Colin P. Marks of St. Mary's has written Online and As Is. Here is the abstract: Online retail is a multi-billion-dollar industry in the United States. Consumers enjoy the ease with which they can browse, click, and order goods from the comfort of their own homes. Though it may come as no surprise to most […]
Author Archives: Jeff Sovern
Here. Excerpt: Hensarling does already have a bill in the House, the Financial Choice Act, that’s being given long odds. “We think the chances that the bill becomes law are less than 20 percent—maybe as low as 10 percent,” Brian Gardner, Washington analyst at the investment bank Keefe, Bruyette & Woods, wrote to clients on […]
by Jeff Sovern I was talking to someone yesterday who pointed out that even if Obamacare can be repealed through the reconciliation process–meaning a simple majority is enough to get it through the Senate–the Republicans may not have enough votes. If they don't pick up any Democratic votes, they can afford to lose only two […]
Trump to Weigh Litigation Changes Long Coveted by Business Trump Seen as Supportive of Business-Backed Litigation Bills
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Here. Excerpt: [John] Harwood: The Wall Street Journal wrote an editorial, said your agency is lawless. Ben Sasse of Nebraska, who is an independent-minded senator, refers to you as King Richard. People say, "He's a dictator." What do you say? Cordray: First of all, I think it's completely ill-founded. There's never specifics in those kinds […]
Remember how House Financial Services Committee Chair Jeb Hensarling said last month that he wanted to change the CFPB's structure to one headed by a single director reporting to the president? Well, now the WSJ is reporting that Rep. Blaine Luetkemeyer of Missouri, chair of the House Financial Services Subcommittee on Financial Institutions and Consumer […]
Here. Excerpt: [E]nter Congressman Bob Goodlatte (R-Corporate Lobbyist Heaven), with his ironically titled “Fairness in Class Action Litigation Act,” which passed through the House Judiciary Committee two weeks ago. Its passage was a remarkable feat of avoiding public notice or debate, with Goodlatte ramming through the legislation in the middle of the night, voting down […]
by Jeff Sovern Here. Here's something they say about transferring the Bureau's authority to the FTC: Transferring all federal consumer protection authority to the Federal Trade Commission, the agency with vast regulatory experience in assessing practices affecting consumer financial services markets, would dramatically improve the federal regulatory framework for consumer financial protection. Maybe Heritage should have paid […]
In the Dallas Morning News. The headline is Texans need to tell Ted Cruz and Jeb Hensarling to keep the Consumer Financial Protection Bureau. This is an excellent op-ed and could serve as a template for use in drafting op-eds for other states. Excerpt: Thanks to the bureau, Texas-based EZCORP had to stop illegally collecting debts […]