Earlier today, Richard Cordray, Director of the CFPB, announced he will be stepping down from the agency at the end of the month. Public Justice’s executive director, Paul Bland, issued the following statement in response to Cordray’s announcement:
On Monday, October 2, the U.S. Supreme Court will hear arguments in the most consequential labor law cases to come to the Court in a generation, which could fundamentally alter the balance of power between millions of American workers and the people who employ them. So why are so few people paying attention?
In a case called Romero v. Department Stores National Bank, for example, a consumer received literally hundreds of robocalls from the banks that issue Macy’s-branded credit cards, despite the fact that she repeatedly told them to stop calling her. The consumer sued the banks for violating the Telephone Consumer Protection Act—a statute that prohibits unwanted robocalls to cell phones. But the trial court held that the consumer lacked standing to bring her lawsuit.
In a speech in Toledo, Ohio, presidential candidate Hillary Clinton called for an end to forced arbitration clauses that are increasingly used by corporations to keep consumers, and workers, out of court.
The U.S. Court of Appeals for the Seventh Circuit announced that TransUnion – one of the three big credit reporting agencies and one of the most powerful corporations in America – went too far in trying to slip an arbitration clause past consumers in a way they wouldn’t notice.