And would correcting these inefficiencies reduce income and wealth inequality? Read Consumer Law As Tax Alternative by Rory Van Loo to try to find out. Here's the abstract: The law and economics paradigm has traditionally emphasized tax and transfer as the best way to achieve distributional goals. This Article explores an alternative. Well-designed consumer laws—defined as the […]
by Jeff Sovern Last May, President Trump appointed bank lawyer Keith Norieka as interim head of the Office of the Comptroller of the Currency. Now that the full-time Comptroller has taken office, Norieka is returning to his firm "where he’ll consult large domestic and international banks on precisely the issues handled by the agency he […]
That's the title of this opinion piece in the American Banker by William D. Gunter, former U.S. congressman and a former Florida state treasurer and insurance commissioner.
by Paul Alan Levy After the Freehold Animal Hospital botched the neutering of a consumer’s dog, requiring the consumer to pay thousands of dollars for corrective surgery by a different hospital, the animal hospital agreed to refund the cost of its services as well as covering the expense of the corrective surgery, but only if […]
Senator Elizabeth Warren on Friday sent a letter addressed to Mick Mulvaney, as Director of the Office of Management and Budget, and Leandra English, as Acting Director of the Consumer Financial Protection Bureau, expressing concern about Mulvaney's decision to freeze the collection of consumer data by the CFPB. On December 4th, citing concerns by the […]
The Hill reports that Nebraska is the first Republican-controlled state to launch its own attempt to save net neutrality rules. On Friday, state Sen. Adam Morfeld (D) introduced legislation in the state legislature to enshrine net neutrality regulations in law on the state level. Morfeld’s bill would keep broadband providers like AT&T and Comcast from […]
The report comes from Allied Progress. Excerpt: Just before the holiday break, Consumer Financial Protection Bureau (CFPB) “Acting Director” Mick Mulvaney announced that several of his senior staff from the Office of Management and Budget (OMB) would be taking on leadership roles at the CFPB. That list included his chief of staff Emma Doyle. What […]
by Jeff Sovern A fitting honor for John "Andy" Spanogle, whom I have come to know as co-author of our consumer law casebook.
by Jeff Sovern The new chief of staff for the CFPB will be Kirsten Sutton Mork, a longtime aide for House Financial Services Chair Jeb Hensarling, according to Mr. Hensarling. Chief of staff is the position formerly held by Leandra English, who is locked in a battle with Mulvaney to be acting director of the Bureau. […]