Whether you know it or not, at this moment, you are most likely a party to multiple contracts that have binding mandatory arbitration clauses as a stipulation for dispute resolution. What this means is that if you have a dispute with the company who you’ve entered the contract with, you are unable to sue them… Continue Reading
Could there be a clearer rallying cry for regulation of Wall Street bonuses? Heck, John Dillinger only robbed banks of a few hundred thousand dollars over the course of his “career,” and they created the FBI to catch him.
The CFPB has been crippled without a head. It is a centerpiece of the much-needed Dodd-Frank legislation. Appointing Mr. Cordray will allow the CFPB to begin the work of regulating a fast moving and dynamic sector that to date has remained one step ahead of regulators.
Barney Frank leaves us at a time when Washington needs him more than ever… We will miss his quick wit, outspoken courage, unconventional speaking style, and most importantly, his legacy for speaking from the heart–something we don’t get enough of in our nation’s capitol.
Is this former 5-time “Jeopardy!” champion ready to follow rock star Elizabeth Warren as the first director of the Consumer Financial Protection Bureau? Consumers can only wait and hope for the best.
Elizabeth Warren has apparently begun the hunt for a head of the Consumer Financial Protection Bureau. While it is unfortunate that Ms. Warren herself will apparently not lead the CFPB, hopefully she will find someone that shares her vision and eagerness. She has conferred with “business and consumer groups,” but ultimately the decision must be hers.
Verizon has agreed to pay $58 million in rebates and $25 million in penalty fees for incorrectly charging fees to customers. The $25 million dollars is the largest amount ever paid to the FCC under a consent decree. Elizabeth Warren blogged about her plans to make the Consumer Financial Protection Bureau as effective as possible. … Continue Reading
All consumers, not just those who bank at the largest banks, deserve protection from irresponsible practices of banks. Yesterday, the House Financial Services Committee took a giant step away from that critical goal when it passed an amendment excluding over 97% of banks from the statutory reporting requirements to be performed by the soon-to-be-created Consumer… Continue Reading