• Federal judge Preska of Southern District of New York rules structure of Consumer Financial Protection Bureau unconstitutional, creating split with D.C. Circuit which upheld CFPB structure;
• “Australia Attempts to Fight Tobacco Black Markets by Banning Large Cash Transactions” [Scott Shackford]
• “Restoring Accountability to the Business of Banking” [John A. Allison and Lydia Mashburn, Washington Examiner]
• NAM is among backers of Main Street Investors Coalition that will push back against corporate governance and shareholder activism forces on Left [Bainbridge; Alicia McElhaney, Institutional Investor]
• Supreme Court agrees to hear SEC enforcement action case on scope of liability for false statements [Greg Stohr, Bloomberg; Peter J. Henning, New York Times DealBook; Lorenzo v. Securities and Exchange Commission]
• “Why the Fall in IPOs Is a Threat to Popular Capitalism” [Diego Zuluaga, Cato]

Filed under: Australia, banks, CFPB, corporate governance, Securities and Exchange Commission, tobacco