It’s been thirteen years coming, but earlier this week, President Obama signed into law the Whistleblower Protection Enhancement Act (“WPEA”), which, the White House press release says: “Amends whistleblower protections for Federal employees by: clarifying the scope of protected disclosures; tightening requirements for non-disclosure agreements; expanding the penalties imposed for violating whistleblower protections; and… Continue Reading
With great fanfare, the President during his State of the Union, announced the formation of the Residential Mortgage-Backed Securities Working Group….My former boss at the Department of Justice, Eric Holder, knows how to fight crime. He sat for a time as a Superior Court Judge in the District of Columbia and later as US Attorney for the District of Columbia. He’s gotta know this isn’t how it’s done. You don’t send the police out four years after the crime. This is window dressing for an election year sound bite – nothing more.
The CFPB has been crippled without a head. It is a centerpiece of the much-needed Dodd-Frank legislation. Appointing Mr. Cordray will allow the CFPB to begin the work of regulating a fast moving and dynamic sector that to date has remained one step ahead of regulators.