The American Banker’s Kate Berry has the story in Trump DOJ lawyer Jeffrey Clark joins the CFPB (behind paywall but available on Lexis). She reports that five others have also joined the Bureau. The hires all appear to be rooted in politics.
Author Archives: Jeff Sovern
Here (behind paywall). The article describes how landlords hire debt collectors solely to report the purported debts and force tenants to pay. Because landlords won’t rent to people with such debts on their credit reports, according to the article, the strategy puts pressure on the consumer to pay whether the debt is in fact owed […]
So reports Bloomberg Law’s Evan Weinberger (not behind paywall). The exceptions are “those asked to return to work by “the Acting Director, Chief Legal Officer, or another designe. . . .” I don’t know how many fit in that category. Because nothing says we want to cut waste like paying employees while preventing them from […]
At Bluesky. Data destruction is also on hold.
So reports Stacy Cowley in the NY Times, describing a federal court hearing, presumably in an attempt to get a TRO.
The complaint is here. It also request a TRO. The complaint reports that the Bureau’s “statutorily mandated consumer complaint went dark, cutting off one of the Bureau’s most direct links with consumers in dire financial straits. The Bureau’s Consumer Response function is now functioning at diminished capacity at best, threatening a vital lifeline that collects hundreds […]
We received the following: HOUSTON – Multiple directly impacted people and groups have asked for permission in federal court to defend the Consumer Financial Protection Bureau’s (CFPB’s) important recent rule to remove medical debt from credit reports. The National Consumer Law Center (NCLC) is representing Texas truck driver David Deeds and District of Columbia resident […]
The Supreme Court has described the major questions doctrine in different ways, but here is one formulation, taken from Util. Air Regul. Grp. v. EPA, 573 U.S. 302, 324 (2014): When an agency claims to discover in a long-extant statute an unheralded power to regulate ‘a significant portion of the American economy,’ [the Supreme Court] […]
The letter is here. The Supreme Court held otherwise in Humphrey’s Executor, but the letter calls for overturning that decision. The Supreme Court has thus far resisted attempts to get it to revisit Humphrey’s Executor but the administration’s effort ratchets up pressure to decide the issue. If the Supreme Court decides that FTC commissioners can […]