Although the agency overseeing Fannie Mae and Freddie Mac postponed a decision originally due Monday on whether to let them cut mortgage balances for underwater homeowners, observers say the delay could increase the chance the failed mortgage giants will engage in principal reduction.
A New Jersey federal judge on Thursday certified two classes targeting an American International Group Inc. subsidiary and collection agency Credit Control Services with claims they improperly billed for auto insurance after policies had ended, but tossed claims against parent AIG.
Google Inc. might have known more about private information it was collecting through its Street View program than it has acknowledged in the past, according to a Federal Communications Commission notice released by the company on Friday.
The U.S. Consumer Financial Protection Bureau has snagged a top former U.S. Equal Employment Opportunity Commission official to head its new office focused on promoting workforce and management diversity, the bureau announced Monday.
A Massachusetts federal judge on Monday denied class certification to homeowners challenging foreclosures by GMAC Mortgage LLC, a U.S. Bank NA affiliate and others, finding the experiences of the proposed class members varied too widely under U.S. Supreme Court precedent from Wal-Mart v. Dukes.
Wet/dry vacuums made by Shop-Vac Corp. for Lowe's HIW Inc. offer a fraction of the horsepower and tank size the companies promised, disgruntled customers said in a proposed class action filed Friday in New Jersey.
Creditors and servicers that acquire defaulted loans can be considered debt collectors under federal debt collection laws, the Sixth Circuit said Monday, reviving a suit claiming a servicer for Deutsche Bank National Trust Inc. harassed a homeowner over an allegedly missed mortgage payment.
West Virginia's attorney general on Monday accused a chemical manufacturer of falsely labeling and marketing its synthetic substances as safe and legal when they actually endanger consumers and violate state law by imitating the effects of banned drugs like marijuana, cocaine and ecstasy.
The Maryland Court of Appeals on Monday ruled that consumer protection laws apply to parties other than direct sellers in real estate transactions, saying a condo owners' association could be held liable for lowballed damage and repair costs.
The New York State Senate's Consumer Protection Committee approved legislation Monday to ban retailers from promising rebates and then forcing customers to mail for them, but the move came after a far stronger bill was softened.
General Nutrition Centers Inc. on Thursday tried to muscle its way out of litigation over controversial workout-boosting supplement DMAA, telling a judge that a proposed false advertising class action raises safety issues best settled by the U.S. Food and Drug Administration.
BP America Inc. and a California gas station operator were hit Friday with a putative class action claiming they falsely advertised how much customers would pay in convenience fees if they used debit cards to buy gas.
Under Armour Inc. on Thursday accused a sports drink maker of leeching off the athletic apparel maker's good name by labeling its beverages with a name and logo intended to deceive consumers into believing the products fall under the UA brand.
Call center operator GC Services LP was hit with a putative class action in California federal court Thursday accusing it of illegally recording phone calls without properly informing consumers on the other end of the line.
Medical debt collection firm Accretive Health Inc. lambasted Minnesota’s attorney general on Sunday for conducting a billing practices investigation the company said was rife with “inaccuracies, innuendo and unfounded speculation.”
Federal legislators introduced a bill Friday to bar current and prospective employers from requiring job candidates and employees to submit their usernames and passwords for social networking sites such as Facebook.
The Federal Communications Commission voted Friday to pass a rule to shield consumers from unauthorized third-party charges on their landline phone bills known as "crammed" charges, which the FCC said come in small amounts and often go unnoticed by customers.
House lawmakers introduced a bill on Thursday that would force banks holding federally backed mortgages to negotiate loan modifications with homeowners, impose a three-year delay on foreclosures and empower federal courts to adjust mortgage balances.
A California federal judge on Wednesday dismissed a proposed nationwide class action accusing Discount Tire of charging customers for the disposal of their old tires without telling them up front, though an attorney for the plaintiff vowed to appeal the decision.
Banking and real estate industry trade groups urged the Consumer Financial Protection Bureau on Friday to structure a new rule aimed at protecting consumers against risky mortgages as a “safe harbor” that would curb risks of "groundless" lawsuits against lenders.