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The Consumer Financial Protection Bureau's investigation calls some installment lenders' collection practices into question, but also highlights the ease of access that has made their loans so popular. ....
Judge approves UAW watchdog, triggers referendum vote on direct elections View Comments Detroit A federal judge judge Wednesday appointed a government watchdog to oversee the corruption-plagued United Auto Workers on Wednesday, one day after former President Dennis Williams was sentenced to 21 months in prison. The move by U.S. District Judge David Lawson to appoint New York attorney Neil Barofsky is part of a broader deal reached between federal prosecutors and the UAW to settle a long-running criminal investigation targeting the union. The appointment sets in motion a process that could give UAW members the first chance in the union s history to directly elect new leaders. ....
A former assistant U.S. attorney who was also a key player in stabilizing the economy in the 2008 financial crisis has been picked, pending court approval, as the independent monitor for the UAW as part of its consent decree related to the years-long corruption probe. The U.S. Attorney s Office in Detroit filed a court motion Monday requesting Neil Barofsky, a partner in the law firm of Jenner & Block, headquartered in Chicago, as the monitor. In that position he would oversee the upcoming election to determine how the UAW s top leaders are picked and would be authorized to remove corruption. ....