Here (behind paywall). The information ultimately comes from the Department of Education.
Shady auto dealer practices take center stage in the Federal Trade Commission’s latest report on its 2022 enforcement activities related to fair lending. Each year, the FTC submits a letter to the Consumer Financial Protection Bureau recounting actions it took tied to the Equal Credit Opportunity Act, a law to combat discrimination in lending. Last […]
The Consumer Financial Protection Bureau has released a report examining trends in credit reporting of debt in collections from 2018 to 2022. The report finds that the total number of collections tradelines on credit reports declined by 33%, from 261 million tradelines in 2018 to 175 million tradelines in 2022. The share of consumers with […]
The Department of Energy has proposed new energy efficiency standards for washing machines and refrigerators. Slated to go into effect in 2027, the standards would reduce carbon emissions and save consumers money. DOE’s press release is here. The proposals are here and here.
R Wilson Freyermuth of the University of Missouri at Columbia, Christopher K. Odinet of Iowa, and Andrea Tosato of the University of Nottingham, School of Law and Penn have written Predatory Crypto in Real Estate. Here is the abstract: Blockchain and cryptocurrencies have ushered in a digital gold rush. But all that glitters is not gold. […]
The National Consumer Law center has announced that Shennan Kavanagh, currently the Chief of the Consumer Protection Division of the Massachusetts Attorney General’s Office, will be joining NCLC as its next Director of Litigation. Shennan will start next week and will work throughout 2023 alongside Stuart Rossman, NCLC’s longtime Director of Litigation, whom she will […]
Here is the section on consumer protection in President Biden’s speech: My administration is also taking on “junk” fees, those hidden surcharges too many businesses use to make you pay more. For example, we’re making airlines show you the full ticket price upfront and refund your money if your flight is cancelled or delayed. We’ve […]
The Consumer Financial Protection Bureau has issued “an advisory opinion to protect Americans from double dealing on digital mortgage comparison-shopping platforms. Companies operating these digital platforms appear to shoppers as if they provide objective lender comparisons, but may illegally refer people to only those lenders paying referral fees. When shoppers use a lender that is […]
The Federal Trade Commission has taken its first enforcement action under its Health Breach Notification Rule, The action, filed against the telehealth and prescription drug discount provider GoodRx Holdings Inc., alleges that the company failed to notify consumers and others of its unauthorized disclosures of consumers’ personal health information to Facebook, Google, and other companies. […]
After receiving consumer complaints about its use of pre-checked recurring-donation checkboxes, the Minnesota Attorney General sent subpoenas and a civil investigative demand to WinRed, a so-called “conduit” political action committee (PAC). WinRed sought a preliminary injunction against the investigation in federal district court, arguing that Minnesota’s consumer protection laws were preempted by the Federal Election […]