Wells Fargo Board Actively Considering Executive Clawbacks

Wells Fargo’s board of directors is “considering whether to claw back pay from former retail-banking head Carrie Tolstedt as well as from Chief Executive John Stumpf.” This deliberation comes in the wake of the bank’s recent scandal (read our post about it here). “The board wants to take action before Mr. Stumpf returns to Capitol Hill;… Continue reading Wells Fargo Board Actively Considering Executive Clawbacks

Soaring Student Debt Prompts Calls for Relief

The Wall Street Journal posted an interesting article yesterday about how the soaring student debt has prompted lobbying from numerous private sectors. The concern is not surprising: student debt has tripled over the last ten years to more than $1.3 trillion. For some perspective, the federal government’s loan portfolio (topping $1 trillion) “is big enough… Continue reading Soaring Student Debt Prompts Calls for Relief

Regulators Propose Massive Overhaul of Debt-Collection Industry

The Consumer Financial Protection Bureau released a new proposal today that states that debt-collectors would no longer be allowed to call consumers multiple times a day and that consumers would have more ability to dispute their bills. Furthermore the new rules would require that “collectors […] have more documentation to prove a debt is owed, and… Continue reading Regulators Propose Massive Overhaul of Debt-Collection Industry

US Court of Appeals Upholds FCC Net Neutrality Laws

On Tuesday, July 14th, the US Court of Appeals in Washington, DC upheld the government’s net neutrality rules in a 2-1 ruling. The Federal Communications Commission’s (FCC) rules force internet providers such as Verizon, AT&T, and Comcast to treat all online traffic equally. This keeps internet providers from favoring their own services or partners while… Continue reading US Court of Appeals Upholds FCC Net Neutrality Laws