News Topic: Consumer Financial Protection Bureau

As the CFPB gears up to regulate arbitration clauses, a timely article by Omri Ben-Shahar has been posted on ssrn. ... Read full article

On May 1, President Obama nominated Rep. Mel Watt (D-N.C.) to be the director of the Federal Housing Finance Agency, the conservator for the mortgage giants Fannie Mae and Freddie Mac. ... Read full article

Thank you to the Credit Slips team for allowing me to use their soapbox for the last few weeks.  I leave you with a final pet peeve: Why does the government have to rely on commercially-collected financial industry data sets or voluntary surveys of ... Read full article

It’s National Consumer Protection Week (NCPW)!   Federal, state, local, and nonprofit consumer protection agencies and organizations are making extra efforts to promote consumer awareness .  First I have to get out of my system thoughts of Tom Lehrer’s ... Read full article

If, as I suggested in my last post, making the consumer smarter is hopeless, at least for those of us whose prenatal and early childhood environments can no longer be altered, what about disclosure?  Could point-of-sale disclosure equip consumers to make ... Read full article

Thank you to the Credit Slips team for inviting me to guest blog.  First I must warn the reader that I am not a real blogger (I’m a bit of a Luddite - I don’t even have a smartphone).  But I’m going to join the 21st Century for a bit here.  Over the next ... Read full article

In the wake of the D.C. Circuit's decision striking down recess appoints, Carter Dougherty at Bloomberg reports what may be the first example of a defendant raising the CFPB's lack of authority as a defense in an enforcement proceeding. Stay ... Read full article

Todd Zywicki has a long blog post criticizing the CFPB's Qualified Mortgage (QM) rule and using it as a jumping-off point for a call to transform the CFPB's leadership from a single Director to a commission. ... Read full article

The DC Circuit's decision in Noel Canning v. NLRB  invalidated an National Labor Relations Board ruling on the grounds that three of the NLRB's five members were not validly appointed, so the NLRB lacked the necessary quorum to act.  The DC ... Read full article

As has been  widely reported  , the D.C. Circuit today  ruled unconstitutional  the president's power to make recess appointments. This is a good thing. ... Read full article

The CFPB has come out with its long awaited qualified mortgage (QM) rulemaking under Title XIV of the Dodd-Frank Act.  The QM rulemaking is by far the most important CFPB action to date and will play a crucial role in determining the shape of the US ... Read full article

The Consumer Financial Protection Bureau is doing something promising with its anti-abuse authority under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.  It is going after credit industry exploitation of consumers, particularly ... Read full article

Politics is not my strong suit -- this, ironically, from the faculty sponsor of both the Democratic  and Republican student associations at Michigan Law.  (No, I am not confused; I was asked presumably because each group wanted a political independent, ... Read full article

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I have been working for a few years in developing and creating a consumer outreach website at MyConsumerTips.info .   The site is purely non-profit and has no sponsors or advertisers. It aims to simply provide consumers with “consumer tips” that change ... Read full article

In October 2011, I testified to the U.S. Senate Banking Committee's Subcommittee on Financial Institutions and Consumer Protection. In a nation of short memories, the hearing took place amid claims that we did not need new consumer financial ... Read full article

Brian Wolfman has an interesting post about e-Bay's new arbitration agreement with a class action opt-out.  Curiously, e-Bay's arbitration agreement isn't mandatory, but it is opt-out with a limited opt-out period.  Brian's take is ... Read full article

Congratulations to Credit Slips 's Adam Levitin who was just named to the Consumer Advisory Board for the Consumer Financial Protection Bureau. ... Read full article