"Senate Democrats on Tuesday enlisted Janet L. Yellen, the Federal Reserve chairwoman, as an expert witness against Republican plans to roll back postcrisis financial regulations. In testimony before the Senate Banking Committee, Ms. Yellen said repeatedly that the new safeguards were effective and that regulation was not impeding economic growth." The New York Times article […]
Author Archives: Allison Zieve
The New York Times reports today: President Donald Trump's vow to roll back government regulations at least 75 percent is causing anxiety for some pharmaceutical executives that a less robust Food and Drug Administration would make it harder to secure insurance coverage for pricey new medicines. The prospect of big change at the regulatory agency […]
The Washington Post reports: A federal class-action lawsuit alleges that JPMorgan Chase plotted to bilk D.C. jurors of money by forcing them to receive jury service payments on Chase debit cards that come with fees attached. The suit, filed Tuesday in U.S. District Court for the District of Columbia by D.C. attorney William Mark Scott, […]
FairWarning reports that "Tobacco giant R.J. Reynolds, the top seller of the menthol cigarettes favored by most black smokers, is seizing on the hot button issue of police harassment of blacks to counter efforts by public health advocates to restrict menthol sales." The full story is here.
February 2, 2017 – New York Salesman Sentenced to Prison for Fraudulently Selling Vending Machine Businesses February 1, 2017 – United States Files Enforcement Action Against Florida Company and Senior Managers to Stop the Adulteration and Misbranding of Medicated Animal Feeds January 31, 2017 – Three Individuals Arrested and Charged in South Dakota Fraudulent Medical […]
Federal Trade Commission announced today that Jessica Rich, Director of the Bureau of Consumer Protection, is leaving the agency on February 17, after 26 years of service. The press release is here.
In the New York Times today, Paul Krugman discusses the "fiduciary rule" that the President last week ordered the Department of Labor to "reconsider." Last week Mr. Trump released a memorandum calling on the Department of Labor to reconsider its new “fiduciary rule,” which requires financial advisers to act in their clients’ best interests — […]
Last week, 17 state attorneys general, two congresspeople, and several consumer-advocacy organizations moved to intervene in PHH v. CFPB, pending in the DC Circuit. The motions each sought to intervene to support (and if the agency stopped defending the case to pursue) the CFPB's petition for rehearing of the court's decision last fall, in which […]
The Wall Street Journal contemplates whether the CFPB is subject to the slew of recent executive orders: A memo issued Jan. 20—Inauguration Day—ordered “executive departments and agencies” to temporarily suspend filing new regulations and delay the implementation of pending rules to give President Donald Trump’s appointees the chance to study them. …. Another executive order […]
Among the flood of Executive Orders over the past 8 days, and the uproar of the refugee ban, one important EO has not gotten much attention. Yesterday, Mr. Trump signed an order requiring agencies to repeal 2 regulations for every 1 they issue. The EO is flawed in many ways, and will be good for […]