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Jeff Sovern
Recent Activity
Law360 has the story here. The FTC has only one other commissioner at the moment, though the president has nominated two other commissioners, Joseph Simons and Rohit Chopra. Continue reading
Posted 7 hours ago at CL&P Blog
by Jeff Sovern Back in December, the Times had an article headlined That Game on Your Phone May Be Tracking What You’re Watching on TV, that reported that hundreds--even thousands--of apps, some geared towards children, use the phone microphone to... Continue reading
Posted 12 hours ago at CL&P Blog
by Jeff Sovern According to Evan Weinberger, writing in Law360: Office of Management and Budget Director Mick Mulvaney, who is leading the Consumer Financial Protection Bureau on a temporary basis despite a court challenge from the bureau's deputy director, insisted... Continue reading
Posted yesterday at CL&P Blog
Deanne Loonin of Harvard University - Hale and Dorr Legal Services Center and Julie Margetta Morgan of the Bill & Melinda Gates Foundation have written Federal Student Aid: Can We Solve a Problem We Do Not Understand?, forthcoming in the... Continue reading
Posted yesterday at CL&P Blog
by Jeff Sovern Earlier this week we linked to an op-ed by Mary Spector (SMU), Genevieve Hebert Fajardo (St. Mary’s) and Neil L. Sobol (Texas A&M) criticizing a debt collection bill pending in the House, HR 4550, which would exclude... Continue reading
Posted 4 days ago at CL&P Blog
by Jeff Sovern So reports Ian MacKendry in the American Banker. The article says that Dever's candidacy is being pushed by Rep. Steve Stivers, R-Ohio, a member of the House Financial Services Committee and the National Republican Campaign Committee. As... Continue reading
Posted 4 days ago at CL&P Blog
by Jeff Sovern The drip of bad news for consumer protection continues. Yesterday, the CFPB announced a "Call for Evidence Regarding Consumer Financial Protection Bureau Functions;" Evan Weinberger has more at Law360. Today we learned, as Allison posted, that the... Continue reading
Posted 5 days ago at CL&P Blog
by Jeff Sovern Last week, the House Financial Services Committee's Subcommittee on Financial Institutions and Consumer Credit held a hearing titled Legislative Proposals for a More Efficient Federal Financial Regulatory Regime: Part III on a variety of bills. One of... Continue reading
Posted 6 days ago at CL&P Blog
Writing in the Brownsville Herald, consumer law professors Mary Spector (SMU), Genevieve Hebert Fajardo (St. Mary’s) and Neil L. Sobol (Texas A& M) critique the debt collection bill pending in the House, HR 4550, which would exclude from the FDCPA's... Continue reading
Posted 6 days ago at CL&P Blog
by Jeff Sovern Here. It seems unlikely that the Bureau would go to the trouble of a rulemaking only to ratify the rule. The Bureau had previously stated that it intended to amend the prepay card rule. Continue reading
Posted 7 days ago at CL&P Blog
WaPo has a report, headlined How robo-callers outwitted the government and completely wrecked the Do Not Call list, reporting that the FTC receives 19,000 complaints per day from people on the Do-Not-Call list about robocallers. The FTC not only does... Continue reading
Posted Jan 12, 2018 at CL&P Blog
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by Jeff Sovern A friend forwarded me the two images below. My friend, a prior H&R Block customer, received the 2017 software update for $24.95 while his son, who has not used the software in the past, was offered the... Continue reading
Posted Jan 11, 2018 at CL&P Blog
by Jeff Sovern The WSJ has an interesting story out, Trump Administration Seeks to Change Rules on Bank Lending to the Poor, that reports: Community groups say the law should be expanded in order to bring opportunity to more low-income... Continue reading
Posted Jan 11, 2018 at CL&P Blog
by jeff Sovern The American Banker has the story, in a report headlined Is CFPB’s data freeze about security or a political ploy? The article quotes Minnesota's Prentiss Cox, as saying "This is a very thinly veiled attempt to shut... Continue reading
Posted Jan 11, 2018 at CL&P Blog
by Jeff Sovern Last May, President Trump appointed bank lawyer Keith Norieka as interim head of the Office of the Comptroller of the Currency. Now that the full-time Comptroller has taken office, Norieka is returning to his firm "where he’ll... Continue reading
Posted Jan 10, 2018 at CL&P Blog
The report comes from Allied Progress. Excerpt: Just before the holiday break, Consumer Financial Protection Bureau (CFPB) “Acting Director” Mick Mulvaney announced that several of his senior staff from the Office of Management and Budget (OMB) would be taking on... Continue reading
Posted Jan 8, 2018 at CL&P Blog
by Jeff Sovern A fitting honor for John "Andy" Spanogle, whom I have come to know as co-author of our consumer law casebook. Continue reading
Posted Jan 8, 2018 at CL&P Blog
by Jeff Sovern The new chief of staff for the CFPB will be Kirsten Sutton Mork, a longtime aide for House Financial Services Chair Jeb Hensarling, according to Mr. Hensarling. Chief of staff is the position formerly held by Leandra... Continue reading
Posted Jan 6, 2018 at CL&P Blog
Diana Farrell and Kanav Bhagat, both of JP Morgan Chase, Peter Ganong at the Harris Public Policy School of the University of Chicago, and Pascal Noel of the University of Chicago Booth School of Business have written Mortgage Modifications after... Continue reading
Posted Jan 6, 2018 at CL&P Blog
by Jeff Sovern Camden R. Fine is the president and CEO of the Independent Community Bankers of America, a trade group for community bankers. The American Banker recently published his op-ed, Don’t let a credit union regulator run the CFPB,... Continue reading
Posted Jan 5, 2018 at CL&P Blog
Karen Levy and Solon Barocas of Cornell have written Designing Against Discrimination in Online Markets, 32 Berkeley Technology Law Journal (2018). Here is the abstract: Platforms that connect users to one another have flourished online in domains as diverse as... Continue reading
Posted Jan 4, 2018 at CL&P Blog
Here, by Sophia Morris. Among the cases is the possible return of Spokeo to SCOTUS. Standing is also an issue in another case mentioned in the report, but in the second case the issue arises in connection with a data... Continue reading
Posted Jan 3, 2018 at CL&P Blog
by Jeff Sovern I only just found out about Mehrsa Baradaran's terrific interview for the Who Makes Cents podcast. If you haven't made time to read her book, How the Other Half Banks, this will give you a brief introduction.... Continue reading
Posted Dec 30, 2017 at CL&P Blog
From the announcement: The Janet D. Steiger Fellowship Project provides law students the extraordinary opportunity to work in the consumer protection departments of state and territorial Offices of Attorneys General and other consumer protection agencies throughout the United States. The... Continue reading
Posted Dec 29, 2017 at CL&P Blog