Here. Excerpt: Wells Fargo’s opening of millions of phony accounts using the names of its customers was perhaps the most significant bank scandal to come to light since the financial crisis. But Hensarling’s Financial Choice Act, which passed the House Financial Services Committee, would have weakened federal regulators’ ability to publicize the scandal and punish […]
The non-partisan Committee for a Responsible Federal Budget has released this analysis of Trump's budget. Listed below are the Committee's five key findings. The first three seek simply to state what the Trump Administration says is coming, including the Administration's predictions of enormous economic and political success. The last two are the Committee's attempts to deal with […]
Over at PropertyProf Blog.
This article at Think Progress points to some worrisome waivers in the terms of service for the DNA testing service at Ancestry.com. Ancestry.com argues in response that the some of the concerns are overstated but that in any event it has revised its terms to meet some of the concerns.
The Consumerist has this article on recent and proposed changes to the Department of Education's student-loan program.
The FTC reports: At the request of the Federal Trade Commission and the State of Florida, a federal court has temporarily halted a massive phony debt relief operation that bilked tens of millions of dollars from financially strapped consumers, including the elderly and disabled. According to the FTC and Florida, Jeremy Lee Marcus, Craig Davis […]
Here. The whole article is worth reading, but here's an excerpt: Buried deep in President Donald Trump’s 2018 budget request to Congress—specifically, on page 158 out of 159 pages in the supplemental "Major Savings and Reforms" document—is a section headed “Restructure the Consumer Financial Protection Bureau.” It appears to be yet another Republican shot across […]
by Jeff Sovern We posted the first part of California-Irvine professor Leah Litman's take on the PHH case last week. Here is part two. Professor Litman offers a perspective on Humphrey's Exec, the Supreme Court case that held an independent agency–there, it was the Federal Trade Commission–was constitutional. I have wondered for some time how the […]
Consumer protection litigator Joel Winston wrote the article that prompted the fact check, and here is the fact check.
On Wednesday, the U.S. Court of Appeals for the D.C. Circuit will hear argument in a case challenging the constitutionality of the structure of the Consumer Financial Protection Bureau. The question is whether the provision of the Dodd-Frank Wall Street Reform Act that created the CFPB violates separation-of-powers principles because it provides that the CFPB […]