In the Dallas Morning News. The headline is Texans need to tell Ted Cruz and Jeb Hensarling to keep the Consumer Financial Protection Bureau. This is an excellent op-ed and could serve as a template for use in drafting op-eds for other states. Excerpt: Thanks to the bureau, Texas-based EZCORP had to stop illegally collecting debts […]
That's the name of this press report by Hiroko Tabuchi and Neal Boudette. An excerpt: At least four automakers knew for years that Takata’s airbags were dangerous and could rupture violently but continued to use those airbags in their vehicles to save on costs, lawyers representing victims of the defect asserted . . . . The Justice […]
That's the topic of Administrative Law Enforcement, Warnings, and Transparency by Delcianna Winders. Here is the abstract: Warnings are one of the primary ways that agencies enforce their regulations. Yet there is virtually no scholarship interrogating the role that warnings play in an agency’s arsenal. Are they effective in motivating compliance? If so, under what circumstances? Is […]
That's the name of this article by consumer journalist Michael Hiltzik. Here's an excerpt: [Trump's pick to run the Centers for Medicare and Medicaid Services Seema] Verma demonstrated either utter ignorance about how health insurance works, or such desperation for this job that she’s willing to profess ignorance and paper it over with conservative shibboleths about “individual choice” and […]
Here (behind paywall). House Financial Services Committee Chair Jeb Hensarling says the Financial Choice Act will be reintroduced in the "weeks to come" (which is already later than some earlier statements had it); the Senate Banking Committee still has presidential nominations to consider; both Houses face deadlines on some matters, such as the expiration of […]
Here. Excerpt: In the wake of the recent election, the mind-boggling possibility of a return to the pre-crisis world of 2008 is now a real threat. That is precisely what would happen if Congress and the incoming Administration forget why the Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted and what the Consumer […]
Read this piece by Michele Singletary, which explains that, "[i]n a preemptive move, Democrats, consumer groups and civil rights leaders have been mobilizing to defend the head of the federal consumer watchdog agency should President Trump try to fire him."
That's the title of this story by the AP's J. Scott Applewhite. Here's an excerpt (which includes a reference to a leaked "Governors only" report I posted about yesterday): The warning signs are becoming inescapable for Republicans: Their most likely Obamacare replacement plans are getting terrible estimates on how many people they'll cover. Republicans have been pretty open that […]
Building on Jeff Sovern's review of James Kwak's book, Economism: Bad Economics and the Rise of Inequality, on this blog, law prof Pamela Foohey at Credits Slips takes a look at what she views as a book with a similar message: Cathy O'Neil's Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy. Foohey says that O'Neil […]
The WSJ recently published Companies Seek to Sway Trump Administration on FTC Choice (behind pay wall) about who the next FTC chair will be. Google's rivals want Utah AG Sean Reyes, while acting chair Maureen Ohlhausen remains a possibility. Commissioner Ohlhausen is seen as more accommodating to Google because of an earlier antitrust decision in which she […]