Author Archives: Allison Zieve

“Wells Fargo Leaders Reaped Lavish Pay Even as Account Scandal Unfolded”

The New York Times reports: Wells Fargo and its leaders have expressed much contrition about the bank’s misdeeds, which included setting up as many as 2 million bank accounts without customers’ consent. Top executives have surrendered more than $90 million in compensation, fired employees at all levels and vowed to clean house. But the top […]

Meanwhile … Congress works on legislation to inhibit federal safety standards

In an op-ed in The Hill, former Rep. Steve Israel (D-N.Y.) explains: While President Trump has kept the public busy with his latest theories about President Obama’s wire-taps, the “deep state” and Arnold Schwarzenegger’s ratings, the Republican Congress has been quietly pushing forward a legislative agenda that will have an all too real impact on […]

Operators of bogus telemarketing scheme settle with FTC

The Federal Trade Commission announced yesterday that the operators of a telemarketing scheme charged with bilking millions of dollars from consumers, many of whom are seniors or military veterans on fixed income, will pay approximately $7.5 million in consumer redress under a settlement with the FTC. The stipulated final order also prohibits the defendants – […]

“Trump targets Obama’s global warming emissions rule for cars”

The Hill reports: President Trump will sign an order Wednesday to formally evaluate the Obama administration’s landmark greenhouse gas emissions standards for cars. The action, a top request from the automaker lobby to the new president, is the first step toward potentially weakening the aggressive standards that set a goal of a 54.5 mile-per-gallon auto […]

House bill would let employers require genetic testing

In connection with the health care legislation moving through the House of representatives, Stat News reports: A little-noticed bill moving through Congress would allow companies to require employees to undergo genetic testing or risk paying a penalty of thousands of dollars, and would let employers see that genetic and other health information. Giving employers such power is […]

“Senate GOP votes to nix Obama-era education rules”

The Hill reports: "The Senate is taking a hammer to a pair of Obama-era education rules. Senators voted 50-49 on Thursday to roll back a regulation that placed tougher accountability measures on schools. The rule detailed how public schools must carry out laws meant to ensure they are meeting the needs of all students. Republicans […]

CFPB proposes 6-month delay of prepaid card rule

The Consumer Financial Protection Bureau has announced plans to delay the effective date of its prepaid card rule for six months, to April 1, 2018. The CFPB's press release stated: "The CFPB’s prepaid accounts rule will provide strong consumer protections and we want the rule to become effective as soon as possible. However, through our […]