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19 Mar 2018, 9:34 am by Jeff Sovern
by Jeff Sovern CFPB Acting Director Mick Mulvaney famously said that the Bureau should not push the envelope. [read post]
14 Mar 2018, 1:53 pm by Jeff Sovern
by Jeff Sovern Mick Mulvaney has now led the CFPB for three and a half months and during that period, has been subject to attacks, including on our blog. [read post]
13 Mar 2018, 3:07 pm by Jeff Sovern
by Jeff Sovern Politico's Morning Money newsletter reports: BANKERS NOT AS WORRIED BY REGS — At the Consumer Bankers Assoc. annual conference, CBA Live, attendees were asked about their top worries. [read post]
10 Mar 2018, 5:28 pm by Jeff Sovern
by Jeff Sovern Kevin Wack in The American Banker has a report headlined Wells was tipped off to government probe by OCC, watchdog says. [read post]
8 Mar 2018, 8:45 am by Jeff Sovern
by Jeff Sovern Level Playing Field is reporting that companies include in their arbitration clauses provisions that AAA, their arbitration service, has informed them have to be waived, meaning AAA won't enforce them. [read post]
28 Feb 2018, 8:55 am by Jeff Sovern
by Jeff Sovern Many localities require restaurants to post their health department grades at their entrance so diners can decide whether the restaurant is safe to patronize. [read post]
26 Feb 2018, 5:26 pm by Jeff Sovern
by Jeff Sovern The White House issued its 2017 Draft Report to Congress on the Benefits and Costs of Federal Regulations and AgencyCompliance with the Unfunded Mandates Reform Act today. [read post]
25 Feb 2018, 12:01 pm by Jeff Sovern
by Jeff Sovern During a recent hearing by the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, Marc Rotenberg, president of the Electronic Information Privacy Center and an adjunct at Georgetown, pointed out that we still didn't know who was behind the Equifax breach. [read post]
21 Feb 2018, 1:54 pm by Jeff Sovern
by Jeff Sovern The CFPB has posted online Interim Director Mulvaney's calendar for December and January. [read post]
21 Feb 2018, 12:23 pm by Jeff Sovern
by Jeff Sovern On Monday, I posted a link to Todd Zywicki's WSJ op-ed in which he accused Cordray's CFPB of pummeling consumers and wrote that "The pain was especially acute for low- and middle-income consumers who lost access to credit cards, faced higher bank fees and reduced access to free checking, and found it harder and costlier to obtain mortgages, especially as first-time homebuyers. [read post]
20 Feb 2018, 4:22 pm by Jeff Sovern
by Jeff Sovern A student forwarded me the following email (I've omitted identifying information to protect the student's confidentiality): Good afternoon, Thank you for your interest in the CFPB’s Honors Attorney Program. [read post]
19 Feb 2018, 12:58 pm by Jeff Sovern
by Jeff Sovern George Mason's Todd Zywicki has an op-ed in the WSJ, The CFPB Could Be a Force for Good, in which he lays out his vision for what the CFPB should do and attacks what it did under Cordray. [read post]
15 Feb 2018, 5:26 pm by Jeff Sovern
by Jeff Sovern In a blog post Tuesday, I asked Am I the only one who thinks it's weird for a temporary and part-time CFPB director to create a five-year strategic plan? [read post]
15 Feb 2018, 9:56 am by Barbara S. Mishkin
  In a blog post yesterday, Professor Jeff Sovern suggested that, in light of his “temporary” status, it is “weird” that Mr. [read post]
14 Feb 2018, 12:00 pm by Jeff Sovern
by Jeff Sovern Mike posted earlier today about Berkeley's new Center for Consumer Law and Economic Justice, funded by a major gift from Elizabeth Cabraser and to be headed at least for now by Ted Mermin, a terrific choice. [read post]