January 6, 2015
Reiss on Payday Lending Regs
CRM Buyer quoted me in CFPB May Rein In Payday Lending. The story opens, The Consumer Financial Protection Bureau is considering various approaches to reforming the payday loan industry, The Wall Street Journal reported on Sunday. The bureau is concerned … Continue reading
January 6, 2015 in CFPB | Permalink | No Comments
December 22, 2014
Catalyzing Savings
The Consumer Financial Protection Bureau has announced a Project Catalyst Pilot to Promote Regular Saving Behavior Among Prepaid Card Users.The pilot involves an American Express product, a prepaid card with a saving feature. The CFPB’s research study associated with this … Continue reading
December 22, 2014 in CFPB | Permalink | No Comments
December 20, 2014
Reiss on Cramming
E-Commerce Times quoted me in Feds Pounce on Sprint for Phone Bill Cramming. It opens, The United States government is delivering a one-two punch to Sprint over the practice of cramming — allowing third parties to place unauthorized charges on … Continue reading
December 20, 2014 in CFPB | Permalink | No Comments
December 16, 2014
Lederman, Rahman & Reiss on CFPB No-Action Policy
Jeff Lederman, Sabeel Rahman and I submitted a comment on the Consumer Financial Protection Bureau’s proposed policy on No-Action Letters. Basically, This is a comment on the Consumer Financial Protection Bureau’s (the “Bureau”) proposed Policy on No-Action Letters (the “Policy”). … Continue reading
December 16, 2014 in CFPB | Permalink | No Comments
December 8, 2014
Solving Complexity in Consumer Credit
Kathleen Engel posted Can Consumer Law Solve the Problem of Complexity in U.S. Consumer Credit Products? to SSRN. The abstract reads, People like to know and understand the total cost of credit products they are considering. They also like to … Continue reading
December 8, 2014 in CFPB | Permalink | No Comments
November 14, 2014
No Action on Financial Innovation?
The Consumer Financial Protection Bureau issued a Request for Comment on a proposed policy regarding No-Action Letters. Under the proposed policy, the Bureau could issue no-action letters (NALs) to specific applicants in instances involving innovative financial products or services that … Continue reading
November 14, 2014 in CFPB | Permalink | No Comments
November 13, 2014
Reiss on Privatization of Fannie and Freddie
BadCredit.org profiled an article of mine in Brooklaw Professor Pushes for Privatization of Fannie Mae/Freddie Mac. The profile opens, Since the end of the Great Recession, policymakers, academics and economists have been struggling with a very difficult question — what … Continue reading
November 13, 2014 in CFPB | Permalink | No Comments
