Judicial Ethics Panel Clears Judge in Credit Card Fee Rule Case
A federal appeals court judge facing questions about a potential conflict of interest regarding his son's ownership of Citigroup stock…
Consumer Financial Protection Bureau
Seizing the Opportunity for Student Loan Forgiveness: Act by April 30
The Consumer Financial Protection Bureau (CFPB) recently unveiled a vital opportunity for student loan forgiveness, but the clock is ticking.…
Toyota’s U.S. Auto Financing Unit Settles Charges for Unlawful Practices
In a recent development, Toyota's U.S.-based auto financing unit, Toyota Motor Credit, has agreed to pay $60 million in fines…
Supreme Court to Decide on Consumer Watchdog Agency’s Funding Status in US
On Monday, the U.S. Supreme Court agreed to hear a case that could determine the constitutionality of the Consumer Financial…
Two Acting Directors Show Up for Work Monday at CFPB
Summary: The Consumer Financial Protection Bureau found itself with two acting directors vying for command over the agency Monday morning.…
Senate Nixes Rule That Allows Consumers to Sue Banks and Credit Card Companies
Summary: The Senate has voted to end the CFPB rule that barred mandatory arbitration clauses from financial companies. This week,…
Former Wells Fargo Employees File Class Action Lawsuit in California
Summary: A class action lawsuit against Wells Fargo was filed in California last Thursday. The public’s compounding interest in the…
Wells Fargo Employees Caught Creating Millions of Fake Accounts to Collect Fees
Summary: Wells Fargo fired 5,300 employees for creating fake accounts to collect real fees from customers. Bank customers hate paying…
What Law School Students Need to Know About LRAPs
Long ago, most law school applicants only worried about whether or not they had the necessary intellectual gifts and emotional…
Michael Gordon Joins WilmerHale
Summary: Michael Gordon has joined WilmerHale as a partner in its Washington, D.C. office. WilmerHale has announced that Michael…
Texas Residents Receiving Jail Time for Failure to Repay Loans
Summary: The inability for some Texas residents to repay payday loans has sent them to prison despite a law prohibiting such…
CFPB Says “You Are On Your Own” if Using Virtual Currencies
Summary: CFPB issues consumer advisory report on using virtual currencies and clarifies misconceptions and risks of using currencies like Bitcoin and…