Tag: Elizabeth Warren

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OA699: Will Scumbag Payday Lenders Use the Supreme Court to Crush Liz Warren’s Dreams??

Today, Liz and Andrew take a deep dive into Consumer Financial Protection Bureau v. Community Financial Services Association of America, a case that the Supreme Court just granted certiorari to review. Is the conservative Roberts court going to gut Liz Warren’s signature accomplishment, the CFPB? Listen and find out!

(Yes, Andrew screwed up the numbering so you got episode #700 before #699… now everything should be good!)

Notes
CFPB v. CFSAA cert petition and 5th Circuit opinion
https://www.supremecourt.gov/DocketPDF/22/22-448/246429/20221114155607407_No.%20CFPB%20et%20al.%20v.%20CFSA%20et%20al.pdf

Responsible lending
https://www.responsiblelending.org/research-publication/fact-v-fiction-truth-about-payday-lending-industry-claims

The Victims of Payday Lending
https://www.responsiblelending.org/issues/victims-payday

OA 126
https://openargs.com/oa126-mick-mulvaney-consumer-financial-protection-bureau/

12 C.F.R. § 1041.8
https://www.consumerfinance.gov/rules-policy/regulations/1041/8/

12 U.S.C. § 5511
https://www.law.cornell.edu/uscode/text/12/5511

Seila Law, LLC v. Consumer Financial Protection Bureau, 591 U.S. 207 (2020)
https://scholar.google.com/scholar_case?case=14557349188638541514

12 U.S.C. 5497
https://www.law.cornell.edu/uscode/text/12/5497

OPM v. Richmond, 496 U.S. 414 (1990)
https://scholar.google.com/scholar_case?case=1013607894853666546

Kate Stith, Congress’s Power of the Purse, 97 Yale L.J. 1343 (1988)
https://openyls.law.yale.edu/bitstream/handle/20.500.13051/16554/62_97YaleLJ1343_June1988_.pdf?sequence=2

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Transcript of OA336: Warren’s Wealth Tax & CRA for SCOTUS?

[Show Intro]

Thomas:         Hello and welcome to Opening Arguments, this is episode 336.  I’m Thomas Smith, that over there is Andrew Torrez, how’re you doing Andrew?

Andrew:         I am doing fantastic Thomas!  How are you?

Thomas:         I am doing even better because we have got the deepest of deep dives, I can’t wait for this episode because there’s some really cool law stuff happening and I’m just excited, and it’s not necessarily revolving around Trump which is fun.  It’s a nice change of pace, I think.

Continue reading “Transcript of OA336: Warren’s Wealth Tax & CRA for SCOTUS?”
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OA336: Warren’s Wealth Tax & a CRA for SCOTUS?

Today’s episode takes a deep dive into Elizabeth Warren’s wealth tax. Is it constitutional? How will the arguments shape up? Listen and find out!

We begin, however, with an interesting proposal for a “Congressional Review Act” for the Supreme Court by law professor — and professional Supreme-Court-fixer — Ganesh Sitaraman. Will this proposal meet with more approval than Sitaraman’s previous “lottery” idea?

Then we do a deep dive into the history of taxes in this country, looking at two very old cases — one from 1895 (Pollock v. Farmers’ Loan & Trust Co., 157 U.S. 429), and one from way back in 1796 (Hylton v. U.S.). We also cover the Wilson-Gorman Tariff Act of 1894, as well as check in on the most recent Supreme Court tax ruling from Chief Justice John Roberts, the NFIB v. Sebelius 2012 Obamacare decision.

What do we learn from all that? Well, you’ll just have to give it a listen!

After all that, it’s time for the answer to what some are calling the easiest #T3BE question ever about falling off a ladder. Are they right? Was Thomas? There’s only one way to know for sure!

Appearances

None! If you’d like to have either of us as a guest on your show, drop us an email at openarguments@gmail.com.

Show Notes & Links

  1. Please do participate in our favorite charity event of the year, Vulgarity for Charity! To participate, just donate $50 or more to Modest Needs, and then send a copy of the receipt to vulgarityforcharity@gmail.com along with your request for a roast. You can even request that Thomas & Andrew roast the victim of your choice.
  2. You can read Prof. Sitaraman’s latest article in The Atlantic suggesting a “Congressional Review Act for the Supreme Court.” (We previously broke down the Congressional Review Act way back in Episode 61.)
  3. We last touched on Prof. Sitaraman’s “How to Save the Supreme Court” lottery proposal somewhat less favorably in Episode 294.
  4. Head on over to Elizabeth Warren’s campaign site to read her “Ultra-Millionaire Tax” proposal.
  5. Resources for tax law: Hylton v. U.S. (1796); Pollock v. Farmers’ Loan & Trust Co., 157 U.S. 429 (1895), and NFIB v. Sebelius (2012).
  6. Finally, you can check out the scholars letters submitted in support of Warren’s tax plan as well as the Johnson & Dellinger law review article, “The Constitutionality of a National Wealth Tax.“

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OA281: Follow the Money! (Analyzing Judge Mehta’s Order)

Today’s episode breaks down Judge Mehta’s recent order in the Trump v. Mazars litigation, which is parallel to the Deutsche Bank lawsuit we discussed on last week’s show. Why is this ruling significant, how does it accelerate the House’s efforts to uncover crucial financial documents, and what does this mean for the future of the Trump Presidency? Listen and find out!

We begin, however, with a look at some late-breaking news from Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez, who have requested information from Treasury Secretary Steven Mnuchin related to his tenure at Sears (that we discussed in Episode 273) and whether that conduct continued during his time working for the Trump administration.

Then, it’s time for the main segment, in which we discuss Judge Mehta’s order, what it means for the future of the Trump investigations (and for future presidential administrations!), as well as deal with skeptical questions about the potential timeframe. Learn how the Congressional Democrats maneuvered to get this case fast-tracked so as to avoid endless delays — and listen to Andrew’s possibly-surprising prediction about what he thinks the Supreme Court won’t do to protect Trump!

After all that, it’s time for a brand new Thomas Takes the Bar Exam #127… and yes, it’s another dreaded real property question. Worse, it’s a hard one — in which the question gives you the answer but asks for the best reason why. Find out what happens when someone conveys property and dies while the gift recipient is overseas serving in the military. And if you’d like to play along with #TTTBE, just share out this episode on social media for a chance to be next week’s winner!

Appearances

Andrew was a guest on the most recent episode of Pod Therapy, discussing the “Goldwater Rule,” and Thomas was a guest on Episode 196 of God Awful Movies, “Alien Intrusion: Unmasking a Deception.” If you’d like to have either of us as a guest on your show, drop us an email at openarguments@gmail.com.

Show Notes & Links

1.  This is the link to the Warren/AOC letter to Mnuchin

2.  We most recently discussed the Congressional subpoenas into Trump’s finances in Episode 279.

3.  Text of Judge Mehta’s order in the Mazars case.

4.  This is the New York Times story about the Deutsche Bank whistleblower; and for an in-depth discussion of SARs reports, check out Carla McCadden in Episode 174.

5.  This is the report that some lenders have already provided documents to the House, and we discussed the Wells Fargo penalties in Episode 146 and 169.

Support us on Patreon at:  patreon.com/law

Follow us on Twitter:  @Openargs

Facebook:  https://www.facebook.com/openargs/

Don’t forget the OA Facebook Community!

For show-related questions, check out the Opening Arguments Wiki, which now has its own Twitter feed!  @oawiki

And email us at openarguments@gmail.com




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