As the New York Times reports today, Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. The two banks highlighted are foreign banks, BNP Parabas and […]
Our readers may be interested in Collection of Student Loans: A Critical Examination by law professor Doug Rendelman and lawyer Scott Weingart. Here is the abstract: Although the collection of college student loans centers this article, some background precedes its main topic. It begins by defining and distinguishing federal and private student loans. Next is […]
by Paul Alan Levy In a decision issued this morning in Octane Fitness v. Icon Health and Fitness, the Supreme Court held that attorney fee awards in patent cases depend on an assessment of the totality of the circumstances, and that either the substantive weakness of the losing party's litigating position (including both facts and […]
Here. And here is a video of the event described in the article.
by Jocelyn Larkin, guest blogger The Ninth Circuit issued a favorable opinion yesterday in Stockwell v. City and County of San Francisco, No. 12-15070, reversing the denial of class certification in a disparate impact age discrimination class action. The opinion was written by Judge Marsha Berzon, and joined by Judges Fisher and Wallace. The decision […]
by Jeff Sovern The Dodd-Frank Act, in section 1031, authorizes the CFPB to bring actions to prevent abusive, deceptive, and unfair practices. Section 1042 gives states the power to enforce Dodd-Frank provisions as well. Accordingly, as reported here, here, and here, on Wednesday New York’s Department of Financial Services, led by Ben Lawsky, brought what has been […]
The Community Affairs Officers of the Federal Reserve System invite paper submissions for the ninth biennial Federal Reserve System Community Development Research Conference on April 2-3, 2015 in Washington, D.C. The Federal Reserve System Community Development Research Conference is a unique event that aims to bridge the gap between research, policy and practice on key […]
That's what Ralph Nader and Theresa Amato have been asking for years. As the Times reported here, the airlines won't say. And as Amato notes here, the Department of Transportation isn't making them provide the information either. Amato speculates that it could be billions.
The National Consumer Law Center is putting on a mortgage training conference in Dallas on June 23. This conference will focus on issues raised by the new privately enforceable mortgage servicing regulations issued by the Consumer Financial Protection Bureau in January 2014. Go here for the conference brochure.