House Republicans have voted to make French Hill chair of the House Financial Services Committee. According to the NY Times, Hill’s first choice would be to abolish the C.F.P.B. But he believed there would be wider support for a milder change to how it was run, like restructuring its leadership to make it a bipartisan […]
Author Archives: Jeff Sovern
Here, on Ballard Spahr’s Consumer Finance Monitor podcast.
Donald E. Bowen III of Lehigh University, S. McKay Price of Lehigh University – Perella Department of Finance, Luke C.D. Stein of Babson College, and Ke Yang of Lehigh University have written Measuring and Mitigating Racial Disparities in Large Language Model Mortgage Underwriting. Here’s the abstract: We conduct the first study exploring the application of large […]
Cathy Lesser Mansfield of Case Western Reserve has written It Takes a Thief….and a Bank: Protecting Consumers from Fraud and Scams on P2P Payment Platforms. Here’s the abstract: This Article proposes statutory and regulatory changes to the Electronic Fund Transfer Act; Regulation E; and the Bank Secrecy Act/Anti-Money Laundering regulations to protect consumers who use instant […]
So reports Bryan Koenig at Law360. Meador is a partner at Kressin Meador Powers and according to his bio has served at the FTC, DOJ and as a staffer for the Senate Judiciary Committee. He has considerable antitrust experience but I’m not sure what experience, if any, he has in consumer protection. Ferguson has been […]
Recently we blogged about Elon Musk’s call to delete the CFPB. Musk was responding to an interview by Marc Andreesen on Joe Rogan’s podcast in which Andreesen attacked the CFPB as “sort of Elizabeth Warren’s personal agency that she gets to control … it’s an independent agency that just gets to . . . do what […]
David Horton of California, Davis has written Accidental Arbitration, 102 Wash. U. L. Rev. — (forthcoming 2025). Here’s the abstract: The Supreme Court’s muscular interpretation of the Federal Arbitration Act (FAA) has encouraged businesses to insert arbitration clauses in untold millions of contracts. However, this Article explores a subtler way in which arbitration’s kingdom is […]
. . . on Ballard Spahr’s Consumer Finance Monitor Podcast, here.
More information here. Guests include former CFPB director Kathy Kraninger and former CFPB senior staffer David Silberman. Ballard Spahr will conduct the sessions.
Earlier today, Elon Musk posted on X, formerly known as Twitter, that the CFPB should be deleted as a duplicative regulatory agency. I’m not sure why Musk considers the CFPB duplicative or what he thinks it is duplicative of (or if he himself knows), but it is simply wrong to call the CPB duplicative. Some […]