Here. It doesn't mean there won't be targeted loan forgiveness or changes in the IDR program, but so far, it looks as if widespread cancellation (e.g., $50,000 per borrower is not something the president is pushing).
Here. Dayen paints Chopra as someone who finds ways to get positive things done through hard work and imaginative use of agency powers. How does the industry react to this? Here is one paragraph: Financial firms didn’t want to see anyone rousing the machinery of the federal government, and they groused about Chopra to anyone and everyone. […]
Consumer Reports writes that consumers may "be surprised by some of the clauses in terms of service and end-user license agreements …. A number of them are odd but relatively harmless. [A zombies clause?] In other cases, these agreements try to take away important consumer rights." The article is here.
Lauren Henry Scholz of Florida State has written Private Rights of Action in Privacy Law, William & Mary Law Review, Forthcoming. Here's the abstract: Many privacy advocates assume that the key to providing individuals with more privacy protection is strengthening the power government has to directly sanction actors that hurt the privacy interests of citizens. This […]
The Home Mortgage Disclosure Act Modified Loan Application Register data for 2021 are now available on the Federal Financial Institutions Examination Council’s HMDA Platform for approximately 4,316 HMDA filers. The published data contain loan-level information filed by financial institutions, modified to protect consumer privacy.
The Consumer Financial Protection Bureau had issued policy guidance regarding potentially illegal practices related to consumer reviews. "The CFPB seeks to ensure that customers can write reviews, particularly ones posted online, about financial products and services that accurately reflect their opinions and experiences. The guidance also highlights that practices such as posting fake reviews or […]
by Jeff Sovern Jack Hoover, a 3L at Virginia, has written Standing and Student Loan Cancellation, 108 Va. L. Rev. Online (Forthcoming 2022). Here's the abstract: As the public policy debate over broad student loan cancellation continues, many have questioned whether the Executive branch has the legal authority to waive the federal government’s claim to […]
Nydia Remolina of Singapore Management University – Centre for AI & Data Governance has written The Role of Financial Regulators in the Governance of Algorithmic Credit Scoring. Here’s the abstract: The use of algorithmic credit scoring presents opportunities and challenges for lenders, regulators, and consumers. This paper provides an analysis of the perils of the […]
A Federal Trade Commission report on e-cigarette products “paints a disturbing picture of surging e-cigarette sales and advertising that are likely to damage the health of America’s youth.” The FTC found that “flavored cartridges, nicotine concentration, and deep discounting surged between 2015 and 2018, likely fueling increased underage consumption.” The report, which is based on […]
Loyola Consumer Law Review is holding a symposium titled: Consumer Protection in the Online Ecosystem *Friday, April 1, 2022, 9:00 a.m. – 2:30 p.m. (CT), Via Zoom Here is announcement: Please join Loyola University Chicago School of Law’s Consumer Law Review for its annual symposium on April 1, 2022. This year’s symposium will focus on […]