Consumer Finance Policy Critic

Ronald L. Rubin

9 articles 2016–2018

Ronald L. Rubin is a legal and regulatory policy commentator who contributed to The Weekly Standard between 2016 and 2018. His articles focused heavily on the Consumer Financial Protection Bureau, its regulatory overreach, and the political battles surrounding it, including the roles of Elizabeth Warren and Mick Mulvaney. He brought a critical perspective to consumer finance regulation and Washington bureaucratic power.

Have You No Sense of Decency, Senator Warren?

December 6, 2017 · CFPB, Today's Blogs, Elizabeth Warren

This year’s strangest political story may be Elizabeth Warren’s attempted coup of the Consumer Financial Protection Bureau, the federal agency created by the 2010 Dodd-Frank Act.

How a Washington Bureaucrat Tricked President Trump

October 12, 2017 · Wells Fargo, CFPB, Today's Blogs

For several months, the worst-kept secret in Washington has been that Richard Cordray, the Consumer Financial Protection Bureau’s first director, will resign and enter the 2018 Ohio governor’s race. The best-kept secret may be that Cordray decided not to resign the day Donald Trump was elected, and…

The Wells Fargo Case: This is Consumer Protection?

September 19, 2016 · Wells Fargo, federal government, CFPB

Recent news that Wells Fargo employees had opened as many as two million unauthorized customer bank and credit card accounts since 2011 was shocking. The bank fired 5,300 workers and agreed to pay $185 million in fines to the Los Angeles City Attorney, the Comptroller of the Currency, and the…

Collection Agency

August 26, 2016 · CFPB, Lending, Magazine

The Consumer Financial Pro­tection Bureau just celebrated its fifth anniversary by releasing an outline for new debt collection rules that will encourage consumers to avoid paying their debts.

A Good Day for Loan Sharks

June 2, 2016 · Loan, CFPB, Lending

Despite strong opposition from federal and state elected officials of both parties, including a bill sponsored by Democratic National Committee chair Debbie Wasserman Schultz, the Consumer Financial Protection Bureau is about to eliminate the only credit available to millions of low income…

The Art of the Con

March 18, 2016 · 2016 Elections, Donald Trump, Blog

The chorus of politicians and critics calling Donald Trump a con artist grows louder every day. During my seven years as an enforcement attorney at the Securities and Exchange Commission, I got a close-up view of many con artists and their scams. Watching Mr. Trump gives me an acute feeling of déjà…

The Rogue Regulator

February 5, 2016 · Finance and Banking, CFPB, Elizabeth Warren

The 2010 Dodd-Frank Act established the Consumer Financial Protection Bureau and authorized it to sue companies that commit “unfair, deceptive, or abusive acts or practices." Two staff reports and internal CFPB documents just released by congressional Republicans have exposed the new agency's…