Legal Updates & News
Bulletins
Financial Services Report, Spring 2007
March 2007
Financial Services Report, Spring 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 history of humor in law firm newsletters may be the world’s shortest book. There is plenty of blame to go
around, but much of it rests with the Federal Reserve Board. The FRB is just not funny. If you want funny, think
FEMA. And now NASA.
Consider the TSA, and its insistence on quart-sized baggies for carry-on liquids and gels. We imagine the
conversation might have gone something like this: “How are we supposed to pick out the terrorists?”
“Dummkopf! It’s the pint-sized baggies.” “No way!” “Listen up dude, we bought a used ‘al-Queda Training
Manual’ on eBay. It says right here: ‘Cosmetics. Transportation of.’” The CIA must be wondering how it missed
that. Meanwhile, pint-sizers go to pat down.
See what we mean? How can the FRB compete? If you know any good monetary policy jokes, send them on.
We may have celebrated Chinese New Year, but the Year of the Bore it is not. Did some one mention policy?
The new Congress wants to do something about predatory lending, but first must figure out what it is. And data
breach roars on. More breaches, including TJ Maxx, have spawned lawsuits from Mexico to Canada. This has
stirred the pols. Massachusetts introduced a bill that would shift mass data compromise liability to merchants.
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