Britany Riley  //  8/27/17  //  Topic Update

“Nobody should escape accountability for breaking the law”—the CFPB’s arbitration rule restores consumers’ legal right to have their day in courtargues CFPB Director Richard Cordray in The New York Times.

  • The CFPB’s March 2015 study of consumer arbitration, which Director Cordray cites as proof that consumers fare better in class litigation, actually supports the opposite conclusion, argue Alan Kaplinsky and Mark Levin at Consumer FInance Monitor. 

Updates | The Week of January 22, 2018

1/28/18  //  Daily Update

In a memo to CFPB staff, acting director Mick Mulvaney expressed plans to move away from his predecessor's "good guys" fighting "bad guys," approach to one in which the agency conducts enforcement with "humility and prudence." The Bloomberg Editorial Board argued that the CFPB's plan to reconsider payday lending rules is misguided.

Updates | The Week of January 15, 2018

1/14/18  //  Daily Update

The CFPB released its sixth annual report to Congress on college credit card agreements, which departs from past reports in taking schools to task for failing to meet their obligation under the CARD Act to publicly disclose their college credit card marketing agreements.

Update | The Week of November 27, 2017

12/4/17  //  Daily Update

A legal battle over who is the rightful acting director of the CFPB prompted widespread debate.

Jeffrey Stein

Columbia Law School