Newsletters

09.17.19

New Decision Raises Questions About FTC’s Restitution Power

A recent decision from the U.S. Court of Appeals for the Seventh Circuit could have a significant impact on the efforts of the Federal Trade Commission (FTC) to obtain restitution.


09.17.19

NARB, FTC Consider National Origin Claims

With national origin claims on the enforcement radar of both the National Advertising Review Board (NARB) and the Federal Trade Commission (FTC), the FTC announced a public workshop later this month to consider claims such as “Made in USA.”


09.17.19

Compliance Tips From the Largest COPPA Settlement Ever

In a record-setting deal with the Federal Trade Commission (FTC) and the New York State Office of the Attorney General, YouTube agreed to pay a total of $170 million to settle charges of violations of the Children’s Online Privacy Protection Act (COPPA) as well as the FTC Act.


09.12.19

Fifth Circuit Declares FHFA Structure Unconstitutional: Is CFPB Next?

In a significant ruling with broad financial services repercussions, the U.S. Court of Appeals for the Fifth Circuit, sitting en banc, has ruled that the Federal Housing Finance Agency (FHFA), the conservator for both Fannie Mae and Freddie Mac, is unconstitutionally structured because its director ...


09.12.19

SEC Proposes Rule Changes for Business Description, Legal Proceedings and Risk Factors Disclosures

Aiming to modernize the description of business, legal proceedings and risk factor disclosures that registrants are required to make pursuant to Regulation S-K, the Securities and Exchange Commission (SEC) recently proposed a number of important rule changes which affect periodic reports.


09.12.19

Credit Union News: Favorable NCUA Decision on Final Rule, Hemp Gets Go-Ahead

In a major win for credit unions, the D.C. Circuit has largely reversed a ruling that would have prevented credit unions from promulgating rules greatly expanding the field of membership, that is, the persons eligible to join a specific credit union.


09.12.19

FASB Proposes CECL Delay for Smaller Banks

Deciding that the benefit to smaller banks and other smaller financial institutions outweighs the lessening of transparency, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update to delay the effective date to implement standards on current expected credit ...


09.12.19

CFPB News: Enforcement Actions, Card Report and Tax Study

The Consumer Financial Protection Bureau (CFPB) reached a pair of settlement agreements, the first with a debt collector and the second in its first enforcement action based on alleged violations of the Remittance Transfer Rule.


09.11.19

FTC Warns Companies on CBD-Infused Product Health Claims

The Federal Trade Commission warned three companies on Sept. 10 that they could not legally advertise that their CBD-infused products can “prevent, treat, or cure a human disease without competent and reliable scientific evidence to support such claims.”  


09.10.19

Third Circuit Goes Bananas for Copyright Protection

The U.S. Court of Appeals, Third Circuit went bananas for copyright protection, ruling that a banana costume was copyrightable in a lawsuit filed by the maker of a competing costume.