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.
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. . . 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, […]
That's a quote from the abstract of Valuing Black Lives: A Constitutional Challenge to the Use of Race-Based Tables in Calculating Tort Damages by law profs Kim Yuracko and Ronen Avraham. Here's the full abstract: In 2011, a young couple eagerly expecting the birth of their first child moved into an apartment in Brooklyn, New York, excited […]
Nader — who took the airlines all the way to the Supreme Court way back when, and won — has written this USA Today op-ed on the use of consumer power to bring the airlines down a few notches.
Washington Post columnist MIchelle Singletary warns: "If you use a prepaid card — and millions of you do — take heed, because there’s an effort in Congress to block new rules that would give you the kind of federal protections afforded to debit and credit card users. Her full column is here.
Opponents of payday loan reform argue that the payday loan industry benefits its customers by providing access to credit for customers who could not otherwise obtain it, and that it is paternalistic to deny consumers the opportunity to afford themselves of these benefits. Payday loan customers, however, have a different view: Bring on the “paternalism.” […]