The Washington Post reports: Education Secretary John B. King Jr. on Monday rejected an appeal from the Accrediting Council for Independent Colleges and Schools, one of the largest national accreditation agencies, to remain the gatekeeper between colleges and billions of dollars in federal financial aid. King is siding with his staff and an independent advisory board that […]
The Food and Drug Administration has announced that it "is now making it easier and faster for health care professionals and patients to get the most up-to-date drug safety information on the more than 18,000 drugs available on our website. Our improved Drug Safety Labeling Changes Program enables FDA to post the latest safety information […]
The Federal Trade Commission has issued the National Do Not Call Registry Data Book for Fiscal Year 2016. Consumers can use the National Do Not Call Registry to choose not to receive telemarketing calls. Now in its eighth year of publication, the Data Book contains a wealth of information about the Registry for FY 2016 […]
The Consumer Financial Protection Bureau has entered into consent orders with three reverse mortgage companies for deceptive advertisements, including claiming that consumers could not lose their homes. The CFPB is ordering American Advisors Group, Reverse Mortgage Solutions, and Aegean Financial to cease deceptive advertising practices, implement systems to ensure they are complying with all laws, […]
Here (free content). The entire article is worth a read, but here are some highlights: J.W. Verret, an associate law professor at George Mason University School of Law, listed some reasons why he thinks Cordray could be removed for cause: allegations of employee discrimination and retaliation at the CFPB, and a settlement with auto lender Ally Financial that some […]
Here. Excerpt: * * * Title X of the Dodd-Frank Act * * * gives the agency explicit authority to pursue its own litigation up to and including the Circuit Court level. But when it comes to the Supreme Court, the law says the CFPB must first file a written request to the U.S. Attorney General […]
The law firm Edelson PC has filed a RICO suit against a bunch of lawyers and law firms that regularly represent objectors to class-action settlements. The complaint, filed in federal district court in Chicago, is worth a look. Basically, it alleges that the defendant lawyers and law firms are using frivolous objections (and frivolous appeals from trial-court approvals […]
Here. Excerpt: On Monday, September 12, Fultz was summoned to a meeting with the human resources manager at her company, EGS Customer Care. She was given a form and told she needed to sign it. The form, titled “Agreement to Arbitrate,” bore the name of EGS’s parent company, Alorica. It pledged employees to resolve all […]
Here. An excerpt: To begin with, rather than facing punishment from President Trump, Carrier will garner a $7-million state tax break from Indiana over 10 years to keep 730 jobs in town, with no guarantee the jobs will even last that long. That’s a minuscule benefit for a company with a profit of $7.6 billion on […]