Supreme Court May Undermine Consumer Rights
From today’s Politico News: Democrats who created the Consumer Financial Protection Bureau a decade ago thought they could shield the agency from political pressure by funding it through the Federal…
CFPB Employee Sent Consumer Data to Personal Email Account
From today’s Reuters News: A former employee at the U.S. Consumer Financial Protection Bureau (CFPB) sent confidential records relating to hundreds of thousands of consumers and several financial institutions to…
CFPB Launches New Way for Public to Petition the Agency for Action
From today’s Consumer Financial Protection Bureau Press Release: The Consumer Financial Protection Bureau (CFPB) today made it easier for the public to meaningfully engage with the agency and request regulatory…
CFPB Finds That Income Share Agreements Are Credit Products
From today’s Mondaq News Online: On September 7, 2021, the CFPB announced that it had entered into a consent order with an education finance nonprofit (“nonprofit”) in connection with the nonprofit’s offering…
CFPB, muzzled under Trump, prepares to renew tough industry oversight
From today’s Philadelphia Inquirer: The Consumer Financial Protection Bureau, the watchdog created after the 2008 financial meltdown and largely muzzled in the Trump era, is poised to start barking again.…
SCOTUS could upend consumer financial protection as we know it
From today’s CNBC News Online: A case before the Supreme Court has the power dramatically to reshape how the U.S. government polices financial fraud and other misdeeds against consumers —…
The Consumer Bureau’s Reckless Plan for Debt Collection
From today’s Wired Magazine: WE LEARN IN email 101 that hyperlinks from unfamiliar senders are breeding grounds for scams. Microsoft has warned against clicking on foreign links for decades. The Federal…
Federal consumer agency hires exec in complaint-ridden Pa. firm as watchdog
From today’s Philadelphia Inquirer: So far this year, more than 1,000 student borrowers have complained to the Consumer Financial Protection Bureau (CFPB) in Washington about the practices of an obscure…
Clarence Thomas Voted With Liberals in a Big Consumer Rights Case. Why?
From today’s Slate Magazine: On Tuesday, the Supreme Court issued a surprising 5–4 decision in Home Depot v. Jacksonthat progressive advocates view as a win for consumers and class actions. The…
Op-Ed: Consumer rights are worthless without enforcement by the state
From today’s San Francisco Chronicle: 57 years ago, President John F. Kennedy made an impassioned pitch for stronger consumer rights. “If consumers are offered inferior products, if prices are exorbitant,…