July 21, 2017 | National Law Journal
Wells Fargo Whistleblower in Sham-Accounts Scandal Wins Reinstatement, Back PayThe U.S. Department of Labor on Friday ordered Wells Fargo & Co. to reinstate a former branch manager fired for blowing the whistle on three subordinates who were opening new accounts for customers without their knowledge—the conduct at issue in the bank's $185 million settlement last year with federal regulators and the Los Angeles City Attorney's Office.
By C. Ryan Barber
14 minute read
July 21, 2017 | National Law Journal
SEC Whistleblowers in Line for Windfall, and FTC Probes Amazon: RoundupThe Trump administration is touting the number of federal regulations that are on the chopping block. Exxon Mobil Corp.'s suing the U.S. Treasury Department over a $2 million fine for violating Russia sanctions. The Federal Trade Commission's looking at Amazon.com's discounting practices. And financial regulators appear to be pulling back on a plan to restrict Wall Street bonuses. This is a weekly roundup from ALM and around the web.
By C. Ryan Barber
5 minute read
July 19, 2017 | National Law Journal
Mayer Brown's Andy Pincus, Defender of Arbitration, Takes on CFPB RuleAn appellate lawyer who is likely to figure prominently in the anticipated challenge to the Consumer Financial Protection Bureau's arbitration rule took aim at the new regulation Wednesday, saying it was "not rooted in reality" and showcased the pitfalls of insulating an agency from the political process.
By C. Ryan Barber
5 minute read
July 18, 2017 | National Law Journal
CFPB Sets Up Summer Showdown Over Arbitration RuleThe Consumer Financial Protection Bureau is moving forward on a rule that would restrict arbitration agreements that block consumers from bringing class actions against banks. Now, it's game on for the rule's supporters and opponents. The battle may not be confined to Capitol Hill. Ready for a "legal hail Mary"?
By C. Ryan Barber
13 minute read
July 17, 2017 | National Law Journal
'Dear Rich,' Dear Keith': Friendly in Their Letters, Foes Over ArbitrationKeith Noreika, acting comptroller of the currency, and Richard Cordray, director of the Consumer Financial Protection Bureau, are sparring over the CFPB's new, and controversial, push to restrict arbitration agreements that ban class actions in the banking and finance industries. Here's some of the back and forth between Keith and Rich.
By C. Ryan Barber
13 minute read
July 14, 2017 | National Law Journal
Kentucky Law Firm Beats CFPB's Kickback ClaimsA Kentucky real estate law firm on Thursday prevailed against the Consumer Financial Protection Bureau's accusations that attorneys orchestrated a web of shell companies to make improper payments for referrals.
By C. Ryan Barber
4 minute read
July 14, 2017 | National Law Journal
CFPB Quarrels With OCC Over Arbitration Rule, Clayton's Agenda, and Uber Drivers Win Class Ruling: RoundupThe Consumer Financial Protection Bureau and the OCC are fighting over a new rule that would curtail forced arbitration in the banking industry. Uber drivers win a class certification ruling. SEC Chairman Jay Clayton lays out his agenda. This is a weekly regulatory roundup from ALM and around the web.
By C. Ryan Barber
4 minute read
July 13, 2017 | Daily Report Online
Bradley Arant's Paul Compton, Trump's Pick for HUD GC, Will Face Senate TestJerome Paul Compton, the Trump administration's pick for general counsel at the U.S. Department of Housing and Urban Development, pulled in nearly $1.2 million between January 2016 and late March of this year from his work in the Birmingham offices of Bradley Arant Boult Cummings, according to a financial disclosure form. Compton's confirmation hearing is set for July 18.
By C. Ryan Barber
17 minute read
July 12, 2017 | National Law Journal
Deborah Feinstein, FTC's Top Antitrust Enforcer, Returns to Arnold & PorterAfter nearly four years as the Federal Trade Commission's top antitrust enforcer, Debbie Feinstein is returning in September to Arnold & Porter Kaye Scholer, where she will lead the global antitrust group, the firm said Wednesday.
By C. Ryan Barber
23 minute read
July 11, 2017 | National Law Journal
The CFPB Wants to Create an Arbitration Database. Companies Will Hate That.When the Consumer Financial Protection Bureau expanded its public database to include narratives of negative customer experiences, banks such as…
By C. Ryan Barber
5 minute read
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