Legal Updates & News
Bulletins
Financial Services Report, Fall 2007
September 2007
Financial Services Report, Fall 2007
In this issue:
zOn the Edge
zMoFo Metrics
zBeltway Report
zAhead of the Summons
zPrivacy Report
zCalifornia Report
zOperations Report
zFirm Offer Update
zCredit Card Report
zArbitration Report
zMortgage Report
zCreditor’s Rights and Bankruptcy
Editor’s Note
On The Edge
The kids are back in school, and the air has the user-interface of autumn. We thought we should revisit the
smoldering questions that were on people’s lips this summer. Here’s our Top Five list:
If my phone number appears in the Washington Madam’s rolodex, is that a sign i t’s finally time to get caller
blocking? Orange croc shoes with that Hawaiian top, or green? Has the LA County jail upstaged the
Montmartre Lounge for celebrity spotting, and will the sheriff add velvet ropes? Will Sunday-night canasta
replace The Sopranos? How many gallons per flush does NASA’s $19 million Russian-built space toilet
really use? These may not be quite up to Poincaré’s conjecture, but thanks for asking.
We were a little thin this quarter on stories about alien love children, so we’re going with column fillers. In
Washington, the Supremes decided Safeco/Geico, and their analysis of what “willful” means could short-circuit
FCRA class actions. Credit card truncation class actions took wing and are migrating, while their first cousins,
the “firm offer of credit” cases, continue to leave their calling cards. Finally, the Second Circuit did an about-
face on RESPA Section 8 and fee-splitting. All this plus more, inside.
Until next time, this disclaimer: This column may have been printed with ink made in China and may be subject
to recall.
William L. Stern, Editor
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