June 20, 2017 | National Law Journal
Humana Calls FTC Subpoena a 'Fishing Expedition,' and Then Gets SuedA Washington federal judge has set a showdown for Thursday between Humana Inc. and the Federal Trade Commission over whether the insurer will be forced to disclose documents the agency says it needs for its investigation of Walgreens Boots Alliance Inc.'s proposed $7 billion acquisition of Rite Aid Corp.
By C. Ryan Barber
9 minute read
June 20, 2017 | National Law Journal
US Chamber Renews Criticism of IRS 'Outsourcing' Audits to Law FirmsThe U.S. Chamber is seizing on the Trump administration's review of tax regulations in urging the IRS to rescind its authority to retain outside counsel for audits. The agency's contract with Quinn Emanuel several years ago, to examine Microsoft, drew criticism.
By C. Ryan Barber
15 minute read
June 17, 2017 | National Law Journal
Trump Administration Has a Big Thing Against Public DatabasesCompanies, raising reputational concerns, have long griped about agencies that post consumer complaints and other data. Republicans and Trump administration agencies are now taking up that cause. A U.S. Treasury report recommends restricting public access to the CFPB's online complaint database. Consumer advocates are crying foul.
By C. Ryan Barber
8 minute read
June 16, 2017 | Legaltech News
Trump Administration Has Big Thing Against Public DatabasesCompanies, raising reputational concerns, have long griped about agencies that post consumer complaints and other data. Republicans are now taking up that cause.
By C. Ryan Barber
7 minute read
June 16, 2017 | National Law Journal
Who Is Rachel Brand? What to Know About Main Justice's No. 3.Deputy Attorney General Rod Rosenstein faced mounting pressure Friday to recuse himself from overseeing the investigation of Russia's alleged meddling in the 2016 presidential election. His recusal could push Rachel Brand, the No. 3 in command at Main Justice, into a greater national spotlight. Brand was the first woman to ever serve as associate attorney general. Here are highlights from her career, which includes stints in Big Law at Wilmer Hale, and running the SCOTUS murder boards for Justices John Roberts Jr. and Samuel Alito Jr.
By Cogan Schneier and C. Ryan Barber
8 minute read
June 16, 2017 | National Law Journal
Watson Comes to Wall Street, Amazon Faces Overtime Suit: Regulatory RoundupWatson comes to Wall Street. There might be fewer financial regs to comply with in the coming months. Draft federal legislation would block states from setting driverless car rules. Uber faces more regulatory and labor compliance headaches. An AARP lawyer wants regulators to take a fresh look at mandatory retirement policies at big firms. This is a roundup from ALM and around the web.
By C. Ryan Barber
4 minute read
June 13, 2017 | National Law Journal
Financial Lobby Groups Reject CFPB's Criticism of Deferred-Interest as 'Risky'Top lobbying groups for the financial industry are pushing back against the Consumer Financial Protection Bureau as the regulator ratchets up pressure on credit products that can lure in customers with zero-interest terms but later surprise them with high charges.
By C. Ryan Barber
10 minute read
June 12, 2017 | National Law Journal
Treasury Report, Mirroring Industry Complaints, Proposes Curbing the CFPBThe U.S. Treasury Department on Monday slammed the Consumer Financial Protection Bureau as "unaccountable to the American people" and laid out sweeping reforms that hew closely to legal challenges brought by financial companies and to a U.S. House Republican plan to curb the power of the Obama-era agency.
By C. Ryan Barber
5 minute read
June 12, 2017 | Inside Counsel
Fiduciary Rule Goes Live, and SEC Calls Cyber the Biggest Market Threat: Regulatory RoundupWelcome to our weekly roundup of regulatory news. I’m C. Ryan Barber here in Washington. Reach me at [email protected] and on Twitter: @cryanbarber.The…
By C. Ryan Barber
5 minute read
June 09, 2017 | National Law Journal
CFPB Just Withdrew Investigative Subpoena. That Doesn't Happen OftenThe Consumer Financial Protection Bureau this week retreated from an investigation into J.G. Wentworth, a year after suing the financial services firm in Philadelphia federal district court to force the company to disclose thousands of pages of documents.
By C. Ryan Barber
4 minute read
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