Consumer Complaints by Demographic Characteristics: A CFPB Study In September 2021, the Consumer Financial Protection Bureau (“CFPB”) published a comparison of communities across the United States to assess consumer complaints in relation to various socioeconomic population segments*. Specifically, the case study found that complaints lodged by non-Caucasian populations varied starkly from segments of the […]
Consumer Trends, Litigation, and the Current Pandemic Environment Only several months ago vaccines became available for much of the United States population and, as a result (seemingly), consumer credit and spending confidence spiked in the U.S. to a record high in June 2021. That is, June saw the highest growth in consumer credit in U.S. […]
Proposed Data Protection Act of 2021 Recently, a measure was re-introduced in the United States Senate by Senator Kirsten Gillibrand (D—NY) which, if enacted, would create an agency akin to the Consumer Financial Protection Bureau (“CFPB”) for the purpose of “regulatory oversight of data.” The renewed legislation is entitled the Data Protection Act of 2021, […]
