This Week in Wall Street Reform | August 4 - 17 Please share this weekly compilation with friends and colleagues. To subscribe, email
[email protected], with “This Week” in the subject line. TABLE OF CONTENTS - Consumer Finance and the CFPB - Enforcement - Executive Compensation - Investor Protection, SEC, Capital Markets - Private Funds - Mortgages and Housing - Small-Business Lending - Student Loans and For-Profit Schools - Systemic Risk - Elections, Money and Politics - Other Topics C ONSUMER FINANCE AND THE CFPB Watch: Consumer ‘Protector’ Is Ready To Make It Easier For Debt Collectors To Harass You | Huffington Post On May 8, the biggest players in the American debt collection business traveled to Philadelphia to have a talk with Kathy Kraninger, the new director of the Consumer Financial Protection Bureau. A day earlier, Kraninger’s agency had introduced a slate of regulations ostensibly designed to curb the worst abuses in the notoriously predatory world of debt collection. But the proposal appalled consumer advocates; instead of reforming debt collection, the plan had transformed into an excuse to legalize a host of shady practices. Instead of cracking down on bad actors, the CFPB planned to unleash their worst instincts. Listen: How the CFPB’s Proposed Debt Collection Rules Could Impact the Student Loan Industry | National Law Review In this podcast, we look at the unique challenges that the CFPB’s proposal may create for student loans. Our discussion focuses on how the proposal’s call attempt limits, time/place limits for calls, texts, and e-mails, and special restrictions that apply to the aggregation of multiple student loans could impact communications with borrowers.