Consumer Protection

  • National Law Journal

    Trump's DOJ Can't Quickly End Suit Over Rule-Rollback Order

    By Marcia Coyle | May 23, 2017

    A lawsuit challenging the Trump administration's order that agencies eliminate two existing regulations for each new one will go forward despite the U.S. Justice Department's effort to end it quickly on procedural grounds.

  • Daily Business Review

    Florida Gets Nearly $1M in Target Data Breach Settlement

    By P.J. D'Annunzio | May 23, 2017

    Target agrees to pay more than $18 milliion nationally for the loss of customer information in a large-scale 2013 data breach.

  • New Jersey Law Journal

    Omnicare Settles 28-State Whistleblower Complaint for $8M

    By Robert Storace | May 17, 2017

    The prescription drug company denied allegations that it falsely billed Medicaid and Medicare while agreeing to the settlement.

  • National Law Journal

    US Banking Examiner, Sanctioned After Wells Fargo Scandal, Probes His Agency

    By Mike Scarcella | May 17, 2017

    A senior U.S. national bank inspector punished in the aftermath of the Wells Fargo sham-accounts scandal sued federal banking regulators on Tuesday for information about their investigation of him. The examiner, Bradley Linskens, who joined the U.S. Office of the Comptroller of the Currency in 1993, filed the public-records lawsuit in Washington federal district court.

  • The Legal Intelligencer

    Phila. Sues Wells Fargo Over Alleged Discriminatory Lending

    By Max Mitchell | May 16, 2017

    Philadelphia has sued Wells Fargo, alleging the bank violated the Fair Housing Act by targeting minority borrowers with high-risk and high-interest loans. The lawsuit is the first that a city has lodged against a financial institution since a recent U.S. Supreme Court ruling established that municipalities have standing to sue banks over allegedly discriminatory lending practices.

  • National Law Journal

    Anthem Won't Pay Breakup Fee, Uber Clashes With Regulators (Again), and the Cool Richard Cordray

    By C. Ryan Barber | May 12, 2017

    Anthem Inc. is dropping its bid to acquire rival health insurer Cigna Corp., and the company's stepping up the conflict in refusing to pay a $1.85 billion breakup fee. Uber Technologies and San Francisco tax authorities are fighting over public access to driver names and addresses—the latest confrontation between the ride-hailing company and regulators. And the clock expired on a Republican-led bid, through the Congressional Review Act, to void the Consumer Financial Protection Bureau's prepaid card rule. This is a roundup of regulatory action.

  • National Law Journal

    Trump's Justice Department Works Both Sides of the CFPB

    By Marcia Coyle | May 11, 2017

    The Trump administration's U.S. Justice Department is both simultaneously challenging and backing the Consumer Financial Protection Bureau, creating a litigation whirlwind as Republicans and business advocates push reforms that would strip some power from the Obama-era federal agency.

  • The Recorder

    SF Judge Approves $1.2B VW Settlement

    By Ross Todd | May 11, 2017

    Plaintiffs lawyers led by Lieff Cabraser's Elizabeth Cabraser intend to seek roughly 15 percent of the settlement fund, or $180 million.

  • National Law Journal

    'Echo Is Not Spying On You,' Amazon Lawyer Declares

    By C. Ryan Barber | May 11, 2017

    Months after Apple faced off with the FBI over an order to unlock an iPhone connected to the San Bernardino shooting investigation, Amazon.com Inc. was thrust center-stage in its own digital privacy debate when Arkansas prosecutors demanded data from a murder suspect's Echo device. Amazon initially objected to the demands last year, only to later grant access after the suspect consented to the release of the data. Speaking Thursday at a Consumer Federation of America conference in Washington, an in-house lawyer at Amazon stated flatly: "No, Echo is not spying on you."

  • New Jersey Law Journal

    NJ Securities Bureau Eyeing Investment Firms

    By Michael Booth | May 8, 2017

    The New Jersey Bureau of Securities is conducting its annual examination of the more than 900 registered investment adviser firms in the state, bureau chief Christopher Gerold announced on Monday—and for the first time asking about so-called robo-advisers.

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