This Congressional Budget Office cost estimate of the republicans' proposed repeal-and-replace of the Affordable Care Act — the health care "reform" law championed by Speaker Paul Ryan — finds that 14 million people will lose their health insurance in the year following enactment. Another 10 million people will lose their health insurance by 2026. Read this article by Dan […]
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Volkswagen has pleaded guilty to three felonies and agreed to pay some fines in connection with its emissions cheating. A few stories on the plea deal are here, here, and here.
In connection with the health care legislation moving through the House of representatives, Stat News reports: A little-noticed bill moving through Congress would allow companies to require employees to undergo genetic testing or risk paying a penalty of thousands of dollars, and would let employers see that genetic and other health information. Giving employers such power is […]
The Hill reports: "The Senate is taking a hammer to a pair of Obama-era education rules. Senators voted 50-49 on Thursday to roll back a regulation that placed tougher accountability measures on schools. The rule detailed how public schools must carry out laws meant to ensure they are meeting the needs of all students. Republicans […]
The Consumer Financial Protection Bureau has announced plans to delay the effective date of its prepaid card rule for six months, to April 1, 2018. The CFPB's press release stated: "The CFPB’s prepaid accounts rule will provide strong consumer protections and we want the rule to become effective as soon as possible. However, through our […]
This article by Kimberly Kindy discusses the basics of two bills that recently passed the House of Representatives concerning the state-law tort system and a class-action bill that would go beyond the Class Action Fairness Act of 2005 and move more class actions from state court to federal court. Both bills operate by imposing federal law […]
by Jeff Sovern The American Banker article is headlined Trump discussed Cordray's future in community bank meeting (free content). Excerpt: At one point, Trump expressed to the group that many had urged him to oust Cordray, but the president was not sure it was worth the political backlash. But Trump was apparently under the impression that […]
A March 2017 report by the Consumer Financial Protection Bureau sets out serious problems uncovered by examinations at the Big Three consumer reporting companies (Experian, TransUnion, and Equifax) and details significant new reforms that these companies must implement to protect consumers. This article by National Consumer Law Center staff attorney Chi Chi Wu walks through […]