…is the subject of a recent article from FiveThirtyEight, which explains how the middle class has shrunk over the past 45 years and where those formerly in the middle class have gone (economically speaking). And where have they gone? More Americans are now either at the extremes of wealth or poverty than in the middle (defined as […]
The Wall Street Journal reports today on the enforcement actions taken yesterday by the Consumer Financial Protection Bureau and puts them in context of CFPB's upcoming payday lending regulation. The article is here. (Subscription may be required.)
The New York Times explains, with maps.
The controversial Turing Pharmaceuticals CEO was arrested today for wire and securities fraud. The New York Times explains succinctly why Skhreli has become symbolic of what's wrong in the industry: Mr. Shkreli has emerged as a symbol of pharmaceutical greed for acquiring a decades-old drug used to treat an infection that can be devastating for babies […]
The Consumer Financial Protection Bureau today took separate actions against a company and an individual that resold sensitive personal data to lenders and debt collectors, allegedly exposing millions of consumers to harassment and deceit. In a complaint filed in federal court, the CFPB alleged that T3Leads bought and sold personal information from payday and installment […]
The Federal Trade Commission today announced a settlement providing for the largest monetary award ever obtained by the FTC in an order enforcement action: LifeLock will pay $100 million to settle contempt charges that it violated a 2010 federal court order that requires the company to secure consumers’ personal information and prohibits the company from […]
A series of pieces in a SCOTUSBlog symposium consider various aspects of the pending religious challenge to Obamacare's conception mandate, which we've previously covered here and here. Later this term, the Supreme Court will hear seven cases on this subject known together by the name of the lead case, Zubik v. Burwell. The question is whether the Affordable […]
by Paul Alan Levy The Internet of Things and the world of smart devices has been heralded by industry giants like Philips for the conveniences that it provides for consumers, while allowing companies the “freedom to innovate,” but privacy advocates have long warned about the capabilities that such systems have to invade consumer privacy. But […]
The Washington Post explains how an employee who works in Maryland asserting rights under Maryland law in a Maryland court might be out of luck: his contract with his employer says that Georgia law applies. It's getting easier for companies to stick choice of law provisions into contractual fine print and thereby pick the state […]
In a report released last week, Public Citizen documents how the Chamber is trying to thwart the work of the CFPB in areas such as credit card regulation and protecting service members from predatory lending. Read the report, "Undermining the CFPB," here.