The AFSA proposal on privilege protection: needed fix or political roadblock? by Ballard Spahr LLP on 5/22/2012 Last week, the American Banker reported that while the legislative “fix” to the CFPB privilege waiver problem is stalled in the Senate, an alternative version of the legislation is being circulated in Congress. This...more
Massachusetts Releases Health Care Cost Containment Legislation by Mintz Levin - Health Law on 5/11/2012 Massachusetts continues to be at the national forefront of health care reform. Since becoming the first state in the nation to expand access aimed at universal health care coverage through Chapter 58 of the Acts of 2006,...more
Date’s remarks underscore Bureau’s focus on mortgage reform by Ballard Spahr LLP on 5/11/2012 On the heels of Director Cordray’s remarks about the CFPB’s focus on debt collection Deputy Director Raj Date spoke to mortgage industry members at MBA’s National Secondary Market Conference in New York City on May 7, 2012...more
House members keep fiscal heat on Director Cordray by Ballard Spahr LLP on 5/8/2012 Three members of the House Committee on Financial Services have sent a letter dated May 2, 2012 to Director Cordray to express their dissatisfaction with Mr. Cordray’s March 26 response to their February 22 written request...more
Lawmakers Request CFPB Budget Details by BuckleySandler LLP on 5/8/2012 On May 2, Republican members of the House Financial Services Committee sent a letter to CPFB Director Cordray following up on their initial request and the CFPB’s response, seeking additional details regarding the CFPB’s...more
Financial Services Legislative And Regulatory Update -- April 30, 2012 by Mintz Levin - Public Finance on 5/2/2012 In This Issue: Leading the Past Week; Legislative Branch; House of Representatives; Executive Branch; and Upcoming Hearings. Excerpt from Leading the Past Week This past week marked the beginning of...more
Cordray Acknowledgment of Possible Invalidity of His Appointment is Much Ado About Nothing by Ballard Spahr LLP on 5/1/2012 Recently a government watchdog organization known as Judicial Watch obtained, via a Freedom of Information Act request, a large number of documents about Richard Cordray, President Obama’s choice as Director of the CFPB....more
Bipartisan "Consumer Mortgage Choice Act" Introduced in U.S. House to Expand Dodd-Frank's Exemption for "Qualified Residential... by Saul Ewing LLP on 4/27/2012 Members of the U.S. House of Representatives from both parties filed on Thursday, March 29, 2012 the "Consumer Mortgage Choice Act" ("CMCA"). If enacted, CMCA would amend Dodd-Frank Act's calculation for determining if a...more
Episode 54 – Nature’s Path Founder Arran Stephens’ Fight Against GMOs by Wendel, Rosen, Black & Dean LLP on 4/12/2012 In Episode 54 of The Wendel Forum (originally aired on March 17, 2012, on 960 KNEW AM radio), show host Dick Lyons continues his conversations with attendees of Natural Products Expo West 2012 in Anaheim. The show sees...more
CFPB Submits First Annual FDCPA Report to Congress by BuckleySandler LLP on 3/29/2012 On March 20, the CFPB submitted to Congress its first annual report on the administration and enforcement of the Fair Debt Collections Practices Act (FDCPA). The CFPB inherited the annual reporting function as part of the...more
Obama Sets Out Privacy Framework; FTC and DAA Preview Privacy Priorities by Orrick, Herrington & Sutcliffe LLP on 3/8/2012 The White House Report. On February 23, 2012, the White House released a report entitled Consumer Data Privacy in a Networked World: A Framework for Protecting Privacy and Promoting Innovation in the Global Digital Economy,...more
Latest Legislative Attempt on Reverse Payment ANDA Settlements by McDonnell Boehnen Hulbert & Berghoff LLP on 2/29/2012 On February 9th, Congressman Bobby Rush (former "defense minister" of the Black Panther Party and representative for the Illinois 1st Congressional District; at right) joined Congressman Henry Waxman (below) in...more
White House Announces New Consumer Privacy Bill of Rights by Loeb & Loeb LLP on 2/24/2012 Today the White House released its long-awaited Privacy Report in which it unveiled a Consumer Privacy Bill of Rights intended to provide consumers with greater online privacy protection, and establish a blueprint...more
Legislative Update – Cybersecurity by Mintz Levin on 2/8/2012 As the 112th Congress gets underway, many continue to feel that partisan gridlock will block movement on significant legislation, leaving congressional activity to legislation that doesn’t require a heavy lift....more
THE CFPB: New Director, New Powers, New Threats - Political And Judicial by Patton Boggs LLP on 2/6/2012 Last week, the Senate held its first hearing on the Consumer Financial Protection Bureau (CFPB) following President Obama’s controversial recess appointment of former Ohio Attorney General Richard Cordray to lead...more