Here in the American Banker (behind a paywall but should be available on Lexis). The article includes some troubling observations, including that despite a Paoletta memo claiming that the Bureau under Trump will focus on consumer fraud, the dismissed cases include at least one case involving deceptive marketing. The article does mention some cases that […]
Oren Bar-Gill of Harvard, Omri Ben-Shahar of Chicago, and Florencia Marotta-Wurgler of NYU have written A Companion Guide to the Restatement of Consumer Contracts. Here’s the abstract: This short Essay, written by the Reporters of the recently published Restatement of Consumer Contracts, is intended as a companion to the Restatement. It highlights three areas, where the […]
Here. They will instead nominate McKernan for a position in Treasury.
From a piece I wrote (behind paywall but probably available soon on Lexis): Have you heard about the government agency led by a guy holding a chainsaw as he promises dramatic cuts in regulation? Think it’s a story about Elon Musk and the Department of Government Efficiency? It’s also about James Gilleran, leader of the […]
Charlotte Haendler of Southern Methodist University (SMU) – SMU Cox School of Business and Rawley Heimer of Arizona State University (ASU) – W.P. Carey School of Business have written The Hidden Costs of Financial Services: Consumer Complaints and Financial Restitution. Here’s the abstract: Financial disputes are a widespread but understudied feature of consumer financial markets. Using […]
So reports Katherine Hapgood in Politico. Other options are also on the table. I guess no funding would moot the question of whether McKernan will be confirmed as CFPB director. It sure would create a lot of problems.
James Baratta in The American Prospect has the story here. Because this would be adopted through the reconciliation process, the Senate could pass it through a simple majority.
Consumer Bankers Association so reports here. The dismissal is with prejudice. For a critique of the district court opinion holding that discrimination is not unfair, go here.
It seems inevitable that the president’s nominee to run the CFPB, Jonathan McKernan, will be confirmed. Not only has McKernan already been confirmed by the Senate for another position, FDIC director, but the Senate Banking Committee Republicans all voted to confirm him to the CFPB directorship. If there is any opposition to McKernan among Republicans, […]