"Senate Democrats on Tuesday enlisted Janet L. Yellen, the Federal Reserve chairwoman, as an expert witness against Republican plans to roll back postcrisis financial regulations. In testimony before the Senate Banking Committee, Ms. Yellen said repeatedly that the new safeguards were effective and that regulation was not impeding economic growth." The New York Times article […]
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The New York Times reports today: President Donald Trump's vow to roll back government regulations at least 75 percent is causing anxiety for some pharmaceutical executives that a less robust Food and Drug Administration would make it harder to secure insurance coverage for pricey new medicines. The prospect of big change at the regulatory agency […]
The Washington Post reports: A federal class-action lawsuit alleges that JPMorgan Chase plotted to bilk D.C. jurors of money by forcing them to receive jury service payments on Chase debit cards that come with fees attached. The suit, filed Tuesday in U.S. District Court for the District of Columbia by D.C. attorney William Mark Scott, […]
FairWarning reports that "Tobacco giant R.J. Reynolds, the top seller of the menthol cigarettes favored by most black smokers, is seizing on the hot button issue of police harassment of blacks to counter efforts by public health advocates to restrict menthol sales." The full story is here.
This article by LA Times reporter Jim Puzzanghera explains how congressional democrats are planning to defend the Dodd-Frank financial reform litigation from serious incursions or repeal.
Go, for instance, here and here. Update: The Consumerist has this nice explanation.
February 2, 2017 – New York Salesman Sentenced to Prison for Fraudulently Selling Vending Machine Businesses February 1, 2017 – United States Files Enforcement Action Against Florida Company and Senior Managers to Stop the Adulteration and Misbranding of Medicated Animal Feeds January 31, 2017 – Three Individuals Arrested and Charged in South Dakota Fraudulent Medical […]
Federal Trade Commission announced today that Jessica Rich, Director of the Bureau of Consumer Protection, is leaving the agency on February 17, after 26 years of service. The press release is here.
The petition for review, filed in the DC Circuit, is here. Press release here. Excerpt from the press release: “We’re optimistic that the Court will rein in the FTC’s dangerous and irresponsible abuse of its authority. Instead of protecting consumers, the FTC is protecting unscrupulous auto dealers who engage in false and deceptive advertising about […]