He is the former Attorney General of Ohio and he now serves as director of the Consumer Financial Protection Bureau. He tamed Jeopardy! nearly three decades ago as a five time winner, and is back on the show this evening as part of the “Battle of... Read More
Expressing disappointment that the Securities and Exchange Commission no longer is scheduled to consider whether to adopt rules that would require public companies to disclose their political spending, Harvard Law School Professor Lucian Bebchuk and Columbia... Read More
Arbitration clauses commonly are used by large banks in credit card and checking account agreements – and roughly nine out of 10 clauses allow banks to prevent consumers from participating in class actions, according to research just released by... Read More
The wave of financial fraud prosecutors joining private law firms is continuing – in fact, it appears to be accelerating. Consider that, in just the past couple of days, David Meister, who ran the enforcement unit at the Commodity Futures... Read More
Just days after the Federal Reserve and other bank regulatory agencies finalized the “Volcker Rule” under the Dodd-Frank Act, one large bank has reacted in a big way. Zions Bancorporation has determined that substantially all of its portfolio... Read More
The U.S. Commodity Futures Trading Commission (CFTC) has entered an order requiring foreign national Artem Obolensky of Moscow, Russia, to pay a $250,000 civil monetary penalty for making false and misleading statements of material fact to CFTC staff... Read More
As has been widely reported, five federal agencies today issued final rules to implement Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a/k/a the “Volcker Rule.” The final rules prohibit insured depository... Read More
Commissioner Bart Chilton of the Commodity Futures Trading Commission (“CFTC”) is calling the proposed funding for the agency in President Obama’s proposed fiscal year 2015 budget “woefully insufficient” given the agency’s... Read More
The Consumer Financial Protection Bureau (CFPB) has proposed a rule that would allow it to supervise certain nonbank international money transfer providers for the first time. The CFPB said that its proposed rule would bring new oversight to larger nonbank... Read More
Let’s get this out right at the beginning: #2 in Financial Fraud Law for the year, according to the Financial Fraud Law Blog , is: #2: Richard Cordray, Director of the Consumer Financial Protection Bureau. The Consumer Financial Protection... Read More