The nation’s top consumer financial regulator wants to put a stop to that. The Consumer Financial Protection Bureau proposed a rule Thursday that would ban arbitration clauses, which would affect the entire financial industry and the hundreds of millions of bank accounts, credit cards and other financial services …
On Thursday, the Consumer Financial Protection Bureau (CFPB) proposed a new rule that would ban the use of mandatory arbitration clauses, which many banks and credit card companies insert into contracts to prohibit customers from filing class-action lawsuits against them. In the event a customer sues a company outside of small-claims court, the business can enforce these clauses to block a …
now, you probably know your Parmesan cheese may contain wood pulp, your oatmeal might not contain maple syrup and your tuna could be a little light in the can. And that’s just from the past few months. Would-be class-action lawsuits that challenge food labeling claims have been on the rise in recent years, driven in part by increased consumer demand for healthier food and more honest labeling, …
For the first time ever, a lawsuit over the torture of CIA prisoners is moving forward. It involves two psychologists based in Spokane, Wash. They were contracted by the CIA to design its notorious interrogation program.
Much of the criticism leveled against the Consumer Financial Protection Bureau (CFPB) in the Bureau’s brief five-year history has been centered on claims that the CFPB is too tough on businesses it deems to have engaged in predatory financial activity. This week, however, a large number of prominent national organizations called for the CFPB to get even tougher. A coalition consisting of more …
Napoli Shkolnik PLLC filed a class action lawsuit in the Northern District of New York on behalf of Hoosick Falls, New York residents Bryan and Kary Schrom against Saint-Gobain Performance Plastics Corp. (Saint-Gobain) and Honeywell International, Inc. (Honeywell). The Village of Hoosick Falls water crisis made headlines earlier in 2016 after …
The hulking write-down on Slater’s UK acquisition Quindell has put the company in a ‘financially precarious’ position. Ambition before fall as law firm Slater & Gordon faces possible class action
Slater & Gordon is now valued at $80 million, a fraction of its $2.75 billion value a year ago. An ambitious Australian company spends up big on a massive overseas asset. …
For years, the profits that have emerged from the opaque world of law have been beyond the reach of non-lawyers in Canada. But that is changing quickly. A recent ruling in Ontario has helped swing open the door for litigation investment funds — which allow investors to bankroll lawsuits in the hopes of sharing in the potential proceeds — to establish a beachhead in Canada.
Because the American credit reporting system relies on both good and bad reports of creditworthiness, a consumer must have some kind of credit—not just the absence of bad credit. (In some countries, the lack of a credit report can establish good credit). “The American system, on other hand, relies on total surveillance,” writes Chris Jay Hoofnagle in his primer on privacy law and the Federal …
The major film studios, their trade association and theater owners don’t want to be held hostage to any misguided morality play — not one that seeks to force them not to have any movies with tobacco imagery rated G, PG or PG-13. On Friday, they filed court papers asking a judge to reject a putative class action that blames them for children becoming addicted to nicotine. The lawsuit was filed …