Regardless of the outcome of the presidential election, power players on Capitol Hill are preparing for a turnover in leadership of key congressional committees, which could usher in new agendas and affect efforts to tackle financial reform, domestic energy production, liquefied natural gas exports, cybersecurity, competition policy, agency budgets and entitlement programs during the 113th Congress.
Amazon.com Inc. urged a California federal judge on Wednesday to cut a false advertising claim from Apple Inc.'s lawsuit accusing the online retailer of infringing its “App Store” mark, saying the claim was based on a novel theory that would “turn trademark law on its head.”
The Pennsylvania General Assembly presented a series of bills to Gov. Tom Corbett Thursday aimed at modernizing the state’s banking system to comply with federal requirements under the Dodd-Frank Act and making it easier for the state to crack down on unscrupulous bank officials.
Public interest groups that blocked the implementation of Pennsylvania's controversial voter ID plan filed a petition in state court Friday seeking to halt the state's media campaign urging voters to still bring their IDs to polling places.
The California Public Utilities Commission on Thursday opened for public comment two proposed decisions to either deny or partially grant a request by San Diego Gas & Electric Co. and Southern California Gas Co. to recover from ratepayers nearly $500 million in costs from the 2007 wildfires.
Three Georgia counties on Thursday sued units of HSBC USA Inc., alleging that the bank's mortgage unit used fraudulent practices to boost its subprime mortgage units and cost the counties hundreds of millions of dollars in lost tax revenue when the mortgages went bad during the financial crisis.
A pair of American International Group Inc. affiliates lodged a suit against Papa John's International Inc. in Kentucky federal court on Wednesday, arguing that it has no duty to defend or indemnify the pizza chain in two putative class actions alleging unsolicited telephone marketing.
Outback Steakhouse parent company Bloomin' Brands Inc. was hit with a proposed class action Friday in Connecticut federal court for allegedly sending automated unsolicited text messages to thousands of consumers on their cellphones in violation of the Telephone Consumer Protection Act.
The U.K. Financial Services Authority said Friday it has fined Lloyds Banking Group PLC unit Bank of Scotland £4.2 million ($6.7 million) for having inaccurate mortgage records for roughly 250,000 customers over a seven-year period.
Sen. Richard Blumenthal, D-Conn., on Thursday urged the government to crack down on aggressive and misleading advertising of motorized wheelchairs and scooters, claiming the tactics and fraudulent claims for the devices are driving up Medicare costs.
A California federal judge ruled Thursday in a proposed class action that Barnes & Noble Inc. must provide information on customers who tried to buy discounted Hewlett-Packard Co. tablets on the bookseller’s website only to have their orders canceled, allegedly in violation of false advertising and contract laws.
The Consumer Financial Protection Bureau on Wednesday proposed a revision to the Truth In Lending Act that would ease access to credit for stay-at-home spouses by allowing them to rely on shared income when applying for credit cards.
Proposals to boost capital reserves at U.S. banks include several provisions designed to protect financial institutions from risky mortgages in their portfolios, but the effort to create a firewall against failed home loans could stymie mortgage lending, especially at smaller banks, experts say.
The Federal Communications Commission on Wednesday endorsed the wireless phone industry's self-regulatory effort to stave off government mandates by voluntarily providing consumers with free notifications when they accumulate unexpected overage charges.
Illinois' highest court on Thursday upheld a jury finding that marketing firm North American Corp. of Illinois is liable for the invasion of a former employee's privacy by two investigative firms she said deceptively obtained her phone records, but trimmed the worker's $1.75 million punitive damages award.
Johnson & Johnson on Wednesday blasted a proposed class action that alleges some of its high-SPF sunscreens protect the skin no better than lower-SPF products, arguing the suit should be dismissed because the plaintiff had never purchased most of the products.
A Florida judge trimmed several counts from a proposed class action brought by a Winn-Dixie Stores Inc. employee alleging the company and an employee purchasing plan didn't adequately protect personal data or timely notify a data breach's victims.
A group of online subscribers to The Wall Street Journal told the Second Circuit on Wednesday that Dow Jones & Co. did not act reasonably when it stopped providing access to some of its Web content, urging the appeals court to reverse a district court's summary judgment ruling.
A banking industry group on Wednesday urged the Consumer Financial Protection Bureau to drop a proposal that lenders offer a no-fee and no-point mortgage, which they say would not be a “viable option” for most lenders, instead urging the bureau to allow lenders to provide other low-cost alternatives.
A unit of Spanish global banking giant Santander Group has been accused of assessing late fees to consumers who had not actually fallen behind on their car loan payments, according to a proposed class action removed to Massachusetts federal court Wednesday.