Legislation

  • National Law Journal

    Republicans Want to Rename CFPB the 'Consumer Law Enforcement Agency'

    By C. Ryan Barber | April 20, 2017

    Rep. Jeb Hensarling, R-Texas, chairman of the House Financial Services Committee, is proposing to rename the Obama-era Consumer Financial Protection Bureau to the "Consumer Law Enforcement Agency." The proposed change was tucked into a nearly 600-page draft of Hensarling's new Financial Choice Act, which the House Financial Services Committee is set to discuss at a hearing April 26.

  • The Recorder

    California Judges Are Told to Stay Away from Pot Businesses

    By Cheryl Miller | April 19, 2017

    California judges and their spouses should not hold a financial interest in marijuana enterprises, even though medical and recreational cannabis use is legal in California, a state Supreme Court ethics committee said in a formal opinion Wednesday.

  • New Jersey Law Journal

    Porrino Talks Outside Counsel Spend, Doing 'More With Less'

    By David Gialanella | April 19, 2017

    Among the myriad topics New Jersey Attorney General Christopher Porrino was asked to address by lawmakers was the Department of Law and Public Safety's proposed budget reductions, and how that might square with outside legal fees.

  • The Recorder

    Lawmaker's Push for Zero-Emission Autonomous Vehicles Fizzles

    By Cheryl Miller | April 18, 2017

    Faced with opposition from the tech lobby, a Bay Area lawmaker has gutted legislation that would have required self-driving cars registered in California to be zero-emission vehicles.

  • Daily Report Online

    How a Georgia Company Emerged as a 'Major Opponent' to CFPB

    By C. Ryan Barber | April 18, 2017

    Netspend and its parent company Total System Services have spent hundreds of thousands of dollars lobbying on prepaid card rules and other regulatory matters. The two companies are not backing down. Netspend is pushing the Consumer Financial Protection Bureau to delay its new rule, and on Capitol Hill, Total System Services is jumping into an effort, sponsored by Republican lawmakers, to tear up the new regulation.

  • National Law Journal

    How a Prepaid Card Company Emerged as a 'Major Opponent' to CFPB

    By C. Ryan Barber | April 18, 2017

    Netspend and its parent company Total System Services have spent hundreds of thousands of dollars lobbying on prepaid card rules and other regulatory matters. The two companies are not backing down. Netspend is pushing the Consumer Financial Protection Bureau to delay its new rule, and on Capitol Hill, Total System Services is jumping into an effort, sponsored by Republican lawmakers, to tear up the new regulation.

  • The Recorder

    California Prepares to Ramp Up Push for Marijuana Rules

    By Cheryl Miller | April 17, 2017

    California's approval of recreational marijuana in November launched a process that requires the state to have regulations on the books by Jan. 1, 2018. The sprint to develop new rules starts in earnest in the Legislature this week, where committees are scheduled to take up for the first time many of the nearly 40 related bills introduced this year.

  • National Law Journal

    CFPB Faces 'Rock and a Hard Place' in Pushing Arbitration Rule

    By C. Ryan Barber | April 13, 2017

    The question hanging over the CFPB's arbitration rule—a proposal that drew tens of thousands of comments from consumer and business advocates—is less now about the finer points of the final rule than about whether the regulations will ever see the light of day at all. For the agency, the threat of a congressional override is not abstract. Republican lawmakers in the House and Senate proposed bills to tear up the CFPB's prepaid card rule.

  • National Law Journal

    Big Law Bench Runs Deep in $655M Terror Case at High Court

    By Marcia Coyle | April 12, 2017

    Thirteen years after suing the Palestine Liberation Organization and the Palestinian Authority—and winning a $655 million jury award in 2015—the American victims and estates of victims of a series of bombings and shootings in Israel are asking the justices to overturn a federal appeals court decision that jettisoned them out of court.

  • National Law Journal

    'Time Flies When You're Having Fun,' CFPB's Cordray Tells Republicans

    By C. Ryan Barber | April 5, 2017

    Republicans on Wednesday seized on their first chance chance to confront CFPB Director Richard Cordray since the November election, stepping up their calls for the director to be fired or to step down willingly—perhaps to pursue his rumored interest in the Ohio governor's race. Cordray's appearance on Capitol Hill was also the first since an appeals court, ruling for the mortgage lender PHH Corp., said the CFPB's single-director scheme is unconstitutionally structured.

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