Top News

U.S. House panel approves asbestos ‘double-dipping,’ litigation reform bills

Jessica Karmasek Feb. 24, 2017, 7:40am

On Wednesday, the House Judiciary Committee passed the Furthering Asbestos Claim Transparency, or FACT, Act of 2017 by a vote of 19-11. The committee also passed the Fairness in Class Action Litigation Act of 2017 by a vote of 19-12.

With Obama's veto threat gone, asbestos 'double-dipping' bill reintroduced

Jessica Karmasek Feb. 13, 2017, 1:54pm

U.S. Rep. Blake Farenthold, a Republican who serves on the House Judiciary Committee and the House Committee on Oversight and Government Reform, submitted the GOP-backed Furthering Asbestos Claim Transparency Act of 2017, or H.R. 906, last week.

House Republicans target 'slush funds' created by DOJ for 'liberal friends'

Jessica Karmasek Jan. 27, 2017, 9:56am

The House Judiciary Chairman submitted the Stop Settlements Slush Funds Act of 2017, or H.R. 522, last week. An identical bill passed the House in the last Congress by a vote of 241-174, but failed to move.

GOP lawmaker introduces federal legislation aimed at delaying DOL’s fiduciary rule

Jessica Karmasek Jan. 9, 2017, 11:33am

The legislation, introduced by U.S. Rep. Joe Wilson of South Carolina Friday, would provide for a two-year delay of the U.S. Department of Labor’s fiduciary rule’s effective date. The rule mandates financial professionals who service individual retirement accounts, including IRAs and 401(k) plans, to serve the “best interest” of the savers and disclose conflicts of interest.

Members of Congress want safe harbor provision in CFPB’s final arbitration rule

Jessica Karmasek Sep. 20, 2016, 12:56pm

The federal lawmakers, in a letter sent to the head of the Consumer Financial Protection Bureau earlier this month, urged the bureau to consider including a provision in the final rule that allows financial companies to retain class action waivers in their arbitration clauses. Under the CFPB’s current proposal, companies would be prohibited from putting mandatory arbitration clauses in new contracts.

CFPB receives thousands of comments on proposed arbitration rules

Jessica Karmasek Aug. 23, 2016, 11:14am

The Consumer Financial Protection Bureau, an independent agency of the federal government responsible for consumer protection in the financial sector, published its proposal in the Federal Register on May 24, with a 90-day comment period. All comments were due no later than Monday.

U.S. House falls short of votes needed to override Obama’s veto of fiduciary rule resolution

Jessica Karmasek Jun. 23, 2016, 12:30pm

The vote was taken about 10:30 p.m. Wednesday, breaking up a sit-in protest by Democrats pushing for better gun-control measures.

U.S. House committee to hold hearing on CFPB’s proposed arbitration rules ‘soon’

Jessica Karmasek May 11, 2016, 3:57pm

The House Financial Services Committee has launched an investigation into the Consumer Financial Protection Bureau’s proposed regulation of pre-dispute arbitration agreements, requesting various information from the bureau.

U.S. House passes resolution nullifying EPA ‘Waters of the U.S.’ rule

Jessica Karmasek Jan. 14, 2016, 10:25am

House Speaker Paul Ryan contends the new rule -- which extends the agency’s authority to all bodies of water, no matter the size -- hurts farmers and could result in higher fees for small businesses. The White House has said it will veto the resolution, which already has passed the Senate.