Here (behind paywall). The article lists various possible industry strategies for blocking the rule: fire CFPB Director Cordray before he can adopt the new rule or after it is adopted and appoint a new director who will rescind it; Congress could preempt the rule from taking effect through the Congressional Review Act or the Financial […]
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We have seen a lot of articles and columns lately about the future of the Consumer Financial Protection Bureau and its director Richard Cordray. Jeff posted one such piece below. The American Banker yesterday posted this defense of the CFPB by Jeannette Quick, who has served as senior counsel to the Senate Banking Committee and […]
The Washington Post reports: Some of the nation's biggest Internet providers are asking the government to roll back a landmark set of privacy regulations it approved last fall — kicking off an effort by the industry and its allies to dismantle key Internet policies of the Obama years. In a petition filed to federal regulators Monday, a top […]
In an opinion issued yesterday, the Ninth Circuit held that a named plaintiff need not demonstrate, to support a motion for class certification, an "administratively feasible" way of identifying individual class members. In Briseno v. ConAgra, the plaintiffs argued that Wesson Oil's “100% Natural” label was false or misleading because Wesson oils are made from […]
The Consumer Financial Protection Bureau has taken enforcement action against Equifax, Inc., TransUnion, and their subsidiaries for deceiving consumers about the usefulness and actual cost of credit scores they sold to consumers. The CFPB found that the companies also lured consumers into costly recurring payments for credit-related products with false promises. The CFPB ordered TransUnion […]
In this column, using the controversy over sky-high insulin prices as his case in point, David Lazarus explains why he thinks replacing the Affordable Care Act with a free-market health care system is "doomed from the start."
by Paul Alan Levy Could Donald Trump, who is notorious for his intolerance of public criticism, and who has promised to "open up the libel laws," evade the First Amendment and section 230 stricture on defamation claims by repackaging them under the rubric of the right of publicity? That is the question presented by an […]
The Consumer Financial Protection Bureau's blog post about its fair-lending priorities for 2017 is here.
The Washington Post reports: Consumer advocates have filed a complaint with the Federal Trade Commission charging that Google violated user privacy through a policy change that gives the company more leeway to build profiles of people as they browse the Web and use Google services. The complaint, submitted Thursday by Consumer Watchdog and the Privacy Rights […]
Last week, the National Highway Traffic Safety Administration (NHSTA) issued a notice of proposed rulemaking on a range of vehicle-to-vehicle communications to be required in all new cars and light trucks. The agency thinks the rule is revolutionary. As the proposed rule's executive summary explains: The National Highway Traffic Safety Administration (NHTSA) is proposing to issue […]