Category Archives: Uncategorized

Richard Cordray and the Inside Scoop

Alan Kaplinsky wrote a great article titled What the D.C. Circuit decision vacating stay of EPA rule could mean for final CFPB arbitration and payday loan rules.  What is helpful is the inside scoop on Richard Cordray: Director Cordray will leave the CFPB in the fourth quarter of this year to run for Ohio governor. Essentially, […]

by adminComments Off on Richard Cordray and the Inside Scoop

Is the CFPB in trouble? It’s eerily quiet.

  I enjoyed a speculative article in Market Watch on Richard Cordray.  Is Cordray a sitting duck until after Ohio elects a new governor?  Seems far fetched, but it is juicy.  John Kasich can not run again to term limits in Ohio law.  Like Kasich, but kudos to Ohio for creating term limits.  We need more term […]

by adminComments Off on Is the CFPB in trouble? It’s eerily quiet.

Hudson Cook Analysis on Fintech National Charter

by adminComments Off on Hudson Cook Analysis on Fintech National Charter

Advance America and CFSA seeking injunction relief

“Advance America said its own situation became dire after five banks decided in the last month to cut ties, including a 14-year relationship with U.S. Bancorp, putting it “on the verge” of being unable even to hold a bank account.” You can read the full article HERE.

by adminComments Off on Advance America and CFSA seeking injunction relief

CFPB Webinar – Ballard Spahr

by adminComments Off on CFPB Webinar – Ballard Spahr

Google Adwords shutting out payday lenders

by adminComments Off on Google Adwords shutting out payday lenders

Are Arbitration Agreements Done?

Hudson Cook broke the news that the CFPB Proposes Rule Prohibiting Mandatory Arbitration Clauses. I can see the vultures swarming.  

by adminComments Off on Are Arbitration Agreements Done?

Why Elizabeth Warren’s Consumer Watchdog Could Be In Danger

A must read, “Why Elizabeth Warren’s Consumer Watchdog Could Be In Danger” in the Huffington Post. “In summary, this is an unprecedented, unconstitutional agency that has more power than Congress and the president put together.”  Theodore Olson, counsel of record, PHH Corporation

by adminComments Off on Why Elizabeth Warren’s Consumer Watchdog Could Be In Danger

Cordray Taking on Over Draft Fees

“Cordray encouraged financial institutions to offer lower-risk account options, including accounts that would not allow for overdrafting the account.” according to the Credit Union Times.  They’re pressuring financial institutions to go to more of a prepaid option that does not overdraw the account.  Basically, the payment does not get honored. A few points were brought […]

by adminComments Off on Cordray Taking on Over Draft Fees

White House Responds to “We the People” Petition

You can read the FISCA new release HERE.  Basically, the White House said, whatever the CFPB says….we’re fine with that. The silver lining here is that the petition bought us some time and will force the CFPB to really look at the issue.  It bought us some more time possibly. Here is a pretty good […]

by adminComments Off on White House Responds to “We the People” Petition