Financial Regulation

Consumer Financial Protection Bureau Update - October 2016 - Podcast

Financial Services & E-Commerce Practice Group Podcast
Wayne A. Abernathy, Julius L. Loeser October 20, 2016

Members of the Federalist Society’s Financial Services & E-Commerce Practice Group Executive Committee will provide an update on recent important activity at the Consumer Financial Protection Bureau (CFPB). The wide-ranging discussion will cover the CFPB’s payday loan rulemaking, civil penalty fund, consumer complaint database, management challenges, and the bureau’s views on student loans. Another important topic will be the U.S. Court of Appeals for the District of Columbia’s recent ruling in PHH Corporation, et. al., v. CFPB, that the CFPB's structure is unconstitutional.


  • Hon. Wayne A. Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers Association
  • Julius L. Loeser, Of Counsel, Winston & Strawn LLP

Courthouse Steps: Salman v. U.S. Oral Arguments - Podcast

Criminal Law & Procedure Practice Group Podcast
Todd F. Braunstein October 10, 2016

On Wednesday, October 5, the Supreme Court heard argument in Salman v. U.S. on what constitutes a personal benefit in insider trading.  The Court will consider the Ninth Circuit’s holding in this matter that a personal benefit can be established by the fact that a tippee shared a close family relationship. The Second Circuit previously held in United States v. Newman that a personal benefit to an insider necessary to establish insider trading under Dirks v. SEC requires proof of “an exchange that is objective, consequential, and represents at least a potential gain of a pecuniary or similarly valuable nature.” 


  • Todd F. Braunstein, Global Head of Legal Investigations, Willis Towers Watson

Salman v. United States (The Insider Trading Case)

Short video featuring Thaya Brook Knight
Thaya Brook Knight October 03, 2016

How will the Supreme Court rule on a new insider trading case? Thaya Brook Knight, associate director of financial regulation studies at the Cato Institute, explains the case of Salman v. United States and how the Court's decision may change insider trading law in America. Oral argument is October 5, 2016.

What is Bitcoin?

Short video featuring Max Raskin
Max Raskin September 08, 2016

Max Raskin, Research Fellow at the Institute for Judicial Administration at NYU Law, explains the theory and logic behind Bitcoin, what Bitcoins can be used for, and how Bitcoin has transformed our understanding of currency.

Future videos on this topic will discuss Bitcoin's mining process and various legal issues that surround the currency.