by Paul Alan Levy With the signature of Governor Terry McAuliffe having been added last week, Virginia has adopted a modest improvement to its very narrow anti-SLAPP statute. The new law, SB 1413, is not nearly as strong as in the anti-SLAPP laws in California and other model states, but it has something that we […]
The book is Meltdown: The Financial Crisis, Consumer Protection, and the Road Forward (Praeger 2017), by research economist Larry Kirsch and sociologist Greg Squires (George Washington University Sociology Department). Here's an abstract: Meltdown is the first book length account of the CFPB from its inception through 2015. With a foreword based on an interview with […]
That's the name of this article by Danielle Douglas-Gabriel. Some background: In mid-2015, the Court of Appeals for the Seventh Circuit held that student-loan guaranty agencies may not assess collection costs against borrowers who enter the federal government’s loan rehabilitation program within 60 days of defaulting on their loans. One of the two judges in the Seventh Circuit […]
That's the name of this opinion piece by Steven Schooner & Alan Morrison, two of the lawyers for the Cork Wine Bar in its unfair competition suit against Trump and his new hotel in D.C. (Subscription possibly required.) For more information about the suit, go to our original post about the suit. Here is an excerpt from […]
This article by Deirdre Fernandez explains why, according to the insurance industry, car insurance rates are on the rise: "Drivers distracted by their smartphones are crashing their cars more often, and those cars are now more expensive to repair because they’re loaded with sensors and devices." Some excerpts: TrueMotion is a Boston company that makes an […]
That is the name of this essay by consumer columnist Michelle Singletary. Here is an excerpt: When my siblings and I went to live with my grandmother, we were a sickly bunch. There were five of us. … I was 4. .. We were all undernourished. My brother Mitchell had seizures almost every night. He would lose […]
by Jeff Sovern I originally had a different title for this post in mind, but I didn't have the discipline to resist the one above. Not that anyone should have any doubts, but the CFPB director is not the executive the article refers to. Anyway, the House Financial Services Committee is having a hearing titled […]
by Jeff Sovern The Department of Justice has now filed its brief in PHH, arguing that the CFPB as created by the Dodd-Frank Act was unconstitutional because the statute did not give the president the power to fire the Bureau's director without cause, and that the appropriate remedy is the one selected by the original […]
The New York Times reports: Wells Fargo and its leaders have expressed much contrition about the bank’s misdeeds, which included setting up as many as 2 million bank accounts without customers’ consent. Top executives have surrendered more than $90 million in compensation, fired employees at all levels and vowed to clean house. But the top […]