Monthly Archives: June 2014

CFPB Cites Problems Among Debt Collectors, Payday Lenders

By James Kollar | Posted on

Recently, the Consumer Financial Protection Bureau (CFPB) released a report highlighting abusive and unlawful practices in the payday loan, debt collection, and consumer reporting markets.

The released Supervisory Highlights report, the fourth report of its kind by the CFPB, examines findings such as regulatory violations or unfair, deceptive, or abusive acts or practices (UDAAPs), in selected program areas so that industry participants can use the information to ensure their operations remain in compliance with Federal consumer financial law.

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White House Mortgage Policy Advances Housing Finance Reform

By Nahal Bahri, J.D. Candidate 2015 | Posted on

While the economy has been improving since the financial crisis, the housing market has been slow to recover. The White House has proposed a plan to help homeowners refinance their mortgages while Congress has proposed the Housing Finance Reform and Taxpayer Protection Act of 2014 (introduced in 2013) as part of the greater system of housing finance reform with the hopes of boosting the housing market.

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Flash Boys–Concerns Over High Frequency Trading

By Nahal Bahri, J.D. Candidate 2015 | Posted on

High frequency trading is gaining significant media attention recently as Michael Lewis published his book, Flash Boys: A Wall Street Revolt, on the subject. While high frequency trading (HFT) was introduced into the markets in 1999, this platform for conducting rapid electronic trades of securities has been gaining significant attention by federal regulators including the Securities and Exchange Commission (“SEC”), the Commodity Futures Trading Commission (“CFTC”), and most recently, the Senate.

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