The Consumer Financial Protection Bureau issued a report yesterday analyzing student loan industry data. The report shows that 9 in 10 of the highest-risk borrowers were not enrolled in federal affordable repayment plans. The analysis looks at hundreds of thousands of the highest-risk borrowers who are exiting default and may be eligible for federal programs […]
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Here. Excerpt: [L]ast week’s appointment of the lawyer, Keith A. Noreika, to run the Office of the Comptroller of the Currency is unusual because it does not require him to sign the ethics pledge that President Trump is forcing on other appointees. * * * [T]he White House used an administrative quirk to appoint Mr. […]
Many of our readers have no doubt heard news reports of Trump's recent interview with The Economist. If you read this blog, you are probably interested in consumer policy, and, in turn, may be interested in economic policy. If so, read the interview. The interview goes beyond the Trump lies (or gross ignorance) that you've been reading […]
In October 2016, the Consumer Financial Protection Bureau issued a rule requiring greater disclosures for and imposing overdraft limits on prepaid cards, which are frequently used in place of paychecks by people without bank accounts. The timing made the rule eligible for Congress to repeal it under the Congressional Review Act, but lawmakers only had […]
Public Citizen and 25 other U.S. and international groups concerned with consumer rights and electronic privacy have sent a letter to Facebook asking it to release documents about whether it has collected and analyzed psychological information about its youthful users for marketing purposes. The claim that Facebook had engaged in such analysis and hyped it to […]
That's the name of this article by law prof Daniel Hemel. Here's the abstract: Breaking from a decades-old norm of presidential tax transparency, Donald Trump has refused to make his federal income tax returns available for public inspection. Congressional leaders have blocked bipartisan legislation that would compel the President to disclose his returns. New York State, however, […]
The New York Times reports: The U.S. government's review of a landmark 2010 financial reform law will not be complete by early June as originally targeted, and officials will now report findings piece-by-piece, with priority given to banking regulations, sources familiar with the matter said on Monday. President Donald Trump has pledged to do a […]
Go here or click on the embedded video below. Not surprisingly, Oliver hates the House bill. And he's worried that the Senate will do little to make things better. Rather, he's concerned that the Senate will just "cut a sh*t sandwich in half" and then Congress and Trump will feed it to the country.
Yesterday on HBO's Last Week Tonight with John Oliver, Oliver explained net neutrality and encouraged people to urge the FCC not to undo the 2016 rule by visiting www.gofccyourself.com. The site takes a minute or so to open, so be patient if you want to comment. Then click "Express" on the right-hand side of the […]
That's the name of this opinion piece by Peter Suderman. Suderman is a critic of the Affordable Care Act who thinks Trumpcare is far worse than the ACA. Some brief excerpts: I have been a critic of Obamacare since it became law, but the Republican alternative is worse in nearly every way. * * * It’s unclear […]