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Jeff Sovern
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by Jeff Sovern Allison blogged earlier about Judge Preska's decision striking down the CFPB as unconstitutional and I've been wondering what it means for consumers. I hope some of our readers will offer their own thoughts in the comments, because... Continue reading
Posted yesterday at CL&P Blog
by Jeff Sovern Kate Berry in the American Banker is reporting that the nominee to run the CFPB, Kathy Kraninger "likely was deeply involved in President Trump's "zero-tolerance" immigration policy, according to former officials with the Office of Management and... Continue reading
Posted 2 days ago at CL&P Blog
Is Kraninger's nomination really a ploy to extend Mulvaney's leadership of the Bureau? That's an issue discussed in Roll Call's article, Despite New CFPB Nominee, Mulvaney Could Be Around a Long Time. Excerpt: “I think there’s a strategy here that... Continue reading
Posted 3 days ago at CL&P Blog
by Jeff Sovern We received the following transcript from Canadian intelligence services of White House deliberations between two unidentified people: A: Who should we pick to run the BCFP? B: Can't Mick just stay on? A: Not past this week.... Continue reading
Posted 5 days ago at CL&P Blog
by Jeff Sovern Various outlets are reporting that it will be Kraninger. At least one conservative objects to the appointment. Here is an except from the WSJ report: “The nominee is unqualified,” said J.W. Verret, a law professor at George... Continue reading
Posted 6 days ago at CL&P Blog
by Jeff Sovern Here. Four anonymous sources say she is Trump's leading choice. Will we hear a different name tomorrow? Excerpt: Kraninger, an associate director at OMB, previously worked for the Department of Homeland Security and the Senate Appropriations Committee.... Continue reading
Posted 7 days ago at CL&P Blog
by Jeff Sovern The Hill has a report here. I don't think that can pass the Senate unless the Senate abolishes the filibuster rule or nine Democratic senators go along with it, so it seems unlikely to pass unless Democrats... Continue reading
Posted 7 days ago at CL&P Blog
by Jeff Sovern Bloomberg said Issa was a contender just two days ago but The Hill reports Issa claims the matter is not under current discussion. If the press reports are accurate, it's striking that the White House seems to... Continue reading
Posted Jun 14, 2018 at CL&P Blog
by Jeff Sovern So says C. Ryan Barber in the National Law Journal. Things shift quickly in the Trump White House. The report is attributed to two unnamed sources. Zywicki would be a formidable candidate. He is smart, a prolific... Continue reading
Posted Jun 14, 2018 at CL&P Blog
by Jeff Sovern Here, against Security Group, Inc. As expected, the case involves debt collection problems but the Bureau also found FCRA issues. Here's an interesting thing about the case: remember how Mulvaney suggested that enforcement actions ought to be... Continue reading
Posted Jun 13, 2018 at CL&P Blog
by Jeff Sovern It feels as if there has been a steady stream of op-eds attacking Mulvaney's decision to fire the CFPB's Consumer Advisory Board members. We've posted links here and here and I commented here. A couple more links... Continue reading
Posted Jun 13, 2018 at CL&P Blog
Here on Law360. Excerpt: Companies also benefit from the public database. The database provides important feedback to companies about concerns people have with their products and services. It also helps prevent unscrupulous competitors from undercutting legitimate companies, because all companies... Continue reading
Posted Jun 12, 2018 at CL&P Blog
Christoph Busch of the University of Osnabrück - European Legal Studies Institute has written Implementing Personalized Law: Personalized Disclosures in Consumer Law and Privacy Law, forthcoming in the University of Chicago Law Review. Here's the abstract: This Article explores how... Continue reading
Posted Jun 11, 2018 at CL&P Blog
Here, by Suffolk's Kathleen Engel and Notre Dame's Judy Fox. I wanted to post an excerpt, but there is so much in this one that is important that I didn't want to leave anything out. I urge our readers to... Continue reading
Posted Jun 10, 2018 at CL&P Blog
by Jeff Sovern Kate Berry at the American Banker reports on Mulvaney's response to questions about why he fired the advisory board members. The headline reads Mulvaney's defense of CFPB board upheaval: I'm trying to fix leaks. The headline is... Continue reading
Posted Jun 8, 2018 at CL&P Blog
Here, by Ann Baddour, director of the Fair Financial Services Project at Texas Appleseed. Excerpt: When Mick Mulvaney and his leadership team took control of the bureau in November, we on the advisory board tried in good faith to engage... Continue reading
Posted Jun 8, 2018 at CL&P Blog
by Jeff Sovern I have long wondered whether Wells Fargo was alone in opening unauthorized accounts or if it other banks did the same. A student reported to me that his bank--not Wells--opened an unauthorized account in his name, and... Continue reading
Posted Jun 7, 2018 at CL&P Blog
by Jeff Sovern More and more, the CFPB's acting director, Mick Mulvaney, has made clear that he is not interested in hearing from consumers or their advocates. As Allison reported earlier today, the CFPB has kicked off all the members... Continue reading
Posted Jun 6, 2018 at CL&P Blog
by Jeff Sovern So Allison Frankel reports for Reuters in a story headlined Fitbit lawyers reveal ‘ugly truth’ about arbitration, judge threatens contempt. Here are the first three paragraphs: At a hearing Thursday in San Francisco federal court, a lawyer... Continue reading
Posted Jun 2, 2018 at CL&P Blog
Chen He of the Tilburg Law and Economics Center and Tobias J. Klein of the Tilburg University Department of Econometrics & Operations Research, Center for Economic Research, Law and Economics Center; IZA Institute of Labor Economics; and Netspar, have written... Continue reading
Posted May 31, 2018 at CL&P Blog
We received the following announcement: The next conference of the International Association of Consumer Law (IACL) will be held at the Indiana University McKinney School of Law in Indianapolis on June 13-15, 2019. This is the first time that the... Continue reading
Posted May 30, 2018 at CL&P Blog
by Jeff Sovern So says the WSJ here. It reports on how one such borrower landed in that position. Meanwhile, the Times reports on How Student Debt Can Ruin Home Buying Dreams. Disturbing articles, especially for those of us in... Continue reading
Posted May 27, 2018 at CL&P Blog
Here. She also offered ways to deal with the privacy policies, including what terms to search for to cut the reading down to thirty or forty yards. Continue reading
Posted May 26, 2018 at CL&P Blog