Jonathan Gruber, an MIT econ prof and a key parent of Romneycare and the Affordable Care Act, has written Trump says Obamacare is broken. He’s the one who broke it. Here's an excerpt: What supporters of [Trumpcare] are not admitting, however, is that the ACA’s current failings are due to the misguided policies of Republicans and particularly the […]
I thought our readers might be interested in why conservative Andrew Sullivan believes that Trumpcare Destroys Any Notion That American Conservatism Gives A Damn.
by Jeff Sovern It's for an arbitration symposium at Rutgers and is available for download here. I would love to hear comments! Here's the abstract: In September 2016, regulators charged Wells Fargo with opening millions of unauthorized accounts on behalf of its customers. When some of those customers filed class actions against Wells, the bank initially […]
Sarah Light has written about the concept of Advisory Nonpreemption, using regulation of driverless cars as an example. Here's the abstract: We are living in an era of dramatic and unpredictable technological and business innovation. Federal agencies have been at the forefront of updating substantive legal rules to meet new challenges not originally contemplated by Congress. […]
Report here. Excerpt: One of Jiménez’s biggest undertakings to date is the Financial Distress Research Project, an initiative she supervises with James Greiner and Lois Lupica, law professors at Harvard and the University of Maine law schools respectively. The goal of the enterprise – a signature project of the Access to Justice Lab at Harvard […]
The HIll report is here. Excerpt: The CHOICE Act also places major restraints on the Consumer Financial Protection Bureau (CFPB), an agency created by Dodd-Frank that the GOP has long called unaccountable, abusive and redundant. The bill renames the CFPB the Consumer Law Enforcement Agency and reduces its power to enforce pre-existing consumer protection laws. […]
Here. Excerpt from Senator Warren's statement: I am deeply concerned by the Administration's decision to remove an experienced, independent regulator like Comptroller Curry and replace him with a career bank lawyer.
The report about tonight is here while the report about tomorrow is here. In either case, it's soon. Not surprisingly, in light of the makeup of the Committee, CFPB supporters' proposals are being rejected.
by Jeff Sovern Rohit Chopra senior fellow at the Consumer Federation of America and formerly student loan ombudsman at the CFPB, testified last week on the Choice Act and listed a few of student loan cases that could not have been brought under the Choice Act. Here is his list: While many know of Wells Fargo’s […]
Consumer Reports announced today that Jessica Rich, former director of the Federal Trade Commission’s Bureau of Consumer Protection, has joined the organization as Vice President of Consumer Policy and Mobilization. Consumer Reports' press release is here.