The student loan delinquency rate for student loan borrowers grew from roughly zero to nearly 25 percent in 2025, according to a devastating report from The Century Foundation and Protect Borrowers. The report found that nearly 9 million student loan borrowers—or, one out of every five borrowers—are in default. Further, 3/4 of borrowers moving from […]
Author Archives: Christine Hines
The Federal Trade Commission this week sued an “online question-and-answer service” and its CEO in a California federal court alleging that they deceived people into a monthly subscription service. According to the FTC, people would come across the service, Just Answer LLC, in an online search, and then the company would lead them to believe […]
The U.S. District Court for the District of Columbia on Tuesday issued an order confirming that the CFPB must continue to operate, smacking down the agency leadership’s recent efforts using re-interpretations of the Dodd-Frank Wall Street Reform and Consumer Protection Act to argue that the bureau would soon run out of funding. Following a Department […]
The Congressional Research Service, the research and analysis arm of Congress, last Friday released an updated summary to its report on the Consumer Financial Protection Bureau’s budget. This update includes discussion on the budget reconciliation (P.L. 119-21) passed in July that drastically reduces the CFPB’s funding that it receives from the Federal Reserve. The agency’s […]
The news this week is the ongoing Big Tech campaign seeking a federal law to preempt state regulations on artificial intelligence. As reported, some members of Congress are attempting to push an AI preemption provision in the National Defense Authorization Act (NDAA), a must-pass federal bill. The provision would block state laws from regulating the […]
The debt collection industry, through its trade group ACA International and Fresno Credit Bureau, sued a Colorado official this week, seeking to nullify a state law that stops medical debt from being included on consumer credit reports. The debt collectors claim that the Colorado law is preempted by the Fair Credit Reporting Act (FCRA), the […]
The D.C. Circuit Court of Appeals denied the Federal Trade Commission’s emergency motion for stay on an injunction that bars the agency from moving ahead with a civil investigative demand (CID) it had issued to nonprofit media watchdog Media Matters. Media Matters sued the FTC in June to quash the CID, alleging that the FTC […]
California car buyers have new protections from too-common bait and switch car dealer tactics in a newly passed law signed yesterday by Gov. Gavin Newsom. Much of the law is modeled after the Federal Trade Commission’s Combating Auto Retail Scams (CARS) rule that the Fifth Circuit Court of Appeals vacated in January. The California CARS […]
The Federal Trade Commission and seven state attorney general offices announced a lawsuit against Ticketmaster.The FTC along with Virginia, Utah, Florida, Tennessee, Nebraska, Illinois and Colorado, sued Ticketmaster for violating the FTC Act and the Better Online Ticket Sales Act, a law created to stop attempts to automate the process of purchasing tickets en masse […]
The Securities and Exchange Commission this week said that it would allow corporations filing registration statements to use predispute arbitration clauses for investor claims. In its policy statement, the SEC said that “the presence of an issuer-investor mandatory arbitration provision will not impact decisions whether to accelerate the effectiveness of a registration statement under the […]