The Department of Justice plays a role in consumer protection. So for that reason (and there are plenty of others), our readers may want to meet our next attorney general (assuming Mr. Trump's nominee is confirmed). See this article by Ari Berman.
Category Archives: Uncategorized
The Consumer Financial Protection Bureau has announced a request for information regarding consumer access to financial records: The Dodd-Frank Wall Street Reform and Consumer Protection Act provides for consumer rights to access financial account and account-related data in usable electronic form. The [CFPB] is seeking comments from the public about consumer access to such information, including […]
Since the Consumer Financial Protection Bureau began accepting mortgage complaints in 2012, it has received more than 12,500 mortgage complaints from servicemembers, veterans, and their families. In a new report, the CFPB reviews and analyzes about 1,800 of those complaints related to mortgage refinancing. The report finds that veterans complain that "the solicitations and advertisements they […]
The Federal Trade Commission has a new financial readiness website designed for mobile devices to help members of the military community navigate personal financial decisions in light of the unique challenges they face, such as frequent relocations and deployment. The FTC's provides the details, here.
The IRS has finalized a proposed rule issued in 2014 removing the three-year nonpayment testing period from the list of “events” for determining when debt had been discharged for purposes of issuing a Form 1099-C, Cancellation of Debt, to taxpayers. Prior to the change in the rule, individuals would receive a 1099-C after three years, […]
Read Americans Blame Obesity on Willpower, Despite Evidence It’s Genetic by Gina Kolata.
"Obama Officials Work Against Time to Wrap Banking Rules" U.S. officials are striving to put finishing touches on a slew of banking rules before President Barack Obama leaves office and hands regulatory power to Donald Trump who has vowed to rewrite the existing financial rule book. President-elect Trump will take over on Jan. 20 and […]
Right after the election, Jeff Sovern wrote for this blog on the future (if any) of the Consumer Financial Protection Bureau under a new President (and a Congress controlled by the President's party). There's been a lot written on the topic in just the last few days, and I know it's something our readers are interested in. […]
This article in the New York Times discusses the increasing role of the cell phone number as a key personal identifier and source of credit-related information. Should it receive privacy protection comparable to the Social Security Number?
Sad news. Times obituary here.