by Jeff Sovern Bloomberg said Issa was a contender just two days ago but The Hill reports Issa claims the matter is not under current discussion. If the press reports are accurate, it's striking that the White House seems to be shifting so quickly on selecting someone it has known it would need to nominate […]
Author Archives: Jeff Sovern
by Jeff Sovern So says C. Ryan Barber in the National Law Journal. Things shift quickly in the Trump White House. The report is attributed to two unnamed sources. Zywicki would be a formidable candidate. He is smart, a prolific writer, and served as Director of the Office of Policy Planning at the Federal Trade Commission. […]
by Jeff Sovern Here, against Security Group, Inc. As expected, the case involves debt collection problems but the Bureau also found FCRA issues. Here's an interesting thing about the case: remember how Mulvaney suggested that enforcement actions ought to be based on the numbers of complaints received? Well, I ran the three names in the CFPB's […]
by Jeff Sovern It feels as if there has been a steady stream of op-eds attacking Mulvaney's decision to fire the CFPB's Consumer Advisory Board members. We've posted links here and here and I commented here. A couple more links appear below. But usually someone outside the Bureau defends Mulvaney's acts. Where are they this time […]
Here on Law360. Excerpt: Companies also benefit from the public database. The database provides important feedback to companies about concerns people have with their products and services. It also helps prevent unscrupulous competitors from undercutting legitimate companies, because all companies know that consumers might call them out for using underhanded tactics. Additionally, policymakers and others […]
Christoph Busch of the University of Osnabrück – European Legal Studies Institute has written Implementing Personalized Law: Personalized Disclosures in Consumer Law and Privacy Law, forthcoming in the University of Chicago Law Review. Here's the abstract: This Article explores how the rise of Big Data and algorithm-based regulation could fundamentally change the design and structure of disclosure mandates […]
Here, by Suffolk's Kathleen Engel and Notre Dame's Judy Fox. I wanted to post an excerpt, but there is so much in this one that is important that I didn't want to leave anything out. I urge our readers to read it in its entirety. Mulvaney's decision to disband the advisory boards and the justifications […]
by Jeff Sovern Kate Berry at the American Banker reports on Mulvaney's response to questions about why he fired the advisory board members. The headline reads Mulvaney's defense of CFPB board upheaval: I'm trying to fix leaks. The headline is puzzling, because the Consumer Advisory Board never met with Mulvaney, so it's hard to know […]
Here, by Ann Baddour, director of the Fair Financial Services Project at Texas Appleseed. Excerpt: When Mick Mulvaney and his leadership team took control of the bureau in November, we on the advisory board tried in good faith to engage with them. We have been sidelined every step of the way. The bureau canceled our scheduled meetings […]