In a keynote address at the Consumer Federation of America’s 2022 Consumer Assembly, CFPB Deputy Director Zixta Martinez squarely took aim at “rent-a-bank schemes” in some of the first (if not the first) such comments by a senior CFPB official. Historically, the CFPB has confined itself to “true lender” litigation against participants in high-rate
Until the early 2000s, companies developing innovative business models or technologies could make reasoned predictions regarding how their innovations would be treated by government by analyzing the text of statutes and implementing regulations and interpreting case law, enabling them to make calculated decisions about how to proceed based on risk tolerance.
On May 24, Kentucky Attorney General Daniel Cameron sent a letter to the National Association of Attorneys General (NAAG), expressing concerns about perceived partisanship. Joined by the attorneys general of Alaska, Florida, Louisiana, Oklahoma, South Carolina, Utah, and Virginia, the letter explains that these eight attorneys general believe “NAAG needs structural reform [t]o avoid partisanship”
2022 primary elections for attorneys general are in full swing with 31 state attorneys general elections to be held this November. While there will be at least nine new state attorneys general due to term limits or incumbents choosing not to seek another term, there is also a historically high number of contested primaries, including
Introduction
On April 29, Aerojet Rocketdyne Holdings Inc. (Aerojet) settled claims by whistleblower Brain Markus for a reported $9 million after the second day of a jury trial.[1] This is the second recent settlement under the False Claims Act (FCA) relating to alleged misrepresentations about a company’s cybersecurity practices and systems in connection with
Creation of CyTech. On May 9, the National Association of Attorneys General (NAAG) announced the creation of the NAAG Center on Cyber and Technology (CyTech), joining a number of other centers focused upon key issues for state attorneys general and the public, including tobacco and public health, ethics and public integrity, and consumer protection.
Purpose:
On February 28, the U.S. Department of Justice (DOJ) agreed to a $930,000 settlement with Comprehensive Health Services (CHS) to resolve False Claims Act allegations. The resolution represents the department’s first settlement under the False Claims Act since instituting its Civil Cyber Fraud Initiative in October 2021.[1] This is a watershed moment in the
In Episode 1 of Regulatory Oversight, Troutman Pepper Partner Ashley Taylor sits down with National Association of Attorneys General (NAAG) President and Iowa Attorney General Tom Miller to discuss NAAG’s goals and his priorities as NAAG president.
A bipartisan organization, NAAG provides a community for attorneys general and their staff to collaborate and address
Troutman Pepper’s Regulatory Oversight podcast analyzes the underlying trends that drive enforcement activity and provides expert perspectives on key focus areas. Featuring insights from members of the firm’s Regulatory Practice Group, including its nationally ranked State Attorneys General practice, with guest commentary from business leaders, regulatory experts, and current and former government officials, our podcast
The “right-to-repair” movement continues to gain momentum, and as predicted, litigation has started even in the absence of enacted right-to-repair laws. In a recently filed class-action complaint in the U.S. District Court for the Northern District of Illinois, the plaintiff alleges that the equipment manufacturer deliberately prevents farmers from repairing their own equipment or using