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Legal Times

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Regulation

  • Law Firm, Fighting CFPB Subpoena, Urges Court to End 'Fishing Expedition'

    By C. Ryan Barber

    A California law firm on July 21 blasted a recent subpoena from the Consumer Financial Protection Bureau as "nothing more than an unwarranted and impermissible fishing expedition," in a brief that also called for eliminating the agency on the grounds that its independent, single-director structure violates the Constitution.

  • Trump’s Commerce GC Pick Discloses Verizon Compensation, Ethics Pledge

    By C. Ryan Barber

    Peter Davidson, a former top lobbyist for Verizon Communications who is the Trump administration’s pick for U.S. Commerce Department general counsel, left the telecommunications giant in December with more than $3 million in salary, bonus, stock payments, severance and unused vacation time.

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Litigation

  • Immigrant Bail Bond Company Sues Buzzfeed for $5M

    By Cogan Schneier

    The company, Libre by Nexus, accused Buzzfeed of defamation in a story published last year.

  • SEC Whistleblowers in Line for Windfall, and FTC Probes Amazon: Roundup

    By C. Ryan Barber

    The Trump administration is touting the number of federal regulations that are on the chopping block. Exxon Mobil Corp.'s suing the U.S. Treasury Department over a $2 million fine for violating Russia sanctions. The Federal Trade Commission's looking at Amazon.com's discounting practices. And financial regulators appear to be pulling back on a plan to restrict Wall Street bonuses. This is a weekly roundup from ALM and around the web.

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