By C. Ryan Barber | July 17, 2017
Keith Noreika, acting comptroller of the currency, and Richard Cordray, director of the Consumer Financial Protection Bureau, are sparring over the CFPB's new, and controversial, push to restrict arbitration agreements that ban class actions in the banking and finance industries. Here's some of the back and forth between Keith and Rich.
By Charles Toutant | July 17, 2017
A Bergen County judge has ruled that an arbitration provision in a residential solar power contract is not cause to dismiss a proposed class action suit against the company installing the system.
By Michael Booth | July 17, 2017
Federal statutes and regulations on auto emission standards do not preclude New Jersey plaintiffs from pursuing consumer fraud and related claims against Volkswagen that stem from the carmaker's diesel emissions scandal, a state appeals court ruled on Monday.
By P.J. D'Annunzio | July 14, 2017
A New Jersey federal judge has approved an accord worth more than $5 million—including $725,000 in fees—that settles claims against a self-storage facility that allegedly sold customers' items before they had a chance to retrieve them.
By C. Ryan Barber | July 14, 2017
A Kentucky real estate law firm on Thursday prevailed against the Consumer Financial Protection Bureau's accusations that attorneys orchestrated a web of shell companies to make improper payments for referrals.
By thelegalintelligencer | The Legal Intelligencer | July 14, 2017
Superior Court erred in reversing the trial court's grant of summary judgment to defendants on whether there was a fiduciary relationship between the parties because a fiduciary relationship arose in the context of consumer transactions only if one party ceded decision-making authority to the other party and that did not occur in this case. Reversed in part.
By thelegalintelligencer | The Legal Intelligencer | July 14, 2017
Res judicata/collateral estoppel barred plaintiffs from litigating tort claims in state court after those claims were dismissed in federal court under the gist of the action and economic loss doctrines. Order of the trial court affirmed.
By C. Ryan Barber | July 14, 2017
The Consumer Financial Protection Bureau and the OCC are fighting over a new rule that would curtail forced arbitration in the banking industry. Uber drivers win a class certification ruling. SEC Chairman Jay Clayton lays out his agenda. This is a weekly regulatory roundup from ALM and around the web.
By newyorklawjournal | New York Law Journal | July 13, 2017
Fraud Claims Survive Under Economic Loss Rule's Fraudulent Inducement Exception
By Kevin Freking | July 12, 2017
Republican lawmakers have overturned more than a dozen regulations issued under President Barack Obama. Now, they're looking to do the same to a rule that would let consumers band together to sue their banks or credit card companies rather than use a mediator to resolve a dispute.
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