Posts tagged with: "general"
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16 Oct 2011, 7:46 pm by Kevin Funnell
The lovers of the idea that United States needs just a few humongous banks that dominate our financial products must take hope from another unintended consequence of the wonderful world unleashed by Dodd-Frank, the CFPB, and the Federal Reserve Board: the consolidation of the mortgage origination and servicing businesses. MetLife Bank, a division of insurer MetLife Inc., is selling the bank's mortgage business, citing uncertainty in the marketplace and a regulatory environment that requires… [read post]
6 Oct 2011, 9:48 am by msW1Ld
On October 3, 2011, the Ninth Circuit held that parens patriae actions commenced by state attorneys general are not “class actions” under the Class Action Fairness Act (“CAFA”) and, therefore, could not be removed from federal to state court under the CAFA removal provisions.  Washington v. Chimei Innolux Corp., No. 11–16862, 2011 WL 4543086 (9th Cir. Oct. 3, 2011).  The California and Washington attorneys general commenced actions under state law in their respective state courts to… [read post]
12 Aug 2013, 1:35 pm by Steve Brachmann
Today, we check in with General Electric to see what technological systems it’s trying to protect through the U.S. Patent & Trademark Office. Many of the published USPTO documents we feature here discuss improvements to energy systems. These include two patent applications, one that would protect smart energy storage for in-home water heaters and another that would protect a system of monitoring damage to power cables. An issued patent discusses GE’s development of a self-healing… [read post]
18 Apr 2010, 11:52 am by The Berniard Law Firm
For those Louisiana residents, whether you live in Lake Charles, Shreveport, Baton Rouge, New Orleans, Kentwood or any other of the great cities across this state, looking for more information on their possible personal injury claim, check out our blog dedicated to these legal matters: Louisiana Personal Injury Blog This blog discusses the legal issues relating to Admiralty/Maritime law, Animal/Dog Bites, Car Accidents, Chemical/Industrial Spills, the intricacies of Expert Testimony, Insurance… [read post]
4 Sep 2013, 7:51 pm by Kevin Funnell
When the FHFA sued the city of Chicago a couple of years ago over Chicago's constitutionally questionable ordinance that attempts to make lenders responsible for maintaining vacant buildings they do not own, we predicted that the biggest losers would be the taxpayers, of the US (which "owns" the FHFA's charges, FNMA and FHLMC) and of Chicago (which is paying beaucoup legal fees to fight a losing cause). Well, the losers continue to lose. A federal court decision dealt a serious blow last week to… [read post]
20 Jan 2014, 7:36 am by Steve Brachmann
The featured application today discusses a novel GE system of flight management that has the potential to create great savings in costs incurred by airlines on a flight-by-flight basis. This system can respond dynamically mid-flight to changes in weather conditions and other parameters that affect fuel usage and other costs. Additional patent applications we discovered involve improvements to dosimeters and other chemical sensors as well as a newly designed dishwasher heating element that can… [read post]
11 Jul 2013, 7:59 pm by Kevin Funnell
The word from the Treasury confirms something we've believed for a long time: the cost of TARP to the American tax payers will end up being small potatoes. The Congressional Budget Office says TARP’s subsidy cost to the government – including grants for mortgage aid initiatives – currently stands at $21 billion, down $3 billion from the last estimate of $24 billion. Remember when everyone was moaning about a price tag that appeared to be 700 billion dollars? That was when many of… [read post]
9 Dec 2013, 7:33 pm by Kevin Funnell
Because it's Monday and I'm a "Little Miss Sunshine" kind of guy, the kind of guy who wants every bank executive to get off on the right foot each and evey week, I need to pass along an upbeat article that was sent to me today by a credit union industry representative. As this correspondent said so well, "You can substitute 'community banks' for 'credit unions' in the article and it works just the same." It's a cheery little piece by Credit Union Times Executive Editor Heather Anderson. She's been… [read post]
3 Mar 2011, 5:48 pm by Daniel Schwartz
The oft-debated paid sick leave bill has made another appearance at the legislature. And as in the past, it has been voted out of the committee, this time by a narrow vote of 6-5 on Thursday, March 3rd. None of this ought to come as any surprise. It's been voted out of committee for the last four years. And as predicted last November, Governor Malloy's support for the measure suggested that the bill would at least see some debate. But it's not as though there is smooth sailing ahead. The Hartford… [read post]
8 Jul 2010, 11:01 pm
If you tire of the seemingly endless demagogic blather that governmental officials and pundits often pass off as discussion of key societal issues, then be sure to read this insightful Will Wilkinson post on the politics of ignorance: The problem [of ideologues elevating doctrine over wisdom] is heightened by the fact that the reading public generally enjoys ideologues more than three-handed scholars, and so the more ideological among ideologues find themselves with larger audiences and more… [read post]
9 Dec 2012, 8:05 pm by Kevin Funnell
Eighteen months ago, we made the official call: "B of A has become the poster child for foreclosure dysfunction." Of course, we were way late in throwing that flag, but unless we could belabor the obvious, we'd be out of blogging material. The incident that prompted our banal observation was the sweet foreclosure by a wrongfully foreclosed-upon Florida couple upon a Bank of America branch, a theatrical performance engineered by an attorney only eight months out of law school. It turns out that the… [read post]
16 Dec 2012, 7:57 pm by Kevin Funnell
As a client alert issued by the law firm bearing my favorite acronym (MoFo) put it so well, last week "Congress gave banks and other ATM operators an early holiday present." On December 11, the Senate unanimously passed S. 3204, which eliminates the external fee notice requirement in the Electronic Fund Transfer Act, 15 U.S.C. § 1693, et seq. (“EFTA”). The House passed an identical bill, H. 4367, last July. The President is expected to sign the measure into law. I'm not sure… [read post]
18 Dec 2011, 7:53 pm by Kevin Funnell
Was anyone surprised by this? The Federal Housing Finance Agency sued Chicago to prevent the enforcement of a recent ordinance forcing the maintenance of vacant homes before the foreclosure process is completed. [...] The FHFA claims in a lawsuit filed with the U.S. District Court for the Northern District of Illinois that the ordinance forces Fannie Mae and Freddie Mac to comply "even when the enterprises have not foreclosed upon a property and therefore do not have ownership of the… [read post]
6 Jun 2011, 7:34 pm by Kevin Funnell
The great thing about irony is that it splits things apart, gets up above them so we can see the flaws and hypocrisies and duplicates.--David Foster Wallace Knowing what a fan I've been of the foreclosure practices of Bank of American over the past few years, a member of the bank trade press sent me a link to a story that made my day, perhaps my week. Last February, we recounted one in a series of foreclosure mishaps by Bank of America, in that case involving Bank of America's foreclosing on a… [read post]
10 Dec 2012, 2:58 pm by Zenneia McLendon
Last Tuesday, ACC’s Law Department Management Committee hosted a webcast, “Practical Tips for the New General Counsel.” During the online presentation, moderators Kevin Blodgett, senior vice president and general counsel, Rockwater Energy Solutions, Inc., and Robin Snasdell, managing director, Huron Legal, outlined 10 practical tips for new GCs. “Begin with the End in Mind” was the principal theme of the presentation. According to the moderators, the three pillars of… [read post]
21 Apr 2013, 7:54 pm by Kevin Funnell
Nearly two years ago, we noted that the Florida Bar had filed a complaint against former Florida Foreclosure King David J. Stern over alleged ethical lapses related to the meltdown of his foreclosure mill firm in the wake of a robosigning scandal. The wheels of justice grind exceedingly slowly (at least, they do in The Sunshine State), but last week, the Bar filed another whopper against Stern. It took two years, but the Florida Bar has finally dropped a doozey of a complaint against former… [read post]
1 May 2013, 9:34 am
The General Assembly has taken action on several Workers' Compensation bills in this year's session. Twenty-five bills dealing with Workers' Compensation matters were introduced. The bill calling for Commission decisions to be emailed will become law while another piece of proposed legislation -- that would expand punishment for employers who retaliate against workers who file workers' compensation claims -- has been referred for study. Many other bills probably won't make it out of this year's… [read post]
17 Apr 2014, 5:00 am by Steve Brachmann
Today’s featured patent application would protect a novel system of addressing power outages when a utility network doesn’t receive notification of the event directly from customers. This system allows a utility network to scan social media posts for relevant information about outages, and then turn those posts into instructions for maintenance crews. We also discuss a few inventions related to wind turbines, including a new method for measuring lightning strike damage on wind turbine… [read post]
18 Sep 2011, 7:44 pm by Kevin Funnell
Former FDIC Chairman (and current Chairman of Fifth Third Bancorp.) Bill Isaac gave a no-holds-barred interview to's Tracy Kitten last week, in which he had some harsh words for Dodd-Frank in general and the Durbin Amendment in particular. Among the high points to me were the following: We could very well be on the verge of a double-dip recession "because we just have a dearth of political leadership in this country right now...We've lost confidence and the government is doing… [read post]
18 Oct 2013, 5:00 am by Steve Brachmann
We noticed a great deal of patent applications and issued patents pertaining to medical technologies. Today, we feature one application that discusses an improved system for detecting the location of surgical instruments during a medical procedure. This improvement over image-guided surgery, which relies on video feeds from surgical instruments, informs medical professionals of the exact location of an instrument within a patient. We also look at an application for an improved pulse oximeter that… [read post]