July 21 marked the Consumer Financial Protection Bureau’s first year as an independent agency. Headed by Richard Cordray, the CFPB has been a major presence in the financial industry, most recently in the deceptive marketing case against Capital One Bank resulting in a 210 million dollar settlement. And according to Kaplinsky of Ballard Spahr that case is “just the tip of the iceberg….There are dozens of ongoing investigations.” The agency has also issued rules for supervising credit reporting agencies, and proposed a standard “penalty fee box” to clarify checking account overdraft fees to consumers, and made steps to help modify loans and provide foreclosure relief to military members. Mandatory arbitration clauses and student loans are also under scrutiny.
Featured News
As Congress Considers a Ban On State AI Regs, California and NY Forge Ahead
Jun 19, 2025 by
CPI
Canada Watchdog Calls for Easing Foreign Investment Rules in Airline Sector
Jun 19, 2025 by
CPI
Litigation Finance Battle Heats Up in Tyson Foods Price-Fixing Case
Jun 19, 2025 by
CPI
Spain Weighs Additional Conditions on BBVA’s Hostile Bid for Sabadell
Jun 19, 2025 by
CPI
Japan’s TDK Buys SoftEye to Strengthen Smart Glasses Capabilities
Jun 19, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Theories of Harm
Jun 17, 2025 by
CPI
What Do We Mean by Harm to the Competitive Process?
Jun 17, 2025 by
Sean Sullivan
Is There a Better Approach to Vertical Merger Analysis?
Jun 17, 2025 by
Bob Majure & Andrew Sfekas
California’s Ill-Advised Turn Toward Europeanized Theories of Harm For Single-Firm Conduct
Jun 17, 2025 by
Geoffrey Manne, Dirk Auer & Brian Albrecht
EU Competition Policy in Support of Democracy and Sustainability: What Theories of Harm When Moving Away From the Predominance of the Consumer Welfare Paradigm?
Jun 17, 2025 by
Marios C. Iacovides