Mulvaney's written testimony is here. InsideArm.com has detailed coverage here. The LA Times story is here. Excerpt: Mulvaney acknowledged that although the bureau had averaged opening one new enforcement action a week under Cordray, he had launched none since taking over. That triggered astonishment from Rep. Carolyn Maloney (D-N.Y.). "Are you telling me that every […]
Author Archives: Jeff Sovern
by Jeff Sovern According to Politico, here's what Mulvaney himself said about it: POLITICO’s Katy O'Donnell: “The Consumer Financial Protection Bureau is planning for the likelihood that acting Director Mick Mulvaney will remain in place through the end of the year, Mulvaney said today at a banking industry conference. “‘If it takes a year and […]
by Jeff Sovern AP is running a story, Under Trump, a Voice for the American Consumer Goes Silent, making a point that this blog has frequently noted. Excerpt: A review of a CFPB database obtained by the AP through a Freedom of Information request shows that the bureau issued an average of two to four […]
by Jeff Sovern So Reuters reports here. This report is consistent with the view that businesses that behave properly suffer when competitors cut corners and so enforcement of consumer protection laws benefits not only consumers but companies with consciences.
by Jeff Sovern Lately, I've been thinking to myself about how so little has leaked out on what's going on at the Bureau, especially compared to the White House. But that didn't stop Acting Director Mulvaney today from attacking CFPB staff for leaking, according to Sylvan Lane in The Hill. Here's an excerpt: Mulvaney . […]
Shahar Dillbary of Alabama and Griffin Sims Edwards of the University of Alabama at Birmingham – Department of Marketing, Industrial Distribution & Economics have written An Empirical Analysis of Sexual Orientation Discrimination, University of Chicago Law Review, 2018 Forthcoming. Here's the abstract: This study is the first to empirically demonstrate widespread discrimination across the United States based on […]
by Jeff Sovern On Wednesday, the House Financial Services Committee will hear from CFPB Interim Chief Mick Mulvaney about the CFPB. Here are some questions I hope get asked of Mulvaney, in no particular order: Wells Fargo. You have said that complaints to the CFPB should guide your actions. It appears from the public database […]
Here. Listen to it while driving. It explores people involved in the CFPB's dismissal of the Golden Valley payday lending case and quotes Chris Peterson.
by Jeff Sovern The report is here. Here's an excerpt from Mulvaney's statement at the beginning of the report: As has been evident since the enactment of the Dodd-Frank Act, the Bureau is far too powerful, and with precious little oversight of its activities. Per the statute, in the normal course the Bureau’s Director simultaneously […]
Here, in Forbes. Another consumer protection that probably doesn't protect consumers