by Jeff Sovern Various outlets are reporting that it will be Kraninger. At least one conservative objects to the appointment. Here is an except from the WSJ report: “The nominee is unqualified,” said J.W. Verret, a law professor at George Mason University and former chief economist for Rep. Jeb Hensarling, (R., Texas), head of the […]
Category Archives: Consumer Financial Protection Bureau
by Jeff Sovern Here. Four anonymous sources say she is Trump's leading choice. Will we hear a different name tomorrow? Excerpt: Kraninger, an associate director at OMB, previously worked for the Department of Homeland Security and the Senate Appropriations Committee. * * * The potential selection of Kraninger, which could be announced next week, is likely to […]
by Jeff Sovern The Hill has a report here. I don't think that can pass the Senate unless the Senate abolishes the filibuster rule or nine Democratic senators go along with it, so it seems unlikely to pass unless Democrats make a deal to do something they see as more important–which hasn't happened in the […]
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 […]
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 […]