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Seila Law, CFPB respond in case concerning constitutionality of Bureau structure
Seila Law and the CFPB respond to the amicus curiae in Seila Law LLC v. CFPB, both arguing that the amicus’ arguments are flawed, but take different positions on the severability...
Senate Banking hearing on Fed nominations uncovers nominee’s gold standard ideas
The Senate Banking Committee held a hearing on two nominees for the position of Fed Board Governor, Judy Shelton and Christopher Waller.
Seller’s reclamation claim subordinate to DIP financing lenders’ claims
A seller’s reclamation claim is not superior to the claims of secured lenders that extended the debtor-in-possession financing in exchange for a priming, first-priority floating lien on...
Quarles proposes changes to increase transparency in bank supervision
The Fed Vice Chair for Supervision recommended putting significant supervisory guidance out for public comment and adopting a rule that enforcement actions cannot be based on non-compliance with...
Bipartisan reactions to Equifax indictments against Chinese military personnel
Members of Congress reacted to indictments against Chinese military personnel in the Equifax data breach, arguing for legislation to hold credit reporting agencies accountable for data breaches and...