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National Law Journal

FTC Tells Paid 'Influencers' to Disclose When Instagram Posts Are #Ads

The Federal Trade Commission is keeping tabs on the growing trend of brands hiring so-called "influencers"—athletes, celebrities and others with large followings—to promote their products on social media. Up until Wednesday, the agency has put the burden of ensuring proper advertising disclosure on the brands. The agency sent 90 letters to influencers and marketers informing them of their responsibility to "clearly and conspicuously" disclose the business relationships behind social media posts.
12 minute read

Daily Report Online

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

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.
14 minute read

National Law Journal

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

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.
15 minute read

National Law Journal

Supreme Court May Clip SEC's Enforcement Power

A case argued Tuesday considers whether the use of "disgorgement" by the U.S. Securities and Exchange Commission should be considered a penalty subject to a five-year statute of limitations.
8 minute read

Litigation Daily

Bad News for Trump: Latest Travel Ban Case to Feature Live Testimony

Here's a travel ban case with a twist: live witnesses in court. On Tuesday, a federal judge in Washington, D.C. will allow testimony from witnesses including a Sheppard Mullin partner. The move seems distinctly advantageous to the plaintiffs, represented by an army of lawyers from Arnold & Porter.
18 minute read

The Recorder

California Prepares to Ramp Up Push for Marijuana Rules

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.
10 minute read

National Law Journal

CFPB Sues Ohio Law Firm Over Debt-Collection Practices

For the second time this year, the Consumer Financial Protection Bureau has accused a law firm of using overly aggressive debt collection tactics.
4 minute read

National Law Journal

Porzio Rises in DC, Firms Get New In-Town Leaders, Trump Settlements Pile Up

Washington Wrap is a weekly roundup of Big Law hires and other Washington, D.C., legal industry news.
7 minute read

National Law Journal

4th Circuit Mulls Livestreaming Travel Ban Hearing

The decision to have a live broadcast would mark the first time the appeals court has done so. Audio recordings of hearings are generally available the following day.
10 minute read

New York Law Journal

New Chief Picked for Eastern District's Business, Securities Fraud Section

Jacquelyn Kasulis, the lead prosecutor of Martin Shkreli, has a history of prosecuting white-collar crime.
4 minute read

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