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October 26, 2017

“McConnell 1, Cordray 0”

A Talcum Powder Tort Blowout: After a California judge tossed a verdict over Johnson & Johnson’s talcum powder liability, the Wall Street Journal Editorial Board said “plaintiff lawyers are hoping to make talc torts the next asbestos racket.” In that case, the judge found the plaintiffs’ scientific evidence did “not support liability…much less support a finding of clear and convincing evidence that a punitive damage was appropriate.” (Wall Street Journal)

OCC’s Noreika Applauds Senate Action to Overturn Arbitration Rule: Acting Comptroller of the Currency Keith Noreika, who had released a study showing the Consumer Financial Protection Bureau’s anti-arbitration rule would have raised the cost of credit cards for consumers, commended the Senate’s action on repealing the rule. He said repeal is “a victory for consumers and small banks across the country.” (ABA Banking Journal)

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