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17 Jan 2018, 2:21 pm by Jeff Sovern
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. [read post]
11 Jan 2018, 9:55 am by Jeff Sovern
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 areas, while banks say they would do a better job of helping these people if the law became more flexible and less bureaucratic. [read post]
11 Jan 2018, 9:34 am by Jeff Sovern
by jeff Sovern The American Banker has the story, in a report headlined Is CFPB’s data freeze about security or a political ploy? [read post]
10 Jan 2018, 7:19 am by Jeff Sovern
by Jeff Sovern Last May, President Trump appointed bank lawyer Keith Norieka as interim head of the Office of the Comptroller of the Currency. [read post]
8 Jan 2018, 10:35 am by Jeff Sovern
by Jeff Sovern A fitting honor for John "Andy" Spanogle, whom I have come to know as co-author of our consumer law casebook. [read post]
6 Jan 2018, 12:18 pm by Jeff Sovern
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. [read post]
30 Dec 2017, 5:49 pm by Jeff Sovern
by Jeff Sovern I only just found out about Mehrsa Baradaran's terrific interview for the Who Makes Cents podcast. [read post]
28 Dec 2017, 11:14 am by Jeff Sovern
by Jeff Sovern As others, including Adam Levitin and David Lazarus have pointed out, the CFPB recently modified its description of itself at the bottom of its press releases. [read post]
27 Dec 2017, 11:19 am by Wolfgang Demino
ONE MONTH INTO THE FIGHT OVER HEART AND SOUL NOT TO MENTION CONTROL OF THE CONSUMER FINANCIAL PROTECTION BUREAU Docket entry for 12/22 injunction hearing says "oral arguments heard. [read post]
27 Dec 2017, 11:19 am by Wolfgang Demino
ONE MONTH INTO THE FIGHT OVER HEART AND SOUL NOT TO MENTION CONTROL OF THE CONSUMER FINANCIAL PROTECTION BUREAUDocket entry for 12/22 injunction hearing says "oral arguments heard. [read post]
20 Dec 2017, 6:11 am by Jeff Sovern
by Jeff Sovern Advocates for some positions sometimes block the federal government from researching or supporting research on issues. [read post]
8 Dec 2017, 10:31 am by Jeff Sovern
by Jeff Sovern The tweet reads:  Fines and penalties against Wells Fargo Bank for their bad acts against their customers and others will not be dropped, as has incorrectly been reported, but will be pursued and, if anything, substantially increased. [read post]
6 Dec 2017, 1:39 pm by Jeff Sovern
by Jeff Sovern The old Soviet Union assigned political officers, called zampoliti, to military units to monitor the units for political correctness, as the Soviets defined it, among other purposes. [read post]
27 Nov 2017, 3:34 pm by Jeff Sovern
by Jeff Sovern A couple of people have suggested to me that it doesn't really matter who wins as between English and Mulvaney because Trump will still get to nominate a new director for a five-year term. [read post]
25 Nov 2017, 10:42 pm by Jeff Sovern
by Jeff Sovern The Department of Justice's Office of Legal Counsel has now issued an opinion which, not surprisingly, expresses the view that the president can name the acting director of the CFPB. [read post]