Jonathan Gruber, an MIT econ prof and a key parent of Romneycare and the Affordable Care Act, has written Trump says Obamacare is broken. He’s the one who broke it. Here's an excerpt: What supporters of [Trumpcare] are not admitting, however, is that the ACA’s current failings are due to the misguided policies of Republicans and particularly the […]
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I thought our readers might be interested in why conservative Andrew Sullivan believes that Trumpcare Destroys Any Notion That American Conservatism Gives A Damn.
Sarah Light has written about the concept of Advisory Nonpreemption, using regulation of driverless cars as an example. Here's the abstract: We are living in an era of dramatic and unpredictable technological and business innovation. Federal agencies have been at the forefront of updating substantive legal rules to meet new challenges not originally contemplated by Congress. […]
Here. Excerpt from Senator Warren's statement: I am deeply concerned by the Administration's decision to remove an experienced, independent regulator like Comptroller Curry and replace him with a career bank lawyer.
Consumer Reports announced today that Jessica Rich, former director of the Federal Trade Commission’s Bureau of Consumer Protection, has joined the organization as Vice President of Consumer Policy and Mobilization. Consumer Reports' press release is here.
. . . as was reported yesterday to be under consideration. The announcement is here.
The Washington Post reports: Republicans who eagerly awaited a GOP president so they could take a heavy knife to many of the regulatory requirements for banks, insurers and other financial institutions finally get their chance. The House Financial Services Committee, led by Texas Rep. Jeb Hensarling, is slated to begin work Tuesday on legislation to […]
The Consumer Financial Protection Bureau today filed suit against four online lenders – Golden Valley Lending, Inc., Silver Cloud Financial, Inc., Mountain Summit Financial, Inc., and Majestic Lake Financial, Inc. – for deceiving consumers by collecting debt they were not legally owed. The CFPB alleges that the four lenders could not legally collect on these […]
The Federal Communications Commission has begun the process to rollback net neutrality regulations. NPR has the story. For the perspective of the inventor if the World Wide Web, Consumerist has this article.
The Consumer Financial Protection Bureau released today a monthly complaint report highlighting consumer complaints about student loans. The report shows that both private and federal student loan borrowers nationwide report persistent servicing breakdowns that may sideline their path to repayment. The report also highlights trends seen in complaints coming from Nevada. The CFPB notes that, […]