Editor’s Note
June is crowded with celebrations. It feels like a Tokyo
subway. June is the month of weddings, graduations, flag
days, and dad daze. June 15 is the 800th anniversary of the
Magna Carta. This month we acclaim Summer Solstice, Gay
Pride Month, and National Aquarium Month. And who could
forget National Accordion Awareness Month? Seriously?
Anyone “un-aware” of an oncoming accordion deserves to
be smacked. Just ask Darwin. In June, we applaud Candy
Month, which means July is Cavity Month. Cow-befrienders
rejoice with Dairy Month, and cat-lovers revel in National
Adopt-a-Cat Month. This month, there are days to honor
donuts, ice cream soda, chocolate ice cream, chocolate
éclairs, yo-yos, sewing machines, and nursing assistants.
“Enough already,” you’re probably thinking, “get to the
transition.” Thanks for asking.
Forget all that. June is when our Summer Issue lands in your
inbox. In this issue, the CFPB reports that arbitration is bad
and litigation is good, Congress hints at Dodd-Frank reform,
we have mortgage stuff, operations stuff, preemption and
privacy and TCPA stuff, a little of this and a lot of that. Lots
to celebrate. Alas, no accordion music.
Until next time, have a great summer and, when you’re
finished, kindly put the bop back in the bop shoo-bop
shoo-bop and return the ram to the rama-lama ding-dong.
My baby said.
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IN THIS ISSUE
Arbitration Report
Page 2
Beltway Report
Page 2
Bureau Report
Page 3
Mobile & Emerging Payments Report
Page 5
Mortgage & Fair Lending Report
Page 6
Operations Report
Page 7
Preemption Report
Page 7
Privacy Report
Page 8
TCPA Report
Page 10
MOFO METRICS
8: Mozart’s age when he wrote his
first symphony
2: Edible insect species, in
thousands
2: Number of people worldwide who
eat insects regularly, in billions
15: Hours a day that an average cat
sleeps
99: Percentage of all species that ever
lived but are now extinct
25: Percentage of drivers who tex t
while driving
6: Percentage increase in fat al car
accidents on tax day (A pril 15)
200: Daily increase in world’s
population, in thousands
Quarterly News, Summer 2015
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