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Foley & Lardner LLP

Charting the Path Back to the Good Life: Unblocking the Innovation Markets in 2025

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Silicon Valley is built on the promise of innovation, but for the better part of the past three years, the innovation economy has been in a coma. It all started with runaway inflation triggering the biggest hike in the price...more

Foley & Lardner LLP

The Outlook for M&A Activity in Q4 2024

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In a highly anticipated move, the Federal Reserve announced an interest rate cut on September 18, reducing rates by 50 basis points to a range of 4.75-5%. This is the first rate cut in four years after interest rates hit a...more

Alston & Bird

Structured Finance Spectrum - Summer 2024

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Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. This edition features the new UK securitization regime, eHELOCs, and climate risk disclosures....more

Troutman Pepper Locke

Troutman Pepper Weekly Consumer Financial Services Newsletter - June 2023 # 3

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To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week...more

King & Spalding

2023 M&A Outlook: Recapping Key Takeaways from Dealmaking in 2022 and Navigating New Challenges

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Coming off record-setting levels in 2021, M&A deal activity cooled in the second half of 2022. A multitude of factors – including soaring inflation, steadily rising interest rates and the higher cost of financing,...more

Jenner & Block

The Consumer Finance Observer - Fall 2022 Edition

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Potential Bias in AI Consumer Decision Tools Eyed by FTC, CFPB - Potential discrimination and bias resulting from consumer tools based on artificial intelligence and automated data will be an enforcement focus of...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Distributed Ledger: Blockchain, Digital Assets and Smart Contracts

A flurry of legal and enforcement activity has arisen over the last two weeks across a wide range of areas in the Web3 space, including actions by the Securities and Exchange Commission, the Office of Foreign Assets Control,...more

Robins Kaplan LLP

Opendoor to Pay $62 Million to Settle FTC Claims That It Misled Homeowners

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Online home buying platform Opendoor Labs will pay $62 million to the FTC “to settle claims that it used misleading marketing practices to persuade people to sell their homes on the site.” According to the Commission, the...more

Robins Kaplan LLP

Despite Headwinds, Disney Reappoints Chapek as CEO Through 2025

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Despite a very rough patch of late, Disney CEO Bob Chapek has won reappointment as top Big Mouse exec. Chapek “could remain at the helm of Disney until at least 2025” and has a lot to tackle, including a flagging stock price,...more

Robins Kaplan LLP

Meta Reaches Settlement With Feds Over Allegedly Discriminatory Housing Ads

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Meta has reached a deal with federal authorities in which the Facebook parent will “adopt new online advertising practices” aimed at resolving allegations that its online ads “discriminated against users by race, gender and...more

Robins Kaplan LLP

Treasury Secretary and World Bank Both Confirm Inflation’s Staying Power

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All the hits—and let’s be honest . . . mostly inflation and its staying power—from Treasury Secretary Yellen’s trip to the Hill on Tuesday, including admissions that her and Chair Powell’s frequent use of the term...more

Robins Kaplan LLP

Markets Revert to Recent Form as Pessimism Takes Hold

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Back at it. Hope all had a great Memorial Day break. Despite our first week of gains on the Street in a good long while, pessimism is the name of the game for most in the U.S. economy at the moment. Front and center: the...more

Vinson & Elkins LLP

Consumer Financial Protection Bureau Bolsters Competition Enforcement Efforts

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On May 24, 2022, the Consumer Financial Protection Bureau (“CFPB”) announced that it is establishing a new office, the Office of Competition and Innovation, as part of a broader initiative to promote competition in the...more

Robins Kaplan LLP

Unexpectedly Strong Retail Sales Pull Markets Back from the Brink

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Target and Walmart may have taken it on the chin last quarter, but solid results from other retailers—from Macy’s to the Dollars (Tree and General)—“defied Wall Street’s expectations” and helped boost stocks on Thursday. The...more

Robins Kaplan LLP

Fed Minutes Show Inflation-Fighting Commitment, Spur Market Rally

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The Fed’s May meeting minutes dropped on Wednesday, and they confirmed the central bank’s intent to “move ‘expeditiously’ to bring down the most rapid pace of inflation in 40 years, with most participants expecting as many as...more

Robins Kaplan LLP

Mining Giant Glencore Fined $1.1B Over Global Bribery and Price Manipulation Scheme

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Glencore, a giant in the commodities and mining scenes, will pay $1.1 billion “to settle charges that two of its units bribed officials in several countries and manipulated oil prices,” a deal that follows “months of...more

Robins Kaplan LLP

Mixed Inflation Report Drags Stocks (and Cryptos) Still Lower

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Inflation slowed from a month earlier but still topped 8% in the U.S., according to latest CPI figures, an “uncomfortably rapid pace.” Though overall inflation was down, core inflation—“which excludes costs for groceries and...more

Robins Kaplan LLP

U.S. Job Openings and Resignations Remain at Near-Historic Highs

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As another Jobs Report rapidly approaches, the Labor Department released new data showing that job openings “remained near record levels” last month, while “the number of workers voluntarily leaving their positions...more

Robins Kaplan LLP

Citing Free Speech, Musk & Tesla Seek to End 2018 SEC Settlement Over Twitter Preclearance

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Tesla CEO Elon Musk moved this week in SDNY federal court to “scrap a settlement he reached with securities regulators in 2018 that required some of his tweets to be preapproved, a condition that has fomented an ongoing...more

Robins Kaplan LLP

Holdout States Accepted Sweetened Opioid Deal With Sacklers

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Jobs Report Friday again! Here’s what we’re looking for in the numbers (though after last month, good luck with any predictions)...more

Robins Kaplan LLP

Spirit and Frontier Announce Planned Budget-Airline Merger

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Low-cost American carriers Frontier and Spirit Airlines have reached an agreement to combine forces, a merger that “would create the fifth-largest U.S. airline by market share, putting pressure on the nation’s biggest...more

Robins Kaplan LLP

Sony to Acquire “Halo”-maker Bungie in $3.6B Deal

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Sony announced on Monday that it will acquire video-game maker Bungie, the latest in a recent series of big moves in the gaming industry in which the “game market further consolidates around some of its biggest companies.”...more

Robins Kaplan LLP

Choppy Markets Await Fed Policy Guidance

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Tuesday saw another Dr. Jekyll/Mr. Hyde day on Wall Street, with markets diving to start the day before a late rally that petered out and left the Nasdaq down more than 2% and  the S&P 500 down about half that...more

Robins Kaplan LLP

Markets Rebound on Wild Monday, Confirming Volatility’s Hold

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Markets pulled themselves back from the brink of a truly devastating Monday of trading to end the day, but their one-day fall of 3-4% yesterday suggests that the volatility that’s marked the first three weeks of 2022 may be...more

Robins Kaplan LLP

Fed Chair Pledges to Raise Rates to Fight Inflation

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The latest from Fed Chair Powell’s first day of confirmation hearings, including the expected news that the central bank is prepared to raise interest rates to tame inflation, tying that goal to the Fed’s other mandate by...more

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