The ABA Antitrust Consumer Protection Committee is seeking law professors to judge a law student writing competition on he Tension Between Truth in Advertising Restrictions and First Amendment Free Speech Rights. Submissions are to be due by April 1, 2018 and the award is to be decided by July, 2018. If you are interested, please email […]
Author Archives: Jeff Sovern
by Jeff Sovern Here (the content appears to be free). Excerpt: After the GOP captured the U.S. House majority in 2010, Republicans quickly went to work trying to * * * undercut the Dodd-Frank Act and the Consumer Financial Protection Bureau, among other things. A Democratic victory in 2018 would likely have a reverse effect, […]
by Jeff Sovern Phishing emails purporting to come for financial institutions and others have long been an unfortunate fact of life for consumers (for a reports of phishing emails supposed to be from the Office of the Comptroller of the Currency, go here, and the concept of phishing has even shown up in the title […]
by Jeff Sovern The banking industry opposed the Credit Card Act of 2009 on the ground that it would reduce the availability of credit. We heard the same objection to 2010's Dodd-Frank Act. So you might think that it would be hard to get a credit card or to use one to borrow these days. […]
by Jeff Sovern So reports MarketWatch. If the bill is enacted, students will effectively have to pay more for student loans and some schools will have a harder time helping with scholarships because their endowments will be smaller than they otherwise would be.
by Jeff Sovern According to a CNBC story, Trump wants to sack consumer protection chief but is afraid of turning him into hero for the left, during the signing of the resolution to rescind the CFPB arbitration rule, a session that, as far as I know, was attended only by representatives of the financial services industry, members […]
by Jeff Sovern The American Banker ran a story, Will Hensarling's next job be in Trump administration? on a variety of matters. As for Hensarling, the story reported speculation that he might be appointed to run the Federal Housing Finance Agency, which he might prefer to leading the CFPB: "Running the CFPB is likely to be a giant […]
Here. The report is based on a statement by an unidentified White House aide. The signing is to take place tomorrow.
by Jeff Sovern So reports the Dallas Morning News. Representative Hensarling is a strong believer in the free market, despite the evidence that it doesn't always work. I hope that this does not mean Hensarling would be the president's nominee to run (ruin?) the CFPB, an agency that Hensarling has been extremely critical of (compare […]
by Jeff Sovern Allison blogged earlier about CFPB Director Cordray's letter to the president urging him to allow the CFPB arbitration rule to go into effect. While it would be wonderful if the president did so, there are many reasons to think he won't. Among these: as regular readers will know, Vice President Pence broke […]