The Consumer Financial Protection Bureau explains in this blog post.
That's the name of this article by Nelson Schwartz. It describes the concierge doctors and high-frills medical care available, without significant wait times, to very wealthy people willing to pay steep prices. It contrasts that with what the non-rich get. (For instance, wait times for doctor appointments have been going up in recent years in most places.)
That's the topic of Fighting Fines & Fees: Borrowing from Consumer Law to Combat Criminal Justice Debt Abuses by law prof Neil Sobol. Here is the abstract: Although media and academic sources often describe mass incarceration as the primary challenge facing the American criminal justice system, the imposition of criminal justice debt may be a more pervasive […]
Here. Excerpt: On June 7, a Utah judge will decide whether more than 50 consumers defrauded by banking giant Wells Fargo in its fake account scandal will be forced to pursue claims one by one in a secret arbitration system. Even as the bank’s PR machine loudly trumpets a focus on restoring consumer trust, Wells […]
The House Rules Committee voted to permit House consideration last night. The Hill story is here. Excerpt: The House Rules Committee on Tuesday night cleared for a vote on the House floor a Republican effort to strip much of the Dodd-Frank Act. The powerful panel — the last stop for every bill considered by the […]
The OCC regulates national banks and has some power over consumer protection issues. The Financial Times has the story here. Excerpt: If confirmed by the Senate, Mr Otting is likely to be “a reliable ally” for Mr Mnuchin and “a steady proponent for bank deregulation”, said Isaac Boltansky, analyst at Compass Point in Washington.
Here, in The Hill. Quick served as senior counsel to the Senate Banking Committee and senior attorney for OCC. Excerpt: Trump is well on his way to effecting change in financial regulation through his appointments, and Congress appears poised to stall new financial regulation through changes to the rulemaking process, most significantly through the Regulatory Accountability […]
The Federal Trade Commission announced today that, in a case filed by it and the Florida Office of the Attorney General, a federal district court judge has entered eight orders against an intertwined web of Orlando-based individuals and companies that bombarded consumers with illegal robocalls from “Card Member Services,” pitching worthless credit card interest rate […]
Politico reports today that the Department of Education is considering delaying two rules that are scheduled to go into effect on July 1 — the borrower defense rule, which concerns student loans, and the gainful employment rules, which cuts off federal funding for for-profit colleges that provide students with more debt than benefit. The article […]
Andrea Freeman of Hawai'i has written Racism in the Credit Card Industry, 95 North Carolina Law Review 1071 (2017). Here's the abstract: In a social and financial climate characterized by deep racial and socioeconomic divide, racism against credit card applicants and consumers is a core piece of the systemic inequality that perpetuates dramatic disparities in wealth, […]