Here.
Here. Depressing excerpt: As director of the National Consumer Law Center’s Student Loan Borrower Assistance Project, Persis Yu spends her days doing pretty much exactly what her title implies — working on behalf of low-income student loan borrowers both helping them with their individual cases and advocating for laws and policies that would benefit them. […]
Here. Excerpt: [L]ast week’s appointment of the lawyer, Keith A. Noreika, to run the Office of the Comptroller of the Currency is unusual because it does not require him to sign the ethics pledge that President Trump is forcing on other appointees. * * * [T]he White House used an administrative quirk to appoint Mr. […]
Many of our readers have no doubt heard news reports of Trump's recent interview with The Economist. If you read this blog, you are probably interested in consumer policy, and, in turn, may be interested in economic policy. If so, read the interview. The interview goes beyond the Trump lies (or gross ignorance) that you've been reading […]
In October 2016, the Consumer Financial Protection Bureau issued a rule requiring greater disclosures for and imposing overdraft limits on prepaid cards, which are frequently used in place of paychecks by people without bank accounts. The timing made the rule eligible for Congress to repeal it under the Congressional Review Act, but lawmakers only had […]
Public Citizen and 25 other U.S. and international groups concerned with consumer rights and electronic privacy have sent a letter to Facebook asking it to release documents about whether it has collected and analyzed psychological information about its youthful users for marketing purposes. The claim that Facebook had engaged in such analysis and hyped it to […]
Congress could have blocked the rule using the Congressional Review Act, but the deadline for the Senate vote appears to be tomorrow and it looks like the Senate won't get to it, and that even if it did, it might not pass. Bloomberg and American Banker have reports. Here's an excerpt from the American Banker story: […]
That's the name of this article by law prof Daniel Hemel. Here's the abstract: Breaking from a decades-old norm of presidential tax transparency, Donald Trump has refused to make his federal income tax returns available for public inspection. Congressional leaders have blocked bipartisan legislation that would compel the President to disclose his returns. New York State, however, […]
The HIll has the story here. Chopra has a strong record of protecting consumers, having been the student loan ombudsman at the CFPB, and is currently at the Consumer Federation of America (we quoted him just last week). The FTC currently has two commissioners in place out of five, one from each major party, and cannot […]
The New York Times reports: The U.S. government's review of a landmark 2010 financial reform law will not be complete by early June as originally targeted, and officials will now report findings piece-by-piece, with priority given to banking regulations, sources familiar with the matter said on Monday. President Donald Trump has pledged to do a […]