and 2016, they remained the top consumer complaint category, comprising […]
The Consumer Financial Protection Bureau has released a report detailing the problems in the credit reporting industry that the CFPB uncovered and corrected through its oversight work. The report identifies significant issues with the quality of the credit information being provided by furnishers and maintained by credit reporting companies, and it outlines the actions that […]
The online publication FairWarning has this story today about OSHA enforcement since January 20: In November, the U.S. Occupational Safety and Health Administration announced fines against businesses with workers who were killed when they were pulled into a wood chipper, burned in a refinery fire and crushed in collapsing grain bins and construction trenches. In […]
Washington Post columnist Michelle Singletary posts some questions and answers about the Department of Labor's "fiduciary rule." The rule is intended to ensure that financial professionals helping guide your retirement investments act in your best interest. The rule was finalized in 2016 and becomes applicable on April 10. The rule has been put on hold […]
The Business Roundtable, an association of CEOs, sent President Trump yesterday a list of rules it wants delayed, altered or repealed. Prominent among the rules listed are protections for workers and the environment, along with the net neutrality rule and some Affordable Care Act rules. The list is available here. USA Today has the story.
The Federal Trade Commission and the Maine Office of the Attorney General announced three settlements with dietary supplement marketers who allegedly used radio infomercials deceptively formatted as talk shows and print ads featuring fictitious endorsers to advertise supplements purporting to improve memory and to reduce back and joint pain. The three court orders resolving charges […]
The Washington Post reports today: Wells Fargo announced Tuesday that it had fired four executives as its board of directors nears completion of its investigations into sham accounts set up by employees to allegedly meet sales quotas. The four executives come from the megabank’s community banking division. They will not receive 2016 bonuses and will […]