Randy Slovin

CFPB Bypasses Act of Congress and Renders FCRA Essentially Impotent – Two Likely Results: A Rise of Risky Lending or Difficulties in Obtaining Loans

INTRODUCTION             Recently, the Consumer Financial Protection Bureau (“CFPB”) issued an interpretive rule that came as a blow to the entire lending community. The interpretive rule effectively made a large portion of the Fair Credit Reporting Act (“FCRA”) useless, as it significantly narrowed the scope of the federal law and […]

Giving Back

Recently, I attended a concert by the classic British invasion rock band, The Who. They came to Cincinnati to perform in tribute to 11 young people whose lives were tragically taken from them at the band’s last concert in town. In 1979, a stampede of concertgoers trampled over others, all […]

The U.S. Student Loan Crisis

For generations, many Americans have viewed a college education as an essential step toward achieving success. A degree provides higher education and the credentials necessary to be considered for gainful employment. However, achieving a college degree has always come with its challenges. Besides requiring an academic record high enough to […]

Trump’s Financial Regulations Executive Order and the Future of the CFPB

On February 3rd, President Trump signed an executive order, marking the President’s first official step towards his plan to scale back on financial regulations.  Presidential Executive Order on Core Principles for Regulating the United States Financial System, signed 3 Feb 2017.  The order directs the Secretary of the Treasury and […]

FDCPA Class Award Limited Per Action

Statutory Award for Class Action Lawsuits Brought Against Multiple Defendants under the Fair Debt Collection Practices Act Limited to Per Action Basis   VIOLET P. BLANDINA, on behalf of herself and all others similarly situated, Plaintiff v. MIDLAND FUNDING, LLC, et al.   On February 2, 2015, the U.S. District […]