Brooklyn's David Reiss has written an op-ed for The Hill, Americans are better off with consumer protection in place. Excerpt: [T]he [Treasury] report argues that the bureau’s jurisdiction overlaps with that of other regulators. That is a red herring. The fact is that abusive lending practices were rampant in the years leading up to the […]
Here. It might even happen by the end of this year. Excerpt: "Creditors should be responsible since they are our customers," said Dong Hong, vice president and senior counsel at the Consumer Bankers Association. "For the most part, we're fine with the disclosure regime the CFPB is creating.
Here. She discusses the CFPB, among other things.
Another important story from Jessica Silver-Greenberg & Michael Corkery here. I can't do justice to it with a brief excerpt, but see if this makes you want to read the whole piece (which you should): More than a decade after Yvette Harris’s 1997 Mitsubishi was repossessed, she is still paying off her car loan. She […]
I'm guessing that a lot of our readers already know about this. But if you don't, read about it here in Amy Howe's post at scotusblog. Here's an excerpt from her post: It is rare for the Office of the Solicitor General to change its position in a case before the Supreme Court after a change in […]
Mariateresa Maggiolino of Bocconi University has written Personalized Prices in European Competition Law. Here is the abstract: The advent of big data analysis techniques make personalized prices possible. This paper sketches a preliminary picture of this new phenomenon, first explaining how personalized prices flow from big data analysis, how personalized prices fit into the economic […]
That's David Leonhardt's position in this column. Here's how it starts: The Republican health care bill now sneaking its way through the Senate has a good chance of becoming law, even though it would do miserable damage. And it has a good chance partly because some of the bill’s most influential opponents have not had the […]
Here. Excerpt: [T]he CRA only covers banks, not nonbank financial firms. That leads to an uneven playing field, said Jeffrey Naimon, a BuckleySandler LLP partner. "Banks are asking why should a national nonbank mortgage lender have no CRA but a bank have a CRA requirement?" he said. The National Community Reinvestment Coalition said it is […]
Reuters covers it here, and housing Wire here. Both stories refer to a five-page letter from the Director. According to the Reuters' story: The [Committee staff] report said the CFPB had been an ineffective watchdog against Wells Fargo & Co, missing extensive improper sales practices and taking action only after work on the bank's unauthorized […]
Go here to read the op-ed by law prof. Eric Segall, A couple questions for our readers: Would you have liked to watch the argument in the Fair Debt Collection Act just decided by the Supreme Court, Henson v. Santandar Consumer USA, live on the Internet? Would you like to watch it now? Well, you couldn't watch […]