News Topic: Consumer Finance

Former CFPB enforcement attorney Ronald Rubin has a lengthy attack on the CFPB in the National Review . It's got lots of sultry details, but there's nothing new and verifiable in the piece. ... Read full article

The "fake news" phenomenon has gotten a lot of attention of late, but there's also the problem of its kissing cousins, faux academic research and opinions piece that springboards off of fake news and faux research.  A comically bad example ... Read full article

This post is an extended aside from my previous post about David Evans' argument about the CFPB's mindset and institutional incentives.  The point isn't critical to Evans' argument, but I'm writing because it really irks me ... Read full article

David Evans has an interesting  article on PYMNTS  that argues that " The fundamental problem with the CFPB ... isn’t who’s on top. ... Read full article

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The New Republic (yes it still exists) has a piece about whether behavioral economics will have as much influence in a Clinton administration as it did in the Obama administration . The unspoken assumption of the piece is that behavioral economics ... Read full article

It doesn't take a genius to figure out that incentive-based compensation like the type featured in Wells Fargo's current and previous consent orders has the potential to encourage fraud and steering of consumers into inappropriate products in ... Read full article

Over on Twitter,  Michael Barr noticed that there's an eerie similarity between Wells Fargo employees  team members being incentivized to open up unauthorized deposit and credit card accounts for consumers and another practice that got Wells in ... Read full article

I'm trying something new this year. ... Read full article

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I'm testifying before House Financial Services tomorrow regarding the "CHOICE Act," the Republican Dodd-Frank alternative.  My testimony is here . ... Read full article

The Center for Responsible Lending has produced a nice, new empirical paper reflecting on and refuting the notion that certain debt collection reforms restrict the flow of consumer credit. The analysis is careful and impressive, and the natural laboratory ... Read full article

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We know little about the financial lives and credit constraints of undocumented immigrants, partly because they are such a difficult to reach population. But Slips contributor Nathalie Martin gained access to this population in Albuquerque, New Mexico, ... Read full article

It’s easy for Progressives to get excited about the idea of postal banking: a public option for banking! What’s not to love? ... Read full article

Credit Slips has great readers, and I'd love to encourage more of our readership to comment. ... Read full article

A regular trope sounded by opponents of consumer financial regulations is that the regulations have resulted in the disappearance of free checking. ... Read full article

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