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James T. Parkinson quoted in Agenda article, “DOJ: ‘Dire consequences’ for failure to cooperate”
The Agenda article, “DOJ: ‘Dire consequences’ for failure to cooperate,” discusses the announcement of changes made to the agency’s corporate enforcement policy. Under the new guidelines, announced by Assistant Attorney General Kenneth Polite Jr., companies could avoid being prosecuted criminally...
In The News"Orrick to merge with Buckley, nearly doubling its DC footprint" (The American Lawyer)
Orrick Herrington & Sutcliffe is merging with Washington, D.C.-founded Am Law 200 firm Buckley, adding significant strength to Orrick in financial regulation, enforcement and litigation and doubling its footprint in the nation’s capital. The merger, expected to close by the end of January, is...
In The NewsJeffrey P. Naimon extensively quoted in S&P Global article, “Community banks face regulatory, competitive pressures to alter overdraft policy”
The S&P Global article, “Community banks face regulatory, competitive pressures to alter overdraft policy,” discusses how the FDIC’s focus on overdraft activity has trickled down to community banks, causing them to reassess their practices. Naimon said that because the view of overdraft fees is...
In The NewsJohn R. Coleman quoted in S&P Global article, “CFPB moves full steam ahead with bank oversight despite intensifying headwinds”
The S&P Global article, “CFPB moves full steam ahead with bank oversight despite intensifying headwinds,” discusses the bureau’s ongoing approach to bank regulation and compliance in 2023 despite scrutiny of its funding structure. Major areas of focus for the CFPB this year will be overdraft...
In The NewsJohn R. Coleman quoted in S&P Global article, “CFPB guidance, enforcement hang in the balance of US Supreme Court appeal”
The S&P Global article, “CFPB guidance, enforcement hang in the balance of US Supreme Court appeal,” explores the possible ramifications for the bureau if the Supreme Court agrees to hear the CFPB’s appeal of the Fifth Circuit’s ruling that the agency’s funding was unconstitutional. Some have...
In The NewsJohn R. Coleman quoted in S&P Global article, “CFPB targeting largest US banks as it cracks down on financial industry”
The S&P Global article, “CFPB targeting largest US banks as it cracks down on financial industry,” discusses the bureau’s recent focus on the nation’s largest banks, resulting in a string of investigations and millions of dollars in penalties. Analysts believe the CFPB’s main objective with...
In The NewsJohn R. Coleman quoted extensively in American Banker article, “Why the CFPB’s guidance on unfair practices will keep giving banks trouble”
The American Banker article, “Why the CFPB’s guidance on unfair practices will keep giving banks trouble,” examined the controversy surrounding bank fees. President Biden and the Consumer Financial Protection Bureau are seeking to expand federal prohibitions on unfair, deceptive, and abusive acts...
In The NewsDaniel R. Alonso quoted in NPR article, “Jury selection begins in the Trump organization tax evasion trial”
The NPR article, “Jury selection begins in the Trump organization tax evasion trial,” examined the case involving the Trump organization which is accused of evading taxes by compensating employees through off-the-books benefits like luxury cars, apartments and private school tuition. In charging...
In The NewsAmanda R. Lawrence extensively quoted in Agenda article, “Lawmakers float new regulator for social media companies”
The Agenda article, “Lawmakers float new regulator for social media companies,” explores a possible increase in regulation for companies operating in the digital space, which was, in part, triggered by the testimony of Twitter’s former head of security, Peiter Zatko, before the Senate Judiciary...
In The NewsJohn R. Coleman quoted in WSJ article, “Appeals court ruling casts shadow over CFPB activities”
The WSJ article, “Appeals court ruling casts shadow over CFPB activities,” discusses the Fifth Circuit’s decision in CFSA v. CFPB that found the bureau’s funding structure to be unconstitutional. The ruling could upend an array of current regulations and invite challenges to new rules from the...
In The News