As part of his campaign for election, New York City Mayor Zohran Mamdani vowed to make New York City more affordable. To that end and as part of his affordability initiative, he has issued Executive Orders 9 and 10 intended to crack down on “junk fees” and “subscription tricks and traps,” using the New York City Department of Consumer and Worker Protection (DCWP) to implement the initiative.… Continue Reading

The CFPB has entered into a partnership with another local government.  According to a New York City press release, on April 2,  Mayor Michael Bloomberg and CFPB Director Cordray announced a partnership between New York City, the CFPB, and the Mayor’s Cities for Financial Empowerment (CFE) Fund to help cities around the country enhance their local consumer protection and financial empowerment abilities. … Continue Reading