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Cybersecurity & Privacy

  • April 30, 2012

    Despite Delay, FHFA Likely To Allow Mortgage Relief

    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.

  • April 30, 2012

    2 Classes Win Cert. In Insurance Overcharge Suit, As AIG Exits

    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.

  • April 30, 2012

    FCC Says Data From Street View Was No Secret At Google

    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.

  • April 30, 2012

    CFPB Taps Ex-EEOC Commissioner As New Diversity Head

    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.

  • April 30, 2012

    Class Cert. Denied In GMAC, US Bank Foreclosure Suit

    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.

  • April 30, 2012

    Shop-Vac, Lowe's Sucked Into False-Specs Class Action

    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.

  • April 30, 2012

    6th Circ. Says FDCPA Covers Servicers Of Defaulted Loans

    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.

  • April 30, 2012

    Chemical Co. Falsely Labels Illicit Substances, W.Va. Says

    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.

  • April 30, 2012

    Court Says CP Laws Cover 3rd Parties In Real Estate Deals

    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.

  • April 30, 2012

    NY Panel Clears Bill To Lift Rebate Red Tape

    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.

  • April 30, 2012

    GNC Says False Ad Suit Over Stimulant Usurps FDA Powers

    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.

  • April 30, 2012

    BP Misled Customers About Debit Card Fees, Suit Claims

    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.

  • April 30, 2012

    Under Armour Sues Body Armor Drink Maker To Protect Mark

    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.

  • April 30, 2012

    Call Center Co. Accused Of Improperly Recording Consumers

    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.

  • April 30, 2012

    Accretive Blasts Minn. AG's Billing Practices Probe

    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.”

  • April 27, 2012

    House Floats Bill Banning Facebook Ultimatums

    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.

  • April 27, 2012

    FCC Votes To Curb 3rd-Party Charges On Landline Bills

    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.

  • April 27, 2012

    House Bill Would Halt Foreclosures On Gov't-Backed Loans

    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.

  • April 27, 2012

    Discount Tire Hidden Fee Lawsuit Runs Out Of Tread

    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.

  • April 27, 2012

    Industry Urges CFPB To Cut Lawsuit Risk In Housing Rule

    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.