Federal Trade Commissioner Julie Brill on Thursday shot down the notion that companies that take reasonable measures to protect users’ privacy had no recourse for avoiding regulatory scrutiny if their policies failed to meet the agency’s standards.
Three attorneys were arrested Thursday for their roles in an alleged scheme to bilk Sacramento homeowners out of thousands of dollars in loan modification fees for services that their law firm never fulfilled.
Some U.S. financial regulators are "virtually paralyzed" by a constant fear that Wall Street banks will sue them over cost-benefit studies they conduct as part of their Dodd-Frank rule-making, a member of the U.S. Commodity Futures Trading Commission said Thursday.
A Florida federal judge on Wednesday partially junked a class action alleging JPMorgan Chase Bank NA took improper kickbacks from American Security Insurance Co. in forcing mortgage customers to buy high-premium flood insurance policies, but granted leave to amend some claims.
The Seventh Circuit said Thursday that Morgan Stanley Dean Witter Inc. didn't violate client agreements by charging postage-and-handling fees greater than what it actually paid to send trade confirmations, affirming an Illinois federal court's dismissal of a putative class action.
An Illinois federal judge on Wednesday certified a class of consumers accusing Abercrombie & Fitch Stores Inc. of breaching a contract by refusing to redeem gift cards that were never supposed to expire, though he narrowed the class' scope.
A North Carolina appeals court ruled Tuesday that StubHub Inc. could not be held liable for the resale of illegally overpriced tickets by independent brokers on its website, reversing the lower court in a putative class action over marked-up Hannah Montana tickets.
Members of the Federal Trade Commission urged the House Transportation and Infrastructure Committee on Wednesday to rethink a plan to relocate the FTC headquarters, a move the four commissioners say is unneeded and could cost more than $100 million.
A European Commission official on Wednesday called for increased cooperation among regulators in member states and abroad in order to successfully apply proposed data protection reforms, a move backed by regulators in England, Germany and Ireland.
A Delaware judge on Wednesday ordered Google Inc. to produce all documents it has that discuss online Canadian pharmacies advertising prescription drugs in the U.S., as part of an institutional investor’s suit seeking to inspect the company’s records.
Citing the U.S. Supreme Court's Concepcion ruling, the Missouri Supreme Court said Tuesday that courts should evaluate arbitration agreements using general contract law principles that don't favor or disfavor arbitration, blocking one agreement and reviving another in separate putative consumer class actions against payday lenders.
Businesses are turning to wellness programs to curb health care expenses, but programs that aren't carefully crafted can open employers up to costly privacy and discrimination litigation, attorneys say.
A German court ruled Tuesday that Facebook Inc. improperly forced users to give it license to use information posted on the site and that a service allowing Facebook access to users' contacts violated the country's privacy laws.
Pfizer Inc., GlaxoSmithKline PLC and six other major drugmakers were sued in class actions under federal racketeering and antitrust laws Wednesday for allegedly subsidizing illegal copayments for brand-name prescription drugs such as Lipitor and Nexium through the promotion of copay coupons.
A California appeals court on Tuesday backed the state’s move to deregulate rates for unlisted landline phone numbers, affirming the dismissal of a putative class action accusing AT&T Communications of California Inc. of grossly overcharging customers and violating their privacy rights.
The Ninth Circuit on Wednesday ruled that KeyBank NA could compel arbitration in a suit over the terms of several student loans, taking its cue from the U.S. Supreme Court's decision in AT&T Mobility Inc. v. Concepcion.
Right-leaning legal foundation Judicial Watch sued Monday to force the regulator of Fannie Mae and Freddie Mac to produce documents related to losses on mortgage-backed securities sold to the housing giants by such top financial firms as JPMorgan Chase & Co. and Bank of America Corp.
Federal regulators haven’t adequately performed cost-benefit analyses measuring the impact of proposed financial reform rules, which could lead to some rules being voided by the courts and overall uncertainty that could cripple U.S. economic activity, a research group said Wednesday.
French homeopathic medicine giant Boiron Inc. agreed on Tuesday to spend up to $12 million to settle several putative consumer class actions claiming it falsely advertised the benefits of its homeopathic remedies.
A top U.S. Department of Justice official on Wednesday defended a $335 million agreement with Bank of America Corp. to settle allegations that Countrywide Financial Corp. discriminated against African-American and Latino borrowers, after lawmakers charged that the payment was not large enough.