News & Analysis as of

Consumer Protection Administrative Agency Business Organization

Read Consumer Protection updates, news, and legal commentary from leading lawyers and law firms:

Financial Services Report – Winter 2017

by MoFo Reenforcement on

EDITOR’S NOTE - The holidays came early for the financial services industry. First, the Senate voted to repeal the CFPB’s rule banning class waivers in arbitration agreements in consumer financial contracts. Then,...more

A Conversation on CMS’ Emergency Preparedness Compliance for Healthcare Providers

by Carlton Fields on

Hurricane Irma recently wreaked havoc on the Caribbean and much of the state of Florida. In the storm's aftermath, ten residents of a South Florida nursing facility died because the facility lost power, and did not have...more

Court of Appeals Says CFPB Is Unconstitutional; Rejects Agency Effort to Apply New Interpretation of Law Retroactively

by Dechert LLP on

The courts are now reacting to what some view as regulatory overreach flowing from U.S. laws enacted in the wake of the financial crisis. The most recent example is the October 11, 2016 decision of the U.S. Court of Appeals...more

CPSC Civil Penalty Trend Continues

by Morrison & Foerster LLP on

At the end of last year, we reported that the U.S. Consumer Product Safety Commission issued $12.2 million in civil penalties in 2014, more than double the amount issued in 2013. The number of companies fined increased as...more

CPSC Seeks to Hold Former CEO Responsible for Buckyballs® Recall

by Morrison & Foerster LLP on

Last week the Consumer Product Safety Commission (CPSC) obtained an unprecedented ruling when Administrative Law Judge (ALJ) Dean Metry granted leave to name Craig Zucker in an administrative complaint against Maxfield and...more

Governor Signs New Law On Disability Access Complaints

California has been a haven for plaintiffs’ attorneys suing for ADA (American With Disabilities Act) violations because of existing law that provided up to $4000 in statutory damages, along with attorneys fees for every...more

Governor Signs New Law On Disability Access Complaints

California has been a haven for plaintiffs’ attorneys suing for ADA (American With Disabilities Act) violations because of existing law that provided up to $4000 in statutory damages, along with attorneys fees for every...more

Proposed “Safer Consumer Product Regulations”

Draft regulations regarding toxic substances in consumer products were issued for comment by the California Department of Toxic Substances Control (DTSC) on July 27, 2012. Referred to as the “Safer Consumer Product...more

Current Issues in Securities Regulation (Presentation)

by Dentons on

In this presentation, FMC's Mark Evans discusses the current issues in the area of Securities Regulation, including whether or not to settle in the face of civil risk, and the protection of elderly investors. Learn more...more

Lawsuit Against Airline Over Misleading Fees

Companies often charge additional fees that increase the final cost of a product or service. In some industries, such as telecommunications and airlines, fees imposed by the government may be passed on to consumers. In...more

An Uplifting Look into Non-Bank Supervision

by Foley & Lardner LLP on

Legislation was introduced in Congress August 2, 2012 that would prevent the Federal Reserve from designating nonbanks as systemically significant. This bill is significant, because it in effect prevents the Federal Reserve...more

Measuring Deterrence: How Big a Fine Will Deter Corporate Crime?

by Michael Volkov on

The Justice Department takes a lot of flack from the business community for settling civil and criminal cases with large fines and penalties. The recent GlaxoSmithKline settlement of $3 billion underscored an important...more

CFPB’s First Enforcement Action Warns Financial Institutions About Liability for Third Party Activities on their Behalf; Related...

This article by Victoria Holstein-Childress discusses the CFPB’s first enforcement action, announced July 18, 2012, which together with a parallel OCC enforcement action required a major bank to pay $210 million to settle...more

U.S. Consumer Financial Protection Bureau Issues Regulation Protecting Privileged Information from Waiver of Privilege

by Dechert LLP on

As discussed in our February 15, 2012, DechertOnPoint “Building Consumer Financial Protection Bureau Relationships,” a significant controversy has arisen as to whether supervised institutions providing privileged information...more

Money Laundering and Regulatory Enforcement Risks for Non-Banks

by Michael Volkov on

It is not hard to read the tea leaves when it comes to government criminal and civil enforcement programs. Prosecutors and regulators try to jawbone the industry into compliance by threatening criminal and/or civil...more

CFPB Selects Director for Office of Minority and Women Inclusion

by Ballard Spahr LLP on

On April 30, the CFPB announced the appointment of Stuart Ishimaru as Director of the CFPB’s Office of Minority and Women Inclusion (OMWI). As we reported, the Dodd-Frank Act required the CFPB and various other federal...more

Bill Illustrates Ils Besetting Corporate Fraud Fund

by Allen Matkins on

In 2002, the Legislature enacted AB 55 creating the victims of corporate fraud fund. Since the fund was created, it has collected about $15 million and nearly 800 claims have been submitted. In a devastating article...more

Consumer Financial Protection Bureau Launches Supervision Program for Nonbanks

by Richik Sarkar on

Consumer Financial Protection Bureau Launches Supervision Program for Nonbanks On January 5, 2012, the United States Consumer Financial Protection Bureau (CFPB) officially began the first federal nonbank supervision...more

State and Federal Agencies Continue to Scrutinize For-Profit Colleges

by Franczek Radelet P.C. on

Last fall, Franczek Radelet reported on the Department of Education’s increased regulations of the for-profit higher education industry. Other state and federal agencies have now joined in scrutinizing the recruitment and...more

The Federal Reserve Begins Regulating Thrift Holding Companies

The Federal Reserve Board took its first steps last week into the world of regulating savings and loan holding companies. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Office of Thrift Supervision,...more

Man Bites Dog: SEC Staff Overrules Congress

by Allen Matkins on

Yesterday, Broc Romanek reported in his blog that the Securities and Exchange Commission staff has posted several new Compliance and Disclosure Interpretations with respect to Say-on-Pay. In particular, I noted that the...more

FDA Publicly Releases Guidelines for Park Prosecutions Following FOIA Appeals

by Ropes & Gray LLP on

The Food and Drug Administration (FDA) advised Ropes & Gray today that it has published its criteria for Park doctrine prosecutions of responsible corporate officers in its Regulatory Procedures Manual. Under United States v....more

SEC Schedules Open Meeting to Discuss Say-on-Pay Proposed Rules and Changes to Accredited Investor Definition

On January 25, the Securities and Exchange Commission will hold an open meeting to discuss, among other matters, whether to adopt rules to implement Section 951 of the Dodd-Frank Wall Street Reform and Consumer Protection...more

SEC Proposes Say-on-Pay Rules

by Mintz Levin on

Advisory Votes on Executive Compensation and “Golden Parachute” Compensation, and Frequency of the Executive Compensation Vote The Securities and Exchange Commission (SEC) has proposed rules regarding shareholder advisory...more

Revisiting Your Corporate Bylaws — Now's the Time to Address the Changing Landscape

by Morrison & Foerster LLP on

A number of important regulatory, legislative and market developments over the last two years have made this an ideal time to revisit your corporate bylaws in order to determine whether changes should be made to reflect...more

36 Results
|
View per page
Page: of 2
Cybersecurity

Follow Consumer Protection Updates on:

"My best business intelligence,
in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.