Finance Industry

  • house home RF

    Finance

    CFPB Manufactured Housing White Paper May Presage Future Regulation

    The CFPB has issued a white paper on the manufactured housing market, including how manufactured housing is financed and the types of consumers who purchase or rent such housing. In the paper’s introduction, the CFPB explains that although manufactured housing only accounts for six percent of all occupied housing and a much smaller fraction of U.S. home loan originations, such housing is of interest to the CFPB because it is a source of affordable housing particularly for rural and low income consumers and may raise consumer protection concerns due to the nature of the retail and financing markets for such housing. The report relies on publicly available data, including HMDA data, proprietary data voluntarily provided to the CFPB and information obtained through outreach to industry groups, consumer groups, government agencies and “a variety of market participants and observers.”

    The paper’s key findings include:

    / Oct 16, 2014 at 10:46 AM
  • 800px-SCOTUSbuilding_1st_Street_SE-RF

    Mergers and Acquisitions, SCOTUS, Securities and Exchange Commission, Securities Law

    Upcoming Supreme Court Securities Cases

    As the Supreme Court begins its 2014-15 term this month, it will be considering a number of securities cases, including the Omnicare case, which is scheduled for oral argument on November 3rd, and three other cases in which petitions for certiorari are currently pending before the Court. As discussed below, these cases raise significant questions concerning the standards for claims under Section 11 of the Securities Act of 1933, prosecution of insider trading, and the scope of disgorgement penalties in an SEC enforcement action. We also discuss IndyMac, another securities case that had been scheduled to be heard as the first case of the new term on October 6th, but was abruptly dismissed by the Court earlier this week.

    / Oct 3, 2014 at 2:34 PM
  • money LF plant growing from money

    Anthony Kennedy, General Counsel, Goldman Sachs, Hedge Funds / Private Equity, In-House Counsel, Litigators, Money, Partner Issues, Supreme Court Clerks, Wall Street

    Litigation Finance: The Next Hot Trend?

    What would lead four high-powered lawyers and hedge-fund types, including two former Kennedy clerks, to leave their current jobs? The chance to make millions….

    22 Comments / / Apr 8, 2013 at 1:59 PM
  • Banking Law, Money, Quote of the Day, Real Estate

    Quote of the Day: So We Need Lawyers to Torture People Now

    If you don’t have a lawyer, it is hard to really put their feet to the fire and make sure the banks have every ‘t’ crossed and ‘i’ dotted… We are going to make sure funding for those legal services is restored. — New York Attorney General Eric T. Schneiderman, discussing the implications of a […]

    3 Comments / / Feb 10, 2012 at 4:03 PM
  • Banking Law, Federal Government, Job Searches, Law Schools, Wall Street

    Another Job Opportunity for 3Ls

    Not many employers are interviewing third-year law students this fall. But there are employment opportunities out there for enterprising third-year law students. Today we bring you information about another program that’s hiring graduating law students. The good news: the work/life balance is good, as are the benefits and the pay (six figures). The bad news: these positions aren’t easy to land. So, what program are we talking about?

    8 Comments / / Sep 13, 2011 at 4:36 PM
  • Crime, Facebook, Fashion, Kids, Money, Non-Sequiturs, Rape, Sports

    Non-Sequiturs: 08.23.11

    * According to the latest allegations, Hacksaw McDaniel might be Steve the Child Sex Predator. [Macon Telegraph] * Libyans. We’re very happy you took your country back, but could you pass a law saying something like “shooting guns in the air as a celebration is just f***ing dumb”? Thanks. [Huffington Post] * I absolutely do […]

    16 Comments / / Aug 23, 2011 at 5:37 PM