Here, by Annie Nova. Here’s a table from the article with some numbers. SAVE is the program that’s essentially ending on August 1; IBR is an alternative that borrowers can enroll in. Estimated monthly student loan payments by income bracket Income-Based Repayment (IBR) vs. SAVE The table shows the changes in monthly payments for student […]
According to American Banker’s Claire Williams, in an article headlined Republicans gear up for Dodd-Frank rollback, Democratic Representative Gregory Meeks said during a hearing yesterday “that he would be open to the idea of a bipartisan commission at the CFPB.” But President Trump claims the right to fire Democratic commissioners on so-called bipartisan commissions, even […]
. . . that will include discussion of the consumer finance industry. Speakers will include several law professors. Ballard Spahr is conducting the webinar. Register here.
Here. The article makes it look like the administration is dedicated to keeping federal employees from working. So much for the promise to eliminate fraud, waste and abuse. Some excerpts: * * * Employees are reluctant even to talk to one another, out of fear that a conversation between two employees would be considered a […]
A Texas district court, in response to a joint request from the Consumer Financial Protection Bureau and trade industry associations, just vacated the bureau’s own rule that had prohibited most medical debt on credit reports. The Biden-era CFPB finalized a rule in January to ban medical bills on credit reports and to prohibit lenders from […]
By Maureen Tkacik and James Baratta, it’s captioned Hardly Workin’. It covers a lot of ground, but here’s one excerpt: In the meantime, formal entries into the CFPB’s consumer complaints database have soared, suggesting that the business of junk fees, predatory terms, and routine swindles is booming just as loudly as the Prospect has been predicting it would since […]
We received the following call for abstracts (apologies for the formatting issues): We are pleased to announce the Eighth Annual Consumer Law Scholars Conference will be held in Berkeley on Thursday and Friday, March 5-6, 2026! Please save the date! The purpose of the CLSC is to support in-progress scholarship, foster a community of consumer […]
The Eighth Circuit Court of Appeals yesterday nullified the Federal Trade Commission’s Click-to-Cancel rule. The rule addressed unfair and deceptive practices in subscriptions (or negative options marketing). The FTC aimed to remove misrepresentations in subscription practices and to generally make canceling subscriptions as easy as it is to sign up for them. In reversing the […]
At Ballard Spahr’s Consumer Finance Monitor Podcast.
Seth Frotman & Tara Mikkilineni have written The Trump Administration Wants to Reboot Redlining at the Harvard Journal of Law & Technology’s Jolt Digest. Here’s an excerpt: [T] he Vought CFPB[] . . . . has quietly made a series of moves that would enable an unholy alliance of Big Tech and financial institutions to digitally […]