CEI Asks Court to Compel FCC to Respond to Petition on Charter Cable Merger

After over a year and a half without response from the agency, the Competitive Enterprise Institute is representing individuals taking the Federal Communications Commission to court regarding the 2016 Charter/Brighthouse/Time Warner cable merger. Arguing that the FCC has a statutory obligation to respond to CEI’s June 2016 petition, CEI today requests the United States Court of Appeals for the District of Columbia to compel the agency to fulfill its duty to…

WSJ: Where Was CFPB While Wells Fargo Plundered?

F. Paul Bland asserts (Letters, Sept. 12) that the Consumer Financial Protection Bureau rule is necessary to avoid “immunity” for Wells Fargo for creating fake accounts. Like most antiarbitration rhetoric, this is fiction. The CFPB’s antiarbitration rule isn’t even in effect, yet government authorities (not class-action lawyers) required Wells Fargo to provide full restitution for consumers, fined the bank an additional $185 million in addition to Wells Fargo losing substantial market share from…

WSJ: Congress Can Rescind the CFPB’s Gift to Trial Lawyers

Do Americans need more lawsuits? They’ll get them if the Consumer Financial Protection Bureau has its way. The CFPB—created by the Dodd-Frank Act of 2010 and still run by an Obama appointee—issued a rule in July barring financial institutions from including arbitration clauses in their contracts with customers. That means disputes would have to be settled by class-action lawsuits, which mostly benefit lawyers. The agency justifies its rule by claiming it…

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