Hundreds of illegal loans made to Massachusetts consumers by an unlicensed online auto title lender are now void pursuant to a judgment announced today by the Massachusetts Attorney General's office. The company has also been permanently barred from operating in Massachusetts, and liens they placed on vehicles have been dissolved with new titles issued to […]
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The non-partisan Committee for a Responsible Federal Budget has released this analysis of Trump's budget. Listed below are the Committee's five key findings. The first three seek simply to state what the Trump Administration says is coming, including the Administration's predictions of enormous economic and political success. The last two are the Committee's attempts to deal with […]
This article at Think Progress points to some worrisome waivers in the terms of service for the DNA testing service at Ancestry.com. Ancestry.com argues in response that the some of the concerns are overstated but that in any event it has revised its terms to meet some of the concerns.
The Consumerist has this article on recent and proposed changes to the Department of Education's student-loan program.
The FTC reports: At the request of the Federal Trade Commission and the State of Florida, a federal court has temporarily halted a massive phony debt relief operation that bilked tens of millions of dollars from financially strapped consumers, including the elderly and disabled. According to the FTC and Florida, Jeremy Lee Marcus, Craig Davis […]
On Wednesday, the U.S. Court of Appeals for the D.C. Circuit will hear argument in a case challenging the constitutionality of the structure of the Consumer Financial Protection Bureau. The question is whether the provision of the Dodd-Frank Wall Street Reform Act that created the CFPB violates separation-of-powers principles because it provides that the CFPB […]
Mother Jones reports; Earlier this year, White House Chief Strategist Steve Bannon said the Trump administration will be fighting regulations at every turn through "the deconstruction of the administrative state." The Regulatory Accountability Act, dubbed the "License to Kill bill" by some environmental groups, may kick off that trend by making reining in the industry […]
The Washington Post explains, here.
The House passed the bill in January. The bill provides that regulations imposing more than $100 million in costs would not take effect unless Congress affirmatively voted to approve them. The bill passed the Senate Homeland Security and Governmental Affairs Committee on a vote of 8 to 6. More here from Reason.
The Tennessean has this op-ed.