December 15, 2017
People’s Credit Union v. Trump
Twenty-one consumer finance regulation scholars (including yours truly) filed an amicus brief in Lower East Side People’s Federal Credit Union v. Trump, No. 1:17-cv-09536 (SDNY Dec. 14, 2017). The Summary of the Argument reads as follows: The orderly succession of … Continue reading
December 15, 2017 in CFPB | Permalink | No Comments
December 1, 2017
Mooting The CFPB Constitutional Challenge
Law360 quoted me in DC Circ. May Skip CFPB Fight After Cordray’s Exit. It opens, The legal battle over who will temporarily lead the Consumer Financial Protection Bureau comes as the D.C. Circuit is considering whether the bureau’s structure is constitutional, and experts … Continue reading
December 1, 2017 in CFPB | Permalink | No Comments
November 22, 2017
No Can Sue
US News & World Report quoted me in Washington Has Made It Harder for You to Sue Your Credit Card Company. What Now? It reads, in part, On Nov. 1, President Donald Trump signed a congressional resolution that can make it … Continue reading
November 22, 2017 in CFPB | Permalink | No Comments
November 16, 2017
Thank You, Director Cordray
Richard Cordray has announced that he will be stepping down as Director of the Consumer Financial Protection Bureau. He has been a lightning rod for critics of the Bureau. Those of us who believe that predatory behavior was endemic in … Continue reading
November 16, 2017 in CFPB | Permalink | No Comments
October 31, 2017
Relegating Consumer Protection To The Shadows
The Department of the Treasury released its report on Asset Management and Insurance, which follows on the heels of its report on the capital markets. The latest report calls for replacing the term “shadow banking” with “market based finance.” (63) The … Continue reading
October 31, 2017 in CFPB | Permalink | No Comments
October 24, 2017
Arbitration Rule Hit Job
The department of the Treasury issued a report, Limiting Consumer Choice, Expanding Costly Litigation: An Analysis of the CFPB Arbitration Rule. The report is a hit job on the Consumer Financial Protection Bureau’s new Arbitration Rule. The Arbitration Rule prohibits … Continue reading
October 24, 2017 in CFPB | Permalink | No Comments
October 5, 2017
Evolution of the CFPB?
The Mortgage Bankers Association has issued a white paper, CFPB 2.0: Advancing Consumer Protection. The Executive Summary reads, in part, In its first years, the Bureau’s regulatory expertise was largely consumed by the need to meet deadlines on specific rules … Continue reading
October 5, 2017 in CFPB | Permalink | No Comments
