In the past, under the guise of promoting innovation, individual firms privately lobbied the Consumer Financial Protection Bureau to obtain special regulatory treatment. If they were successful, a firm receiving special treatment could then attract investors and customers by wrongly implying that their business model and practices were endorsed by the government. In other situations, companies that were able to successfully lobby for special treatment did not follow through on their end of the bargain.
OAKLAND – California Attorney General Rob Bonta today issued a statement in support of President Biden’s ongoing efforts to provide relief for student borrowers. The statement of support comes ahead of oral arguments before the United States Supreme Court in a legal challenge to the Biden Administration’s plan to discharge between $10,000 and $20,000 in federal student loan debt for certain lower-income borrowers. This historic one-time program will provide student loan debt relief to approximately 40 million Americans, including more than 3.5 million Californians.
The Federal Communications Commission’s Enforcement Bureau (“Bureau”) took swift action to shut down a repeat robocaller trying to evade enforcement. On February 15, the Bureau issued a cease-and-desist letter to OneEye LLC (“OneEye”) ordering the company to investigate and take steps, including blocking, to mitigate suspected illegal robocalling traffic on its network.
The Federal Trade Commission and the Consumer Financial Protection Bureau (CFPB) are requesting comment on background screening issues affecting individuals who seek rental housing in the United States, including how the use of criminal and eviction records and algorithms affect tenant screening decisions and may be driving discriminatory outcomes.
The FTC, fresh off announcing a whole new division taking on “snake oil” in tech, has sent another shot across the bows of the over-eager industry with a sassy warning to “keep your AI claims in check.”
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