Business Law
Business Law News 2015, Issue 3
Content
- Business Law News Editoral Team
- Executive Committee: Message from the Chair
- Executive Committee of the Business Law Section 2014-2015
- MCLE Article: the Rules of Professional Conduct Do Apply to In-House Lawyers
- Orap Liens and Bankruptcy Law: Protecting the Interests of Judgment Creditors With Secret Liens
- Regulate or Be Regulated: the Impact of Landmark Groundwater Legislation on Local Agencies
- Sharing Economy: An Interview with California Insurance Commissioner Dave Jones
- Standing Committee Officers of the Business Law Section 2014-2015
- Stay No More: the Cfpb's Proposed Amendments To Servicing Rules Undermine the Clarity of the Automatic Stay
- Table of Contents
- Test Your Knowledge: Recent Developments in Insolvency Law
- The Consumer Financial Protection Bureau's Enforcement Activities: 2014 Year In Review
- Bln Editorial Board: Message from the Issue Editors
BLN Editorial Board: Message from the Issue Editors
Samire Elhouty and David A. Saltzman
We are proud to present the third issue of the Business Law News of 2015, which you now hold in your hand. This is an oversized issue, jam-packed with articles designed to provide practical guidance to business lawyers on a number of different subjects.
In the first article, starting on page 7, Jennifer A. Duncan and Alicia H. Tortarolo summarize the enforcement activities conducted by the Consumer Financial Protection Bureau (CFPB) in 2014. The CFPB, formed pursuant to the Dodd-Frank Act, has supervisory authority over banks and credit unions with total assets of more than $10 million, as well as certain non-bank entities. As the CFPB has been expanding its reach in the consumer financial services industries, this article can help business law practitioners get up to speed on the CFPB’s enforcement activities.
Everyone knows that California is currently suffering from a terrible drought. What most people do not know is that California has been the only state that does not regulate groundwater. Thus, landowners have been free to pump groundwater however they see fit without any state interference—until now. Governor Brown has signed three bills into law that, combined, regulate groundwater use in California as the Sustainable Groundwater Management Act. In the second article, Regulate or Be Regulated: The Impact of Landmark Groundwater Legislation on Local Agencies, Kenneth J. Price and Lauren D. Layne provide an overview of the new law and the governmental agencies that will enforce it.