Caitlin Cattelino of Defenders of Wildlife writes that "[t]he first month of the Trump administration has ushered in a new era of uncertainty for the future of our nation’s treasured public lands, unique biodiversity, and conservation values. And with the frenzy of executive orders, cabinet nominations, and protests across the country, it may have been […]
The DC Circuit today granted the CFPB’s petition for rehearing en banc of the decision holding its structure unconstitutional. The court vacated the October 2016 decision (see Brian's October post here) and set a quick briefing schedule, with the petitioner's s opening brief due on March 10 and the CFPB's due on March 31. It […]
Here. Excerpt: [T]here are three cases before the Supreme Court at various stages that not only deal with the CFPB, but with federal regulations that some fear that Trump's nominee, Neil McGill Gorsuch, currently a judge on the U.S. Court of Appeals for the Tenth Circuit, will have no patience with. Correction: An earlier version […]
Here is Politico's answer: SHOULD TRUMP HEAR FROM CONSUMER GROUPS? – St. John's University law school's Jeff Sovern emails: "You reported today that the president 'will participate in a listening session with the Retail Industry Leaders Association and member company CEOs.' You have reported a number of sessions in which the president met with CEOs. […]
Here. Excerpt: More than a dozen Republican senators are backing a bill to give Congress greater control and oversight of the Consumer Financial Protection Bureau (CFPB). Sen. David Perdue (R-Ga.) will introduce a bill Wednesday to let Congress control the CFPB’s budget, his office told The Hill on Wednesday. Called the Consumer Financial Protection Bureau […]
"Senate Democrats on Tuesday enlisted Janet L. Yellen, the Federal Reserve chairwoman, as an expert witness against Republican plans to roll back postcrisis financial regulations. In testimony before the Senate Banking Committee, Ms. Yellen said repeatedly that the new safeguards were effective and that regulation was not impeding economic growth." The New York Times article […]
The New York Times reports today: President Donald Trump's vow to roll back government regulations at least 75 percent is causing anxiety for some pharmaceutical executives that a less robust Food and Drug Administration would make it harder to secure insurance coverage for pricey new medicines. The prospect of big change at the regulatory agency […]
by Jeff Sovern Here is the full text of the House bill: The Consumer Financial Protection Act of 2010 is hereby repealed and the provisions of law amended or repealed by such Act are restored or revived as if such Act had not been enacted. The Senate bill is here. At least it has the […]
Our regular readers probably also check in with Credit Slips, but in case anyone doesn't, Georgetown's Adam Levitin has a pair of posts that merit attention. First, he fact-checks a recent Jeb Hensarling WSJ op-ed about the CFPB, and then he seeks comment on this question: What Would a CFPB Commission Have Done Differently?
Here. Markup on the bills is schedule for tomorrow. Excerpt from Frankel's piece: The bill would limit class certification to class actions in which plaintiffs all “suffered the same type and scope of injury” and would bar certification unless courts can ascertain class membership and assure that only injured plaintiffs recover. Class action lawyers would […]