Recent moves by federal regulators to increase sales of mortgages to Fannie Mae and Freddie Mac could further dampen hopes for a resurgence of private capital in the U.S. housing market, and make it more difficult to wind Fannie and Freddie down, policymakers and experts said.
The U.S. Supreme Court on Monday agreed to take up a challenge to a Los Angeles law allowing warrantless searches of hotel registries, paving the way for the justices to draw a clear line regarding when and how law enforcement needs court involvement to gain access to data held by hotels, technology companies and others.
Environmental groups urged a Ninth Circuit panel Wednesday to toss a U.S. Environmental Protection Agency decision allowing a local air quality agency's transfer of emissions credits to a new $1 billion power plant, saying the EPA's rule was "arbitrary and capricious" and failed to properly count banked credits.
Sen. Ron Wyden, D-Ore., urged the U.S. Department of Energy on Wednesday to study the size and makeup of the U.S. Strategic Petroleum Reserve, echoing a call in a recent watchdog report that recommended both an SPR review and explored an increase in crude oil exports.
New York state environmental and transportation officials urged North Dakota Gov. Jack Dalrymple on Tuesday to adopt regulations requiring oil producers to remove volatile gases from crude oil before shipping it cross-country by rail in an effort to protect residents near rail lines.
The American Medical Association on Tuesday voiced deep frustration with Medicare’s ever-growing list of quality initiatives and penalties, warning that doctors and regulators cannot manage a “tsunami of rules and policies” that has emerged in recent years.
North Dakota House Majority Leader Al Carlson, R-Fargo, is pushing plans to spend $275 million to speed up flood and drought protection measures in Fargo, outlining details at a news conference Wednesday.
The U.S. Securities and Exchange Commission's general counsel and international affairs chief counsel has left the regulator for a partner position at Sidley Austin LLP.
The Federal Communications Commission on Wednesday slowed down its review of both Comcast Corp.’s merger with Time Warner Cable Inc. and AT&T Inc.’s potential purchase of DirecTV, saying more time is needed to resolve disputes over who has access to contracts with content providers.
The Michigan Court of Appeals on Tuesday found the state Public Service Commission properly approved a $773.6 million life-cycle management project to upgrade a nuclear power plant owned by an American Electric Power subsidiary but determined a management reserve of 10 percent of the project cost should not have been preapproved.
The Obama administration has claimed a few high-profile victories in the month since it rolled out a series of new rules meant to squelch the rising appeal of controversial tax-inversion deals, but while tougher restrictions have jostled the marketplace, several transactions remain on the table.
Automated Matching Systems Exchange LLC, a would-be virtual marketplace for automated dark pools, continued its war to get official recognition Monday with a brief in South Dakota federal court requesting a court-ordered conference with SEC staff it says have shown a “lack of training and experience.”
A Florida appeals court on Tuesday affirmed a ruling that Jacksonville city officials violated the state's open-government laws by negotiating a pension deal for city police officers and firefighters during mediation that was closed to the public.
Partnership entities are ballooning in number each year and the Internal Revenue Service is struggling to audit them properly, with the service missing steps in nearly 2/3 of the partnership audits it conducted in 2012, a tax watchdog said Wednesday.
Environmental groups have urged the D.C. Circuit to deny bids to further delay its mandate of a ruling that the U.S. Environmental Protection Agency is illegally allowing refineries to burn petroleum waste materials into fuel, saying those living near such facilities have suffered enough.
The incoming president of the European Commission on Wednesday stressed that any investor-state dispute settlement system in the Transatlantic Trade and Investment Partnership would not threaten the sovereignty of domestic courts, while also holding open the possibility that the controversial provision could be scrapped altogether.
Tax practitioners are hopeful that when Congress finally tackles comprehensive tax reform, it will continue a yearslong legislative trend that has made pass-through S corporations more taxpayer-friendly, a Garvey Schubert Barer LLP tax partner said on Wednesday at a New York University tax conference.
A California federal judge said Tuesday that a San Francisco ordinance requiring landlords to pay large sums of money to tenants prior to taking their properties off the market is unconstitutional, the latest in the city’s battle to combat its burgeoning housing unaffordability crisis.
A divided U.S. Securities and Exchange Commission passed final rules on Wednesday requiring firms to retain a stake in the asset-backed securities they issue, but not before two Republican members blasted the rule-making as a capitulation to banking regulators and a missed chance for meaningful reform.
Pressure mounted on the U.S. Department of the Treasury to preserve the "last in, first out" method of accounting on Tuesday as a bipartisan group of 14 senators sent a letter to Treasury Secretary Jacob Lew asking that the accounting method be kept in any effort to reform the tax code.
Faced with a growing trend of trade secret theft, Japanese lawmakers are actively debating reforms to strengthen both civil and criminal enforcement of trade secrets. The proposals, however, fail to address the fundamental weakness of trade secret enforcement under current Japanese law, say attorneys with Finnegan Henderson Farabow Garrett & Dunner LLP, Kitahama Partners and Lexia Partners.
The new law regarding the California breach notification requirement related to identity theft prevention and mitigation services has already spurred debate on two issues, say attorneys with Edwards Wildman Palmer LLC.
Newly proposed amendments to Canada's takeover bid legislation would address long-standing concerns that the current regulatory regime tilts the playing field too far in favor of hostile bidders, says Ralph Shay of Dentons Canada LLP.
If the Eleventh Circuit overturns the ruling in Brenner v. Scott, then Florida’s ban on same-sex marriage would remain in place — making the Eleventh Circuit the only circuit to uphold such a ban and opening the door to U.S. Supreme Court review, say Brad Gould and Dana Apfelbaum of Dean Mead Minton & Zwemer.
In a regulatory landscape of ban-the-box laws and increased EEOC scrutiny of criminal history questions during the hiring process, employers in industries such as health care and finance are often put in the position of acting unlawfully because they are required to conduct background checks for certain positions. The Certainty in Enforcement Act could clarify things, but it also leaves the door open for trouble, says Natasha Dorse... (continued)
Because the International Standards Organization and the International Electrotechnical Commission's new voluntary standard is the first international standard to focus on privacy in the cloud and provides an auditable policy framework for privacy compliance, it could significantly shape cloud services around the globe, says Lindsey Tonsager of Covington & Burling LLP.
If finalized, the U.S. Environmental Protection Agency's proposal to prohibit excess emissions during periods of startup, shutdown or malfunction in state implementation plans under the Clean Air Act could result in additional enforcement actions for violations of emission limitations during periods of malfunction, say attorneys at Jones Day.
The goal of Brazil's eSocial program is to gradually replace obligations from previous labor and social security withholding forms, thus reducing employers' repetitive and excessive submission of information, say Walter Abrahao Nimir Junior and Marina Alfonso de Souza of De Vivo Whitaker e Castro Advogados.
The Consumer Financial Protection Bureau's No-Action Letter policy appears to be an uneasy compromise between the desire to assist innovators and a hesitancy to cede any of the bureau’s authority. The result is likely to be a time-consuming application process and an uncertain return on NALs, says Eric Mogilnicki of Wilmer Cutler Pickering Hale and Dorr LLP.
As shown by recent Small Business Administration decisions, the current SBA regulations generally prevent the filing of an ostensible subcontractor size protest at the task order level, creating a situation where a large business could possibly take advantage, says Bryan King of Bass Berry & Sims PLC.