The Consumer Financial Protection Bureau (CFPB) today proposed new debt-collection regulations described by the agency here. The agency's press release summarizes the proposal's key provisions this way: Collect the correct debt: Collectors would have to scrub their files and substantiate the debt before contacting consumers. For example, collectors would have to confirm that they have sufficient […]
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In this short essay (subscription possibly required), public-interest lawyer Arthur Bryant explains why he thinks the Supreme Court's decision in Spokeo v. Robins is good news for consumers seeking to enforce their rights to statutory damages.
The Hill reports that the chairman of the Federal Communications Commission on Friday told phone companies that they should start providing free technology for their customers to block robocalls and spam texts. Last year, The Hill explains, the FCC told wireless carriers that they could provide robocall-blocking technology said without running afoul of any rules. […]
Time has this article, reporting that the Consumer Financial Protection Bureau "has reshaped the mortgage market and issued hefty penalties. But there is much to be done."
A Washington Post story today, entitled "Did your college mislead you about job prospects? It might become far easier to have your loans forgiven," explains: A little-known rule called Borrower Defense to Repayment, which is making its way through the regulatory process in Washington, initially was aimed at cracking down on the fraudulent behavior of […]
This article by Steven Mufson explains that "the fuel efficiency standards championed by President Obama in 2012 will fall short of the 54.5-miles-per-gallon 2025 target the administration set because consumers are buying more pickup trucks, vans and sports utility vehicles than expected, according to a new technical assessment report by the Environmental Protection Agency and the […]
This short article by Gayatri Rao, the Food and Drug Administration's director of Orphan Products Development, explains that, in recent years, drug companies have been filing many more "orphan drug" applications than they used to. Orphan drugs are drugs aimed at treating people with rare diseases. Drug companies sometimes say that it's too costly for them […]
July 15, 2016 – District Court Enters Permanent Injunction Against Minnesota Food Manufacturer and Company’s Managers to Prevent Distribution of Adulterated Food Products July 12, 2016 – Residents of Three States Charged with Unlawful Sale of Dietary Supplements July 11, 2016 – Southern California Man Pleads Guilty for His Role as Sales Manager in Fraudulent […]
The Consumer Financial Protection Bureau announced yesterday that it has ordered Santander Bank, N.A. to pay a $10 million fine for illegal overdraft service practices. Santander’s telemarketing vendor deceptively marketed the overdraft service and signed certain bank customers up for the service without their consent. In addition to paying the civil money penalty to the […]
The Hill reports on the new federal GMO-labeling bill, which has drawn praise and criticism. A bill to create a federal labeling standard for foods with genetically modified ingredients and block states from issuing their own laws sailed through the House on Thursday. The bill, which passed by a 306 to 117 vote, directs the […]