Christopher Peterson Profile picture
Law Professor @UUtah. Democratic Party Nominee for Governor of Utah. Consumer protection, health care, education, affordable housing, environmental stewardship.
May 9, 2018 10 tweets 6 min read
This morning the Trump Admin. announced in an @CFPB staff meeting that it will shutter the @CFPB office dedicated to protecting student loan borrowers. This will affect 44 million people and $1.5T in loans. Reactions to this awful development in this thread: 1/ This @CFPB office helped hold @WellsFargo accountable for illegal student loan debt collection.…
Mar 17, 2018 13 tweets 8 min read
Late Friday @USOCC sneaked out a profoundly troubling one-page order on bank sponsorship of payday loans. The Trump admin is rescinding a 2002 restriction on #RentABank partnerships with the notorious payday lender @ACECash. Reactions in this thread:… 1/ Throughout most of American history nearly every state had state interest rate caps prohibiting payday loans. In 1978 the Supreme Court controversially held the state interest rate cap of a bank’s home state applies when the bank “export’s” its loans across state lines.