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.
A California federal judge on Monday preliminarily approved a $2.7 million settlement in a class action against Allstate Insurance Co. over alleged false advertising in its insurance bills that tricked customers into paying the company before the money was actually due.
The U.S. Supreme Court on Monday let stand a California high court's ruling that fishermen and hunters are entitled to limited privacy rights, refusing to review a case alleging a fish and game warden subjected a fisherman who had caught a spiny lobster out of season to an unlawful search.
Australian Privacy Commissioner Timothy Pilgrim promised in a speech made public Tuesday to aggressively pursue consumer privacy violators — a guarantee made as the legislature moves closer to revealing reforms that would harmonize privacy principles and strengthen the commissioner's powers.
A House committee approved a pair of bills Tuesday that congressional Republicans say will boost the telecom industry by requiring the Federal Communications Commission to take into account relevant market conditions before imposing new rules and limiting the agency's ability to squeeze concessions out of merging companies.
A Federal Trade Commission administrative judge showed skepticism Tuesday at the agency's assertion that Pom Wonderful LLC's ads touting its pomegranate juice's health benefits crossed the line into false and misleading claims that it could treat or cure diseases.
U.S. prosecutors on Tuesday charged five purported members of computer hacking group Anonymous with pilfering confidential information from top media companies and government intelligence firms.
The mortgage servicing industry will confront within the next 12 months new rules on property insurance required by banks, adjustable rate mortgages and clarity in billing statements, the nation's top consumer financial protection watchdog said Tuesday.
Federal Trade Commissioner Julie Brill on Tuesday pledged to expand the agency's existing coordination with state regulators in policing consumer fraud matters in order to encompass emerging online privacy threats.
Sen. Chuck Grassley, R-Iowa, and Rep. Darrell Issa, R-Calif., asked the Obama administration Monday to determine federal agencies' polices regarding the monitoring of employee emails, citing concerns about whistleblower intimidation following allegations that the U.S. Food and Drug Administration wrongly monitored whistleblowers' emails.
Europe's national privacy regulators told two online advertising industry groups Thursday that their proposed code of conduct for data tracking was still too weak, saying the groups should adopt an international standards organization's Do Not Track mechanism.
A federal judge on Friday tossed a putative class action accusing TD Bank NA of improperly freezing customer bank accounts and imposing fees at the behest of creditors, saying the plaintiffs can’t use New York state law to sue the bank for money damages.
A proposed class of online shoppers on Tuesday accused Apollo Global Management LLC and its discount club services unit of colluding with credit card companies including Chase Bank USA NA to swindle customers through unauthorized charges, despite the subsidiary’s past settlement agreements restraining such practices.
The Seventh Circuit on Tuesday found that the Video Privacy Protection Act doesn't let customers seek damages when video-rental businesses keep rental histories longer than allowed, ruling for Redbox Automated Retail LLC in an interlocutory appeal from a putative class action.
A senior Republican in the U.S. House of Representatives on Monday unveiled a bill that would do away with the Federal Reserve’s mandate to maximize employment, and institute congressional oversight of the new Consumer Financial Protection Bureau, among other proposals.
Nevada's suit claiming Bank of America Corp. misled consumers about its home mortgage modification and foreclosure processes belongs in state court because it is not a class action or a mass action and doesn't raise questions of federal law, the Ninth Circuit ruled Friday.
Federal Trade Commissioner J. Thomas Rosch encouraged a House panel Monday to slash the agency's requested $300 million budget for 2013 due to the transfer of some of its powers to the Consumer Financial Protection Bureau, over the objections of Chairman Jon Leibowitz.
Reps. Mary Bono Mack, R-Calif., and Marsha Blackburn, R-Tenn., plan to introduce legislation this week to boost cybersecurity and require federal telecommunications and cybersecurity contractors to keep the government abreast of cyberthreats, spokesmen for the representatives said Monday.