Richard Feinstein brings a wealth of experience in both the public and private sectors to his new post. Don't expect any slackening in the agency's aggressive enforcement efforts, though. Both Feinstein and FTC chair Jon Leibowitz told us Feinstein intends to continue the FTC's established policies.

Capital One's lawyers at McDermott Will & Emery couldn't persuade a Fourth Circuit panel that the bank should be allowed to retroactively change its treatment of credit card late fees and reduce its taxable income by nearly half-a-billion over two years. And despite amicus support from Sullivan & Cromwell's Rodge Cohen, the appellate court also rejected Capital One's bid to deduct the estimated costs of a credit card miles program before customers actually redeemed their miles.