Here.
Here (behind paywall). Excerpt: "* * * Director Cordray has been reluctant to issue a final arbitration rule, is because I think he realizes that there is a very high likelihood of it being overridden," said Alan Kaplinsky, a partner at the law firm Ballard Spahr. * * * It's also not a guarantee that […]
The Business Roundtable, an association of CEOs, sent President Trump yesterday a list of rules it wants delayed, altered or repealed. Prominent among the rules listed are protections for workers and the environment, along with the net neutrality rule and some Affordable Care Act rules. The list is available here. USA Today has the story.
The Federal Trade Commission and the Maine Office of the Attorney General announced three settlements with dietary supplement marketers who allegedly used radio infomercials deceptively formatted as talk shows and print ads featuring fictitious endorsers to advertise supplements purporting to improve memory and to reduce back and joint pain. The three court orders resolving charges […]
by Jeff Sovern At Real Clear Politics, by George Masonites Hester Pierce and Vera Soliman. The arguments (with my editorializing on some points) are that the Bureau's payday lending rule would put some such lenders out of business (would those be the lenders that ensnare consumers in a never-ending debt trap?), that the Bureau collects […]
There's a lot out there that you've no doubt read about the difficulties for Republicans in actually repealing the Affordable Care Act. Surprise, surprise: It's not as easy as saying "Public Law 111-148, as amended, is hereby repealed." (Gotta have that "hereby.") One problem (among many): People may not like "Obamacare" in the abstract — […]
by Jeff Sovern In the Dallas Morning News. Here are some more quotes from the article: Hensarling bemoaned that the bureau gets to be a "cop on a beat, a judge and its own Congress." * * * He said the bureau has led to higher bank fees, fewer banking options and more difficulty in […]
That is the name of this article by law prof David Reiss. (Jeff had posted earlier on Reiss's views on this topic.) Here is the abstract: U.S. Supreme Court nominee Judge Neil Gorsuch would have an outsized influence on federal consumer protection enforcement if he is confirmed. In particular, if PHH v. Consumer Financial Protection Bureau, 839 F.3d 1 […]
The Washington Post reports today: Wells Fargo announced Tuesday that it had fired four executives as its board of directors nears completion of its investigations into sham accounts set up by employees to allegedly meet sales quotas. The four executives come from the megabank’s community banking division. They will not receive 2016 bonuses and will […]
Here. Excerpt: They can figure out when you leave town and see where you parked your car. They can see how many times you went to the grocery store or the health clinic. Auto loans to Americans with poor credit have been booming, and many finance companies, credit unions and auto dealers are using technologies […]