Here. Cordray's recess appointment expires in December. What happens then? Under Dodd-Frank, Cordray's deputy takes over as acting director. Right now, Steve Antonakes is the acting deputy. But some of those who argue Cordray's appointment is invalid claim also that his naming Antonakes as acting deputy is invalid. Of course, the Supreme Court may rule that […]
by Jeff Sovern Here's the blurb I provided: "Powerful interest groups seldom lose major battles in Congress, but that is exactly what happened when Congress created the Consumer Financial Protection Bureau in 2010. Larry Kirsch and Robert N. Mayer have produced, in Financial Justice: The People's Campaign to Stop Lender Abuse, an eminently readable and […]
Here (but behind a paywall). Among the points made in the article are that the recess appointment of current CFPB Director Richard Cordray is likely to expire before the Supreme Court rules and that banks could be hurt if Cordray's appointment is ruled unconstitutional because that would leave banks subject to the Bureau but not […]
by Paul Alan Levy In a relatively brief opinion issued this morning, the DC Circuit has affirmed the trial court's refusal to strike Shirley Sherrod's libel action against bloggers Breitbart nd O'Connor, but on the narrowest possible ground that should not have any adverse long-term impact on future anti-SLAPP motions. After canvassing the way in […]
by Jeff Sovern Deposit advance loans are banks' answer to payday loans. Just like payday loans, they tend to be for short periods and high interest rates. And just as with payday loans, consumer advocates fear that consumers get trapped in them, in the sense that many borrowers can't come up with the money to […]
by Brian Wolfman The Supreme Court today held in Mutual Pharmaceutical Co. v. Bartlett that FDA approval of a generic prescription drug preempts a state-law damages claim premised on the drug's design defect. The 5-4 majority opinion is written by Justice Alito. Basically, Justice Alito says that a design-defect claim is, in effect, a claim […]
Here's the Supreme Court's order: 12-1281 NLRB V. NOEL CANNING, ET AL. The petition for a writ of certiorari is granted. In addition to the questions presented by the petition, the parties are directed to brief and argue the following question: Whether the President's recess-appointment power may be exercised when the Senate is convening every […]
That's the question addressed in "The First Amendment and Public Health, At Odds," American Journal of Law & Medicine, 39 (2013): 298-307, by Ted Mermin and Samantha Graff. Here's the article's first couple paragraphs (with the footnotes omitted): At the turn of the last century, allies of industry on the Supreme Court deployed a novel […]
Some of our readers may want to watch Ralph Nader on C-SPAN tomorrow, Saturday June 22, at 7:45 pm EDT. He'll be talking about his latest book, Told You So: The Big Book of Weekly Columns. He'll discuss his decades of writing on topics ranging from auto safety to the Freedom of Information Act. […]
That's the name of this article by law professor Dick Daynard. Here is the abstract: Cigarettes result in over 400,000 preventable American deaths each year. In 2011, fewer than twenty percent of adults smoked. Since the publication of the first U.S. Surgeon General’s Report on Smoking and Health nearly fifty years ago, when smoking prevalence […]