by Jeff Sovern It's scheduled for February 8, 2017, from 12:00 pm to 1:00 pm ET. More information here. Alan Kaplinsky will moderate. Some of the questions we hope to address: * What might prevent Consumer Financial Protection Bureau (CFPB) Director Richard Cordray from serving out his full term which expires in July 2018 […]
by Jeff Sovern The article is called The Quiet GOP Campaign Against Government Regulation. The whole piece is worth reading, but here's an excerpt: The shorter and easier-to-read of the two bills is called the “Regulations from the Executive in Need of Scrutiny Act of 2017,” or REINS Act, which passed the House in early […]
by Jeff Sovern Here, in Morning Money. Excerpt: THE POLITICS of firing Cordray would be tough for Trump. He could argue that the CFPB is an unaccountable agency lead by a too-powerful single director. Banking groups, especially those representing smaller and midsize institutions, would be would be thrilled. But the CFPB polls pretty highly and […]
Under a settlement with the Federal Trade Commission and the State of Florida, the operators of an alleged student debt relief and credit repair scam will be banned from those lines of business. The stipulated final order resolves charges the FTC and the State of Florida brought in April 2016, against Chastity Valdes and her […]
The Federal Trade Commission has released Cross-Device Tracking: An FTC Staff Report that describes the technology used to track consumers across multiple Internet-connected devices, the benefits and challenges associated with it, and industry efforts to address those challenges. The report concludes by making recommendations to industry about how to apply traditional principles like transparency, choice, […]
Here, in The Intercept. Excerpt: “Did OneWest ‘robo-sign’ documents relating to foreclosures and evictions?” Sen. Bob Casey, D-Penn., asked [Treasury Secretary Nominee Steven] Mnuchin as a “question for the record”. Mnuchin replied that “OneWest Bank did not ‘robo-sign’ documents * * * [Dayan reports on] a 2011 consent order issued by the federal Office of […]
A statement appears on the FTC website here.
Here. Excerpt: Cordray, who has helmed the CFPB as its first and only director, said Tuesday that he has no intention of stepping down early, despite pressure from Republicans eager to overhaul the 5-year-old agency. “It really shouldn’t change the job at all,” said Cordray of Trump assuming power. “We have an independent mandate to […]
Here is a report from the N.J.L.J. Excerpt: The New Jersey Assembly has passed legislation that prohibits companies from inserting language in consumer contracts that requires arbitration of disputes in forums outside of the state. The Assembly, on Monday, approved the bill, A1515, in a 49-20 vote. The vote was split along party lines, with […]
by Paul Alan Levy During the 2016 election cycle, the slogan “Keep America Great” emerged as a counterweight to the Make America Great Again slogan on which candidate Donald Trump was campaigning. A fellow named Andreas Mueller tried to capitalize on that development by reserving the slogan as his own trademark. The Trademark Office, properly […]