A GREAT RESULT: A federal district court has flatly rejected an attempt by the Consumer Financial Protection Bureau (“CFPB”), in league with a Chicago-based mortgage lender, to unwind a settled enforcement action that alleged race discrimination targeting prospective borrowers. CFPB v. Townstone Financial, Inc., Case No. 1:20-cv-04176 (N.D. Ill.). The CFPB brought this enforcement action […]
As we explained in last month’s legal newsletter, the federal courts have been inundated with lawsuits challenging a wide range of actions by the Trump Administration, including its attacks on everything from universities and media outlets to civil rights and immigrants. They are all important cases, but Better Markets remains focused on litigation involving financial […]
The Shifting Role of the Federal Courts: Now More Than Ever, They Serve as a Critical Check on Lawless Attacks on Agencies The federal courts have long played an important role in financial regulation. Until recently, their focus has largely been on resolving industry challenges to agency rules or adjudicating enforcement actions. Times have changed, […]
BETTER MARKETS FILES BRIEF IN SUPPORT OF SEC’S RULE LIMITING FEES THAT EXCHANGES CAN CHARGE TO INVESTORS – CBOE v. SEC, No. 24-1350 (D.C. Cir.). Earlier this month, Better Markets filed an amicus brief supporting the Securities and Exchange Commission in yet another industry challenge to an important SEC rule, which reduces the pricing increments for stock […]
STATE OF UTAH V. MICONE, NO. 2:23-CV-00016 – FEDERAL COURT UPHOLDS DEPARTMENT OF LABOR’S “ESG” RULE, WHICH MANY INVESTORS VALUE. On February 14, U.S. District Judge Matthew J. Kacsmaryk upheld, for a second time, a pro-investor Department of Labor (DOL) rule. The rule allowed those selecting retirement plan options for retirement savers to the consider […]
PROTECTIONS FOR MILLIONS OF AMERICANS AGAINST FRAUD AND ABUSE IN THE CRYPTO MARKETS ARE ON THE LINE IN THE RIPPLE CASE. SEC v. Ripple Labs, Inc., No. 24-648(L) (2d Cir.) On January 22, 2025, Better Markets filed an amicus brief in support of the SEC’s effort to close a massive loophole in the securities laws, […]
FOR IMMEDIATE RELEASE Monday, June 21, 2021 Contact: Doug Walker at 202-618-6430 or [email protected] Washington, D.C. – Stephen Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement on the Supreme Court’s decision in Goldman Sachs Group, Inc. v. Arkansas Teacher Retirement System, issued this morning: “What’s at stake in the case […]
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