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J.J. McCorvey on Muck Rack

J.J. McCorvey

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Covering consumer protection for @business. Prev: @NBCNews, @WSJ, @FastCompany, @Inc. TLDR: News, comics, the culture. Be kind to people.

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Articles

Ex-CFPB Enforcement Officials Launch Consumer-Focused Law Firm Original

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By J.J. McCorvey Verified
| Bloomberg Law Verified
Three former top enforcement officials at the are launching a public interest-focused law firm aimed at filling what they see as a void amid President ’s deregulatory drive. Eric Halperin, Cara Petersen and Tara Mikkilineni, who all departed the agency shortly after Trump returned to the White House, said on Tuesday the firm will fight against corporate practices that harm consumers, workers and small businesses.
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Kalshi, Polymarket: Gambling or Financial Products Under US Law?

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By Gillian Brassil Verified, J.J. McCorvey Verified
| Bloomberg Tax Verified
Prediction markets, which allow people to put money on everything from elections to sporting events, have grown into a multibillion dollar industry. Their rapid expansion has triggered a wave of lawsuits over one fundamental question: who gets to regulate them, states or the federal government? States argue many of the contracts offered on prediction market platforms are simply another form of gambling and fall under state gaming laws.
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Private Credit Is Betting on Consumer Debt at a Precarious Time

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By J.J. McCorvey Verified, Rene Ismail
| Bloomberg Law Verified
The private credit industry was dubbed “ ” as it took business away from traditional lenders. Buy Now, Pay Later companies have been referred to as hawking “ ” that falls outside Wall Street’s typical tracking methods. Now, these two more opaque corners of finance are overlapping in a big way — and catching the attention of credit raters, former regulatory chiefs and others on guard for potential risks as US consumers show mounting signs of strain.
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