First and foremost, happy new year to our Corporate Observer readers. Here’s to a great 2011. We have some quick links to kick off the year.
Elizabeth Warren has apparently begun the hunt for a head of the Consumer Financial Protection Bureau. While it is unfortunate that Ms. Warren herself will apparently not lead the CFPB, hopefully she will find someone that shares her vision and eagerness. She has conferred with “business and consumer groups,” but ultimately the decision must be hers.
The Washington Post reported on a disturbing wave of public sector employees heading to greener pastures in the private sector. The White House, the SEC, and Federal Reserve Board Members, to name a few, have seen employees flee to financial and legal firms; there they can expect higher pay and benefit from contacts in the public sector. This is a concerning trend for a government that has recently emphasized regulation and consumer protection – if they lose their best employees, how to they expect to live up to the high standards set for the coming years?
Lastly, we have updated our current cases at Berk Law, and if you feel inclined to take a look you can see them here.
Assisted by David Martin