Transit Authority’s Politics Ban Puts General Counsel in Hot Seat

Defending a no-politics policy that took effect after an openly anti-Muslim group beat it in court, a lawyer for the Southeastern Pennsylvania Transportation Authority testified Monday that the agency was justified in blocking advertising about racial disparities in mortgage lending.

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Appellate Panel Tosses Challenge to CFTC Action After Settlement with Private Regulator

(CN) – The 11th Circuit ruled that an action brought by a self-regulatory commission does not preclude subsequent action by a government regulatory agency after an appeal by Southern Trust Metals Inc., which was found guilty of fraud for misleading customers about metal commodities purchases and charging interest on fraudulent loans.

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Market Disruption

The San Francisco Federal Credit Union accused the San Francisco Municipal Transportation Agency of negligent misrepresentation, breach of contract and bad faith by encouraging it to finance formerly free transferable taxi medallions at $250,000 apiece to thousands of cabbies beginning in 2010, as ride-hail services were about to disrupt the market, in S.F. Superior Court.

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