Federal Regulators
Federal regulators cite Idaho assisted living center for safety violations
BOISE — A north Idaho assisted living center that has been cited by federal regulators could be facing up to $19,000 in fines. The US Department of Labors Occupational Safety and Health Administration announced the citations Tuesday against Four Seasons Assisted Living, located in Coeur dAlene. OSHA officials say the facility, which is operated by [...]
Federal regulators make it easier for stay-at-home spouses to get credit cards
Stay-at-home spouses will find it easier to get credit cards, thanks to the Consumer Financial Protection Bureau, which today amended a portion of federal law that made it harder for them to get credit. The move stemmed from an unintended consequence of the Credit Card Accountability Responsibility and Disclosure Act, which, when it became law [...]
Federal regulators, Texas officials act to curb payday loans
Federal regulators and state officials are cracking down on payday loans and other similar bank products that critics say bury many consumers under a mountain of debt. The federal Consumer Financial Protection Bureau said Wednesday that it will consider limitations on payday and deposit advance loans to curb sustained use
Federal regulators: MOX plant making good progress
Federal regulators say a project to turn weapons-grade plutonium into commercial nuclear reactor fuel is making good progress despite being billions of dollars over its original projected price tag. nbsp/nbspFILE
Ruling Finds Communication With Federal Regulators Not Privileged Information
A recent district court ruling could push banks and other companies to be more careful with what they share with regulators, including compliance efforts on certain regulations. Earlier this month, US District Court Judge Shira Scheindlin for the Southern District of New York ruled that conversations and documents that banks, and potentially other companies, share [...]
Regulators Get Wrigley to Pull Caffeine Gum, but They’re Not Scaring Monster
Just several days after being called out by the Food amp; Drug Administration over concerns about caffeine in its Alert Energy Caffeine Gum,Wrigley folded the product and announced that it was going to take the gum off the market at least temporarily. However a caffeine purveyor thats already well established, Monster Beverage, is continuingits aggressive [...]
Maryland prompts federal action on pharmacy oversight after meningitis outbreak
The legislation is intended as a stopgap while the FDA seeks broader authority to inspect compounding centers that are neither state-regulated pharmacies nor federally regulated manufacturers. Much of the measure could become moot if Congress grants the FDA that authority and state officials hope that it does, said Sharfstein, also a former FDA deputy commissioner. [...]
GAO Rips Regulators Over Botched Foreclosure Review
Share us on: Twitter Facebook LinkedIn By Ciaran McEvoy Law360, Los Angeles (April 04, 2013, 7:16 PM ET) — The US Government Accountability Office blamed federal regulators and private consultants for their lousy performance reviewing more than 4 million residential foreclosures in a bungled process that delayed relief to homeowners and ultimately was scrapped, according [...]
Opinion: Don’t weaken federal regulators of Wall Street
Rep. Bill Pascrell Jr., D-Paterson, represents New Jerseys 9th congressional district. AS OUR ECONOMY recovers from the worst financial crisis since the Great Depression, the story of what led to this economic meltdown is well known. Homebuyers were persuaded to sign up for risky loans. Greedy brokers pushed clients into high-priced mortgages to reap higher [...]
Federal regulators investigating Microsoft over foreign bribery claims [updated]
Microsoft CEO Steve Ballmer Microsoft (MSFT) may soon find itself in some significant legal trouble now that federal officials are investigating whether the company allegedly worked with firms that bribed foreign government officials into accepting Microsoft software contracts. Unnamed sources have told The Wall Street Journal that “lawyers from the Justice Department and the Securities [...]