September 19, 2017 | National Law Journal
The CFPB, Often a Winner in Court, Hit a Rough Patch This SummerThe Consumer Financial Protection Bureau has returned billions of dollars to consumers while confronting abuses carried out by large banks, mortgage lenders and law firms—successes that are reflected in the agency's court record and settlements. But the CFPB has also suffered a string of setbacks this summer. Proponents of the agency caution not to read too much into the losses—the CFPB, they say, is willing to litigate. Still, others see an agency that's still pushing the limits of its authority.
By C. Ryan Barber
26 minute read
September 19, 2017 | National Law Journal
Venture Capital Advocates Sue Trump Over Delayed Foreign Entrepreneur RuleThe Trump administration is unlawfully delaying a rule that would allow foreign entrepreneurs to travel or remain in the United States for at least two years to work on business development, according to a new lawsuit that startups and venture capital advocates filed Tuesday in Washington federal district court.
By C. Ryan Barber
4 minute read
September 18, 2017 | Legaltech News
Equifax Executives' Stock Sales Raise 'Fundamental Questions' Tied to BreachHere's a snapshot from the Dorsey & Whitney report about issues surrounding the stock sales, and guidance for companies that are watching how Equifax responds to the cyber breach for any wider lessons about what to do.
By C. Ryan Barber
16 minute read
September 15, 2017 | National Law Journal
Equifax Executives' Stock Sales Raise 'Fundamental Questions' Tied to BreachEquifax Inc. has maintained that three executives were unaware of a massive data breach when they made stock trades on Aug. 1—worth more than $1 million—days after the company discovered the attack. Still, published reports about the stock sales raise "fundamental questions," two partners at the law firm Dorsey & Whitney said in an article published Friday at the Harvard Law School Forum on Corporate Governance and Financial Regulation.
By C. Ryan Barber
4 minute read
September 15, 2017 | Inside Counsel
Equifax Executives' Stock Sales Raise 'Fundamental Questions' Tied to BreachJust days after Equifax Inc. discovered it had been hacked, three executives sold off $1.8 million worth of shares, a move that would avoid the…
By C. Ryan Barber
5 minute read
September 14, 2017 | National Law Journal
FTC's Top Consumer Enforcer Previously Represented Equifax. He Won't Lead the Probe.The interim head of the Federal Trade Commission division that traditionally conducts data security investigations has recused from the agency's investigation into the Equifax breach because he previously represented the company while at the law firm Arnall Golden Gregory.
By C. Ryan Barber
11 minute read
September 12, 2017 | National Law Journal
Davis Polk Partner Picked for State Dept. Legal Adviser Discloses $1.5M Partner ShareDavis Polk & Wardwell partner Jennifer Newstead, a veteran of the George W. Bush administration whom President Donald Trump nominated for U.S. State Department legal adviser, reported earning a $1.5 million partnership share between January 2016 and May of this year, according to documents the U.S. Office of Government Ethics posted Tuesday.
By C. Ryan Barber
4 minute read
September 11, 2017 | National Law Journal
Equifax, Before Breach, Lobbied to Limit Class-Action DamagesIn the months before revealing a data breach that potentially exposed the personal information of nearly half the adult U.S. population, Equifax Inc. turned to the firm Akin Gump Strauss Hauer & Feld in Washington to help convince U.S. lawmakers to reduce penalties for companies that violated the federal fair credit-reporting law.
By C. Ryan Barber
5 minute read
September 09, 2017 | National Law Journal
FTC's First Action Against a Social Media 'Influencer' Might Not Be LastThe Federal Trade Commission in several cases has faulted social media "influencers" for failing to disclose the payments behind their seemingly organic endorsements. But the FTC had only reached settlements with the companies, raising a question of when—if ever—the agency would directly go after the influencers. That time has come. The agency this week took its first action against an influencer.
By C. Ryan Barber
5 minute read
September 08, 2017 | Inside Counsel
FTC's First Action Against a Social Media 'Influencer' Might Not Be LastIn 2015, Machinima, a California-based online entertainment network, caught the eyes of federal regulators for paying so-called social media…
By C. Ryan Barber
5 minute read
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