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|CFPB Enforcement Action Against Payday Lender Has Broad Implications for Financial Institutions|
Stephen Lillley, Andrew J. Pincus, Jeffrey P. Taft; Mayer Brown LLP;
July 22, 2014, previously published on July 17, 2014The US Consumer Financial Protection Bureau (CFPB) has entered a consent order with a payday lender for debt collection practices that the CFPB alleged violated the Dodd-Frank Act’s prohibition on unfair, deceptive or abusive acts or practices. The $10 million settlement casts a significant...
|High Court Rules Autopsy Reports Exempt from the SC Freedom of Information Act|
Bob Coble; Nexsen Pruet, LLC;
July 22, 2014, previously published on July 16, 2014The Court ruled that an autopsy report is exempt from the Freedom of Information Act ("FOIA") disclosure requirements. This is the second opinion in the last month by the Court that restricts the reach of the FOIA.
|The Federal Victim-Witness Act|
Alex V. Hernandez; Pullman & Comley, LLC;
July 22, 2014, previously published on July 1, 2014If you or someone you know has been the victim of a crime, or if you have been called to testify before a federal grand jury or trial, you may have questions about what you can expect as a case works its way through the system. This post will answer some of the most frequently asked questions...
|Pension protection fund changes following Olympic Airlines case|
Beth Brown, Ronan McNabb; Mayer Brown International LLP;
July 22, 2014, previously published on July 2014The regulatory amendments drawn up by the Secretary of State for Work and Pensions following the outcome in Trustees of Olympic Airlines SA Pension & Life Assurance Scheme v Olympic Airlines SA have been drafted narrowly and may end up protecting no one other than the beneficiaries of the...
|Conan Doyle Estate’s Quixotic Attempt to Protect Sherlock Holmes|
Eric K. Gill; Sheppard, Mullin, Richter & Hampton LLP;
July 22, 2014, previously published on July 15, 2014Led by Judge Richard Posner, the Seventh Circuit Court of Appeals recently refused what Posner called a “quixotic” attempt to extend copyright law. While the holding was perhaps to be expected, the opinion introduced a mystery of its own: If not copyright, what will stop today’s...
|New Government-Industry Working Group on Wind Energy Development in Québec|
Louis-Nicolas Boulanger, Mathieu Bernier Trudeau; McCarthy Tétrault LLP;
July 22, 2014, previously published on July 18, 2014Québec Minister of Energy and Natural Resources Pierre Arcand announced yesterday the creation of a Government-industry working group destined to assess the development of the provincial wind power industry.
|Police Order to Stay Put While Conducting Background Check Is a Seizure under Fourth Amendment|
Tamara Bogosian, Paul A. Cappitelli, G. Ross Trindle; Best Best & Krieger LLP;
July 22, 2014, previously published on July 21, 2014Overview: The Ninth Circuit recently held that, when a police officer orders a suspect to “stay put,” that command constitutes a seizure under the Fourth Amendment of the U.S. Constitution and can implicate municipal liability under Monell.
|Do What I Say, Not What I Do: The US Internal Revenue Service Finalizes Changes to the Mixed Straddle Rules|
James R. Barry, George W. Craven, Mark H. Leeds; Mayer Brown LLP;
July 22, 2014, previously published on July 21, 2014In 1981, when Congress enacted the straddle rules preventing selective loss recognition, it directed the IRS to allow taxpayers to recognize built-in gain and loss on mixed straddles. In response, the IRS wrote regulations that permit such gain and loss recognition. The IRS has changed its view and...
|Executive Order Extends Workplace Anti-Discrimination Protections to LGBT Workers of Federal Contractors|
Jackson Lewis P.C.;
July 22, 2014, previously published on July 21, 2014Though it took longer than expected, President Barack Obama has signed an Executive Order extending protections against workplace discrimination to members of the lesbian, gay, bisexual, and transgender (“LGBT”) community. Signed July 21, 2014, the Executive Order prohibits...
|DC Pensions Flexibility: Government Consultation Response Published|
Jonathan Moody, Anna Rogers, Ian Wright; Mayer Brown International LLP;
July 22, 2014, previously published on July 21, 2014In the 2014 Budget, the Government announced what it called “the most fundamental reform to the way people access their pensions in almost a century”. The most significant change announced was that, from April 2015, members with money purchase or cash balance rights would be able to...