Topic
Enforcement
987 published works
Consumer Finance Monitor
ABA CFPB panel yields interesting comments
On Friday, August 3, I had the pleasure of speaking on a panel at the ABA Annual Meeting with Meredith Fuchs, General Counsel of the CFPB, and Michael Gordon, Senior…
All About Advertising Law
Another CFPB Milestone – First NonBank Enforcement Action
In a first of its kind lawsuit under the Consumer Financial Protection Act of 2010 (“CFPA”), on July 18, 2012, the CFPB filed an action under seal against a loan…
Corporate & Financial Weekly Digest
Bipartisan Bill Introduced in U.S. Senate to Authorize SEC to Impose Larger Penalties
Co-authored by James. B. Anderson. On July 23, Senators Charles Grassley (R-IA) and Jack Reed (D-RI) introduced S.3416, the Stronger Enforcement of Civil Penalties Act of 2012 (the Bill), in…
Consumer Finance Monitor
Is the CFPB using its enforcement tool as de facto rulemaking?
Overshadowed by the publicity surrounding the announcement of the CFPB's settlement of its first enforcement action was the CFPB's concurrent release of a bulletin providing general guidance on marketing credit…
Health Industry Washington Watch
OIG Releases Spring 2012 Semiannual Report
The OIG’s Spring 2012 Semiannual Report to Congress summarizes significant OIG enforcement, investigation, and audit activities for the period of October 1, 2011 to March 31, 2012. For this period,…
Securities Compliance Sentinel
Chinese Firm Feels SEC’s Wrath
In its continuing enforcement onslaught on firms emanating from China, the SEC filed another action in the United States District Court for the Western District of Louisiana against a Chinese…
Subject to Inquiry
House Endorses SEC’s “Neither Admit Nor Deny” Settlements
By Government Investigations Group
Earlier this year, we reported a significant change in policy at the Securities and Exchange Commission: companies that admit to criminal charges in securities fraud matters may no longer settle…
Securities Compliance Sentinel
SEC Trumpets Success
Recently, the SEC Enforcement Director was promoting the SEC’s successes, offering credit to the restructuring and hiring of securities specialists that he undertook. The Enforcement Director also indicated that the 37 cooperation…
Corporate & Financial Weekly Digest
FSA Fines Martin Currie £3.5 million for Conflict of Interests Failures
By Edward Black
On May 10, the UK Financial Services Authority (FSA) announced that it fined Martin Currie Investment Management Limited and Martin Currie Inc (together, Martin Currie) £3.5 million (approximately $5.5 million)…
Securities Compliance Sentinel
IS THE SEC COOKING THE BOOKS?
Recently, SEC Chairman, Mary Shapiro, was called to task for the high number of reported administrative proceedings by Congress. In particular, the SEC was accused of reporting follow on administrative…