California’s high court has ruled that interest rates on consumer loans can be so high that they become “unconscionable” and, therefore, illegal — a decision that could call into question the validity of millions of loans and upend the state’s subprime lending market. In a unanimous opinion …
The results found broad support for the CFPB’s historically aggressive oversight coupled with opposition to changes implemented or proposed by Acting Director Mick Mulvaney.
The calls are not just nuisances — consumers are cheated out of an estimated $350 million a year by phone scams, many involving automatic dialing. States are trying to act.
Over the course of the next two decades, the Supreme Court will likely undertake some of the most consequential digital privacy cases that will reverberate across generations to come. And Judge Brett Kavanaugh could be a deciding voice.
The package is a win for colleges, particularly for-profit ventures. It’s a defeat for consumer advocates who favor a more aggressive posture against colleges that they say routinely take advantage of veterans and older students.