A Washington Post story today, entitled "Did your college mislead you about job prospects? It might become far easier to have your loans forgiven," explains: A little-known rule called Borrower Defense to Repayment, which is making its way through the regulatory process in Washington, initially was aimed at cracking down on the fraudulent behavior of […]
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This article by Steven Mufson explains that "the fuel efficiency standards championed by President Obama in 2012 will fall short of the 54.5-miles-per-gallon 2025 target the administration set because consumers are buying more pickup trucks, vans and sports utility vehicles than expected, according to a new technical assessment report by the Environmental Protection Agency and the […]
This short article by Gayatri Rao, the Food and Drug Administration's director of Orphan Products Development, explains that, in recent years, drug companies have been filing many more "orphan drug" applications than they used to. Orphan drugs are drugs aimed at treating people with rare diseases. Drug companies sometimes say that it's too costly for them […]
July 15, 2016 – District Court Enters Permanent Injunction Against Minnesota Food Manufacturer and Company’s Managers to Prevent Distribution of Adulterated Food Products July 12, 2016 – Residents of Three States Charged with Unlawful Sale of Dietary Supplements July 11, 2016 – Southern California Man Pleads Guilty for His Role as Sales Manager in Fraudulent […]
The Consumer Financial Protection Bureau announced yesterday that it has ordered Santander Bank, N.A. to pay a $10 million fine for illegal overdraft service practices. Santander’s telemarketing vendor deceptively marketed the overdraft service and signed certain bank customers up for the service without their consent. In addition to paying the civil money penalty to the […]
The Hill reports on the new federal GMO-labeling bill, which has drawn praise and criticism. A bill to create a federal labeling standard for foods with genetically modified ingredients and block states from issuing their own laws sailed through the House on Thursday. The bill, which passed by a 306 to 117 vote, directs the […]
The Washington Post reports: After months of debate over the Federal Aviation Administration reauthorization bill, and at an apparent impasse over privatizing air traffic control, Congress has settled on a compromise — with some unexpected benefits for the average air traveler. The House and Senate have agreed on an extension that would fund the agency […]
Of the dozens of vehicles — small S.U.V.s and midsize cars — whose headlights the Insurance Institute for Highway Safety has tested this year, only one has been rated “good.” That was a 2016 Toyota Prius V. The best any others could muster was merely “acceptable,’’ and many fared much worse. There’s at least one […]
by Paul Alan Levy There is somebody on the other side of the Pacific Ocean who has a strongly negative perspective on Nicholas Assef, the head honcho at an Australian financial services firm called Lincoln Crowne – or at least, somebody held such views nine years ago. We know at least that much because, in […]
Data compiled by the Auto Insurance Center shows that in states with tougher driving laws, fewer motorists die in auto accidents. Comparing speed limits, teen driving restrictions, and seat belt laws in the states, the Auto Insurance Center found a direct relationship between tougher laws and fewer deaths. To explore whether states with stricter laws […]