“It certainly raises some interesting issues. Of course, there’s a huge presumption that when Congress passes a law, it’s constitutional.”
—Timothy McTaggart, a partner at law firm Pepper Hamilton, who focuses on financial regulatory issues talking about a lawsuit that challenges the constitutionality of the 2010 Dodd-Frank law that overhauled U.S. financial oversight and created the Consumer Financial Protection Bureau.
And I Quote
“The lowest rate quotes are in California because it regulates insurance premiums more effectively than any other state.”
—J. Robert Hunter, Consumer Federation of America’s director of insurance, noting in a CFA survey that California limits insurers’ use of non-driving factors to set premium levels.
“The purported statewide class the plaintiffs allege is no more appropriate today than the nationwide class the Supreme Court has already rejected.”
—Walmart attorney Theodore Boutrous Jr. said discrimination claims against the company are unsuitable for a class action.
Do or Don’t
“I hope this isn’t one of those situations where we won’t do what we need to do until we get slammed.”
—Deputy U.S. Defense Secretary Ashton Carter told an annual Air Force Association conference that privately-owned U.S. computer networks remain vulnerable to cyber attacks.
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