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Consumer protection agency targets debt-settlement service providers

May 14, 2013 3:21 PM
By Stephanie Ostrowski

WASHINGTON (Legal Newsline) – Two debt-settlement service providers allegedly charged consumers illegal advance fees for debt settlement services according to a complaint filed by the Consumer Financial Protection Bureau on May 7. New York-based company Mission Settlement Agency, Premier Consultant … Read More »

District of Columbia, Federal Government, News

AGs call for ‘black box warning’ on prescription pain relievers

May 13, 2013 11:45 AM
By Jessica M. Karmasek

WASHINGTON (Legal Newsline) — The National Association of Attorneys General sent a letter Monday to the U.S. Food and Drug Administration urging it to require a so-called “black box warning” on prescription pain relievers in an effort to better protect … Read More »

Federal Government, News, State AGs

N.Y. AG calls for federal housing agency acting director’s immediate removal

May 10, 2013 11:15 AM
By Jessica M. Karmasek

NEW YORK (Legal Newsline) — New York Attorney General Eric Schneiderman, in an op-ed published Wednesday, called for the immediate removal of Edward DeMarco, the acting director of the Federal Housing Finance Authority. Last week, President Barack Obama announced he … Read More »

Federal Government, Financial Crisis, Hot Topics, New York, News, State AGs, Sub-Prime Mortgages

S.D. AG issues alert about IRS email scam

May 9, 2013 12:37 PM
By Bryan Cohen

PIERRE, S.D. (Legal Newsline) – South Dakota Attorney General Marty Jackley has issued a consumer alert about emails that claim to be from the Internal Revenue Service but are actually scams meant to obtain personal identifying information. Consumers should be … Read More »

Federal Government, News, South Dakota, State AGs, States

SEC: Capital One, two former executives understated auto loan losses

May 6, 2013 1:36 PM
By Stephanie Ostrowski

WASHINGTON (Legal Newsline) – Capital One Financial Corporation and two former senior executives have been charged for understating millions of dollars in auto loan losses during the months leading into the financial crisis. An investigation by the Securities and Exchange … Read More »

District of Columbia, Federal Government, News

Ohio AG announces suit against Toledo loan modification business

May 6, 2013 1:15 PM
By Bryan Cohen

TOLEDO, Ohio (Legal Newsline) – Ohio Attorney General Mike DeWine announced a lawsuit on Friday against a Toledo-based loan modification business and its owner after they allegedly engaged in multiple violations of state consumer laws. N.M.M.S.R. Incorporated, doing business as … Read More »

Federal Government, News, Ohio, State AGs, States

Calif. AG ‘confident’ Watt will be an effective FHFA director

May 3, 2013 7:00 AM
By Jessica M. Karmasek

SACRAMENTO, Calif. (Legal Newsline) — U.S. Rep. Melvin Watt, who was nominated earlier this week as the new director of the Federal Housing Finance Agency, has the backing of California Attorney General Kamala Harris. Harris said she commended President Barack … Read More »

California, Federal Government, Financial Crisis, News, State AGs, Sub-Prime Mortgages

Obama nominates N.C. Congressman to head federal agency overseeing Fannie Mae, Freddie Mac

May 2, 2013 10:00 AM
By Jessica M. Karmasek

WASHINGTON (Legal Newsline) — President Barack Obama announced Wednesday that he plans to nominate a new director of the Federal Housing Finance Authority. The FHFA is the agency that manages Fannie Mae and Freddie Mac following the 2008 financial crisis. … Read More »

California, Delaware, Federal Government, Financial Crisis, Illinois, Maryland, Massachusetts, Nevada, New York, News, Oregon, State AGs, Sub-Prime Mortgages, Washington

Hedge firm pays $21.5M to settle SEC insider trading charges

May 2, 2013 8:09 AM
By Stephanie Ostrowski

WASHINGTON (Legal Newsline) – Hedge fund advisory firm Level Global Investors LP has agreed to pay more than $21.5 million to settle charges for alleged insider trading in the securities of Dell Inc. and Nvidia Corp. Former analyst Spyrdon “Sam” … Read More »

Federal Government, New York, News

Court authorizes service of ‘John Doe’ summons on U.S. taxpayers with Caribbean offshore accounts

May 2, 2013 8:00 AM
By Jessica M. Karmasek

WASHINGTON (Legal Newsline) — The U.S. Department of Justice said Tuesday a federal court has entered an order authorizing the Internal Revenue Service to serve a “John Doe” summons on U.S. taxpayers who may hold offshore accounts at Canadian Imperial … Read More »

Federal Government, News, U.S. District Court