LinkedIn Corp. is investigating the reported theft of nearly 6.5 million user passwords, it confirmed Wednesday, a breach attorneys say could expose the company to not only significant reputational harm, but also potential privacy litigation brought by a plaintiffs bar that has become increasingly aggressive in the face of rising cybersecurity threats.
San Francisco Mayor Ed Lee and four other California mayors on Wednesday urged the five banks that were part of the $25 billion national settlement over mortgage abuses to temporarily put foreclosure proceedings on hold for homeowners who may be eligible for relief under the court deal.
A plaintiff who said self-described “people search engine” Spokeo Inc. spread inaccurate consumer reports about him told the Ninth Circuit on Friday that a trial court shouldn't have dismissed his putative class action on the grounds that he hadn't shown sufficient injury.
The Consumer Financial Protection Bureau on Wednesday released final rules outlining how it will investigate potential violations of consumer protection laws, as well as how enforcement actions will proceed at the agency.
Shapiro & Burson LLP and Westport Insurance Corp. on Tuesday settled their lawsuit over the insurer’s obligation to cover the law firm in its defense against class actions accusing its attorneys of illegally signing each other's names to affidavits in foreclosure proceedings.
Banking regulators on Wednesday said they would delay finalizing a rule exempting high-quality mortgages from mortgage-backed security risk retention rules until the Consumer Financial Protection Bureau wraps up a delayed rule defining which mortgages would qualify as high quality.
The British privacy regulator hit a hospital trust with the largest civil monetary penalty in the watchdog's history Friday following a significant patient and staff data breach, a fine that attorneys say should serve as a warning that the regulatory agency will not go lightly on companies that outsource their information management activities.
The leaders of Congress’ bipartisan privacy caucus on Monday urged Facebook Inc. to reveal more information about its possible plans to allow children under 13 to join its website, an expansion experts say would boost not only revenue but also regulatory scrutiny.
New York lawmakers, concerned that consumer-fleecing technology used by merchants to erase taxable transactions could be costing the state billions of dollars and that fraudsters aren't being punished, pushed a law containing heavy fines and possible prison terms for so-called tax-zappers on Monday.
The Walt Disney Co. pointed to the public good when it announced Tuesday it would ban children's junk food ads and post labels on food and beverages vouching for their nutritional value, but that won't stop regulators and consumer groups from scrutinizing its claims that a product is healthy, experts say.
Reality television darlings the Kardashian sisters and a group of retail pharmacies urged a New York federal judge Monday to dismiss them from a putative class action alleging false advertisement of a caffeine-based weight loss product, arguing they weren't liable for claims the product's manufacturer made.
Alberta, Canada's privacy overseer said Monday that she will appeal an Alberta court's ruling that the province's personal information statute is unconstitutional because it opposes the right to expression of a union that videotaped people who crossed a picket line.
General Motors Financial Company Inc., formerly AmeriCredit Financial Services, on Friday agreed to pay $388 million to settle claims that AmeriCredit violated California state law by failing to properly notify thousands of borrowers before selling their repossessed cars.
Michaels Stores Inc. was hit Friday with a lawsuit by XL Insurance America Inc. that claims the insurer has no obligation to indemnify the retailer against putative class actions over the theft of financial data from stores in more than 20 states.
New York Attorney General Eric Schneiderman revealed Monday that he had hired a former federal prosecutor to run the office's investigation into banks' practices in putting together mortgage-backed securities during the housing bubble.
Vermont Attorney General William H. Sorrell on Friday heralded a series of recent legislative enactments that align the state with a national push to provide consumers with enhanced protections from deceptive marketing, security breaches, faulty products and other harmful business practices.
The Consumer Financial Protection Bureau and federal banking regulators on Monday laid out how they will coordinate supervision of large banks and credit unions under Dodd-Frank reforms, but the agreement may not go far enough to ease industry concerns that they will be in for a severe increase in oversight.
The Consumer Federation of America released a report Monday detailing how insurance companies can easily manipulate computer programs to underpay injury claims by millions of dollars, calling on regulators to probe potential abuses.
A federal judge in Washington state dismissed with prejudice a putative class action Thursday against Amazon.com Inc. over its use of Internet cookies to gather users’ personal information without their permission, sinking a final attempt by plaintiffs to put a dollar amount on their privacy.
Ikea USA West Inc. on Friday urged a California federal court to narrow a certified class of all consumers whose ZIP codes were collected by the company, a request that could affect future classes under the Song-Beverly Credit Card Act.