//  6/25/17  //  Topic Update

The Treasury’s first report on reforming regulations under Dodd-Frank means “we can start counting down to the next crisis now,” writes the New York Times Editorial Board.

Senate Democrats urged the Department of Justice to keep President Trump’s campaign promise and block the merger of AT&T and Time Warner, which could result in sharp rate increases for consumers. (The Hill)

  • Here is the letter.           

The Treasury Department recommended changes to the Consumer Finance Protection Bureau (CFPB) this week, outlined by Barbara Mishkin at Consumer Finance Monitor.

Americans are better off with strong regulations in the consumer financial services market despite the White House’s attempt to dismantle them, argues David Reiss in The Hill.

President Trump intends to nominate congressional aide James Clinger to be a chairman of the FDIC for a five-year term (WSJ).

CFPB Director Richard Cordray responded in a letter to House criticism charging that the CFPB had not adequately policed Wells Fargo (Consumer Law & Policy Blog).

  • The letter is here.

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