Author Archives: Jeff Sovern

You can see the advance notices of proposed rulemaking if you scroll down here. Of course, that presupposes that there will be any supervision.

Here, by Joel Jacobs. Which makes it harder to understand why Congress just voted to cut the Bureau’s budget.

Here. And here’s the abstract: The consumer finance industry frequently develops new types of loans and business models, such as buy now, pay later and earned wage access. While these products may help consumers, they also pose risks. To take only one example, consumers may unwittingly assume unaffordable obligations.  These problems and others could be […]

Kate Berry’s story in the American Banker is headlined CFPB calls GAO funding probe ‘political’ and ‘weaponized.’ The story is about a letter the CFPB’s Chief Legal Officer, Mark Paoletta, sent the GAO. Not content with criticizing the GAO, Paoletta also called Congress “reckless and irresponsible” and the CFPB “an out-of-control agency.”