Protect Borrowers has the story, headlined Trump CFPB Buries Financial Companies’ Abuses. So much for the claim that Trump is the most transparent president ever. This will reduce freedom of choice, something the administration has claimed to champion in other contexts, for consumers who want to avoid patronizing businesses that other consumers have found unsatisfactory. […]
Author Archives: Jeff Sovern
Justin (Gus) Hurwitz of Pennsylvania and Gregory M. Dickinson of Stanford have written The Consumer Protection Paradox: Learning, Feedback, and the Limits of Consumer Protection Law, forthcoming in the Emory Law Journal. Here’s the abstract: Modern consumer-protection law is built on a simplifying picture: The consumer and her vulnerabilities are treated as static over time. […]
At Ballard Spahr’s Consumer Finance Monitor podcast. Consumer Reports recently issued a report on AI.
Here, by Douglas Gillison. The memo, from Chief Examiner Fatima Batie, said “I promise you if you say something inflammatory or newsworthy it will get back to you in the most unpleasant manner and I’m not referring to my or [CFPB examination head] Calvin [Hagin]’s reaction.” Is it inflammatory or newsworthy to tell a financial […]
Christine Chen Zinner & Christine Hines have written Consumer Protection Under the Trump CFPB. What Comes Next?, 38 Loy. Consumer L. Rev. 131 (2026). I can’t find it on the web yet except on Westlaw at 38 LYCLREV 131. Here’s the concluding paragraph: In this current moment, with seemingly no checks on wrongdoing and little […]
The announcement is here and Consumer Finance Monitor has a report here. Chris is a longtime consumer law professor at the University of Utah. Most recently, he has been working on the forthcoming sixth edition of our consumer law casebook, scheduled for publication in time for Spring 2027 classes (the link is to the fifth […]
Here. The report–by Alan S. Kaplinsky, Richard J. Andreano, Jr., John L. Culhane, Jr. & Adam Maarec—is based in turn on a report by Semafor’s Eleanor Mueller. In their view, this “make[s] practical and legal sense” because it “help[s] avoid a leadership vacuum.” Vought’s acting director term is to expire August 1 and in the likely event that Johnson […]
That’s according to American Banker’s Kate Berry in Disclosures show CFPB pick’s ties to several regulated firms. And, of course, Johnson currently works for Cap One.
So reports Corey G. Johnson of Pro Publica in FCC Officials Took Pricey Gifts From Paramount as the Company Needed Approval for Billion-Dollar Deals. That article focuses on the FCC’s regulation of the entertainment industry but the FCC also implements and interprets the Telephone Consumer Protection Act (which is not to say that the deals in question […]
So suggests an article in the Chronicle of Higher Education, The Demise of Disparate-Impact Liability, which carries the subhed The Education Department’s decision to eliminate a civil-rights enforcement tool strikes some as hypocritical. Here’s an excerpt: [C]ritics say the administration is relying on the kind of statistical evidence used in disparate-impact cases to crack down on […]