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Allison Zieve
Allison Zieve is the director of Public Citizen Litigation Group and Public Citizen's Supreme Court Assistance Project.
Recent Activity
The New York Times reports that "Wells Fargo engaged in unfair and deceptive practices, failed to properly manage risks and hasn’t set aside enough money to pay back the customers it harmed, according to a confidential report by federal regulators."... Continue reading
Posted yesterday at CL&P Blog
The Washington Post reports that the Federal Trade and 12 state attorneys general have formed a task force to crack down on student debt relief scams. "The federal-state initiative, dubbed Operation Game of Loans, is responsible for five cases against... Continue reading
Posted 5 days ago at CL&P Blog
I don't post every article about the Consumer Financial Protection bureau rule barring financial services companies from using forced arbitration provisions to impose class-action bans on consumers. But I wanted to pass along this one by CFPB director Richard Cordray... Continue reading
Posted 5 days ago at CL&P Blog
On October 5, 2017, the Consumer Financial Protection Bureau issued its final rule on payday, vehicle title, and certain high-cost installment loans. The National Consumer Law Center prepared this article describing the rule's coverage, two main provisions, and effective date.... Continue reading
Posted Oct 12, 2017 at CL&P Blog
The Federal Trade Commission announced to day that it is mailing 227,000 refund checks totaling more than $9.8 million to people who bought “fat burning” and “weight loss” products and other dietary supplements, DVDs, or skin creams, including Pure Green... Continue reading
Posted Oct 10, 2017 at CL&P Blog
Amanda Werner of Americans for Financial Reform and Public Citizen attended the Equifax hearing today to draw attention to forced arbitration and make the point that forced arbitration gives corporations a monopoly on justice. Amanda seems to have attracted as... Continue reading
Posted Oct 4, 2017 at CL&P Blog
The Consumer Financial Protection Bureau today issued an interim final rule and a proposed rule "to provide mortgage servicers more flexibility and certainty around requirements to communicate with certain borrowers under the Bureau’s 2016 mortgage servicing amendments. The interim final... Continue reading
Posted Oct 4, 2017 at CL&P Blog
"Black people struggling with debts are far less likely than their white peers to gain lasting relief from bankruptcy, according to a ProPublica analysis. Primarily to blame is a style of bankruptcy practiced by lawyers in the South." ProPublica's full... Continue reading
Posted Oct 2, 2017 at CL&P Blog
Below are announcements from the Department of Justice's Consumer Protection Branch from July through September. September 27, 2017 - District Court Enters Permanent Injunction Against Illinois Caviar Supplier to Prevent Distribution of Adulterated Food September 26, 2017 - District Court... Continue reading
Posted Oct 2, 2017 at CL&P Blog
Today, the U.S. Chamber of Commerce, American Bankers Association, American Financial Services Association, Consumer Bankers Association, Financial Services Roundtable, and a coalition of associations located throughout Texas filed a legal challenge to the Consumer Financial Protection Bureau’s anti-arbitration rule. The... Continue reading
Posted Sep 29, 2017 at CL&P Blog
In a survey of nearly 1,700 vehicles for sale at eight CarMax locations – four in Massachusetts, two in California, and two in Connecticut – more than one in four vehicles (27 percent) were found to contain unrepaired safety recalls.... Continue reading
Posted Sep 28, 2017 at CL&P Blog
A new report examines the use of arbitration agreements in the workplace by the top 100 largest domestic United States companies, as ranked by Fortune magazine. The key finding: 80 of the top 100 largest companies in America, including subsidiaries... Continue reading
Posted Sep 27, 2017 at CL&P Blog
Consumer Financial Protection Bureau Director Richard Cordray said today that the three credit ratings agencies -- Equifax, Trans Union, and Experian -- are going to be getting embedded regulators to prevent future breaches of private information. CNBC has the story,... Continue reading
Posted Sep 27, 2017 at CL&P Blog
The Consumer Financial Protection Bureau filed suit today against Top Notch Funding and two individuals associated with the company for lying in loan offerings to consumers who were awaiting payment from settlements in legal cases or from victim-compensation funds. These... Continue reading
Posted Sep 19, 2017 at CL&P Blog
The Consumer Financial Protection Bureau yesterday took action against the National Collegiate Student Loan Trusts and their debt collector, Transworld Systems, Inc., for illegal student loan debt collection lawsuits. Consumers were sued for private student loan debt that the companies... Continue reading
Posted Sep 19, 2017 at CL&P Blog
State and federal authorities are proposing tougher regulations against Equifax and the entire credit monitoring industry after the company announced that personal information like Social Security numbers of about 143 million Americans was exposed. The Washington Post has the story,... Continue reading
Posted Sep 19, 2017 at CL&P Blog
The New York Times reports that "[l]obbyists and Republican lawmakers are gearing up for battle over a new U.S. regulation that is likely to dent profits in the $6 billion short-term, high-interest "payday" loan industry. The Consumer Financial Protection Bureau... Continue reading
Posted Sep 19, 2017 at CL&P Blog
The Washington Post reports: Tens of thousands of former students who say they were swindled by for-profit colleges are being left in limbo as the Trump administration delays action on requests for loan forgiveness, according to court documents obtained by... Continue reading
Posted Sep 13, 2017 at CL&P Blog
Politico reports that, one after "regulators fined Wells Fargo $185 million for opening potentially millions of fake accounts, the bank is nowhere close to putting the scandal behind it. Congress is threatening new hearings, and some Democrats have called on... Continue reading
Posted Sep 11, 2017 at CL&P Blog
The New York Times reports: Equifax warehouses the most intimate details of Americans’ financial lives, from the credit cards in their wallets to the size of their medical bills. But the company doesn’t face the constant monitoring and auditing that... Continue reading
Posted Sep 11, 2017 at CL&P Blog
Center for Science in the Public Interest's longtime president, Mike Jacobson, is stepping down next week. NPR reports: "Michael Jacobson invented a new style of food activism. For four decades, he led the fight against 'junk food.'" Read NPR's full... Continue reading
Posted Sep 7, 2017 at CL&P Blog
The House yesterday passed a bipartisan bill, called the “Self Drive Act,” addressing driverless cars. Among other things, the bill would allow car companies to introduce as many as 100,000 such vehicles a year -- exempted from safety standards while... Continue reading
Posted Sep 7, 2017 at CL&P Blog
The House of Representatives Financial Services subcommittee is holding a hearing this morning on HR 2359, entitled the "FCRA Liability Harmonization Act," which would reduce consumer remedies for credit reporting abuses. It would impose a $500,000 cap on damages in... Continue reading
Posted Sep 7, 2017 at CL&P Blog
Politico reports that, seven months into the Trump administration, Department of Education Secretary DeVos has: — Moved to gut two major Obama-era regulations reviled by the industry that would have cut off funding to low-performing programs and made it easier... Continue reading
Posted Aug 31, 2017 at CL&P Blog
Wells Fargo now says it has found a total of up to 3.5 million potentially fake bank and credit card accounts, up from its earlier tally of approximately 2.1 million. The additional fake accounts were discovered by a previously-announced analysis... Continue reading
Posted Aug 31, 2017 at CL&P Blog