Consumer Protection News. Crime Stories, Law on News and Legal Publications in February, 2017

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DOL Fiduciary Rule Requires Caution By Attorneys
Above the LawFebruary 1, 2017

Even as the market sits near all-time highs, the threat of the DOL's new Fiduciary Rule threatens to upend the industry, and in the extreme, perhaps destroy many advisors' businesses. The Fiduciary Rule is the burning platform issue of many investment ...more »

THE BIGGER PICTURE: Foreclosure fight
Finger Lakes TimesFebruary 1, 2017

Like many, she received notices about her loan being resold to another mortgage company; federal banking laws allow financial institutions to sell mortgages or transfer the servicing rights to other institutions. Consumer consent is not required. It's ...more »

Consumer Protection News and Stories

Confidentiality
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New Whistleblowing Regime under the Law Sapin II
Lexology (registration)February 2, 2017

The Law sets up limits in respect of the content of the warning. Indeed, any facts, information or documents protected by the national defense secret, medical secret or lawyer-client confidentiality are excluded from the whistleblowing protection regime.more »

Food Poisoning
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30 fall ill at science fair after suspected food poisoning
Charlotte ObserverFebruary 5, 2017

Authorities say more than two dozen kids attending a science competition in north Florida fell ill and were taken to the hospital after eating a catered lunch. The Columbia County Sheriff's Office said on its Facebook page that 28 children and 2 adults ...more »

Consumer Disputes
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Shops Cannot Say 'VAT Extra' On Items Sold On Discount, Rules Consumer Body
Outlook IndiaFebruary 3, 2017

The National Consumer Disputes Redressal Commission has held that shops selling goods at 40% discount cannot charge VAT or any other duty on the discounted price as the rebate was on MRP, which includes all taxes and cess as per Section 2(d) of ...more »

Hatch-Waxman Act
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Aurinia Announces Results from Japanese Phase I Ethnic Bridging Study for Voclosporin
Yahoo FinanceFebruary 14, 2017

Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH / TSX: AUP) (“Aurinia” or the “Company”), a clinical stage biopharmaceutical company focused on the global immunology market, today announced the results of a supportive Phase I safety, pharmacokinetic (PK) ...more »

Citizens Getting Justice Done
Common DreamsFebruary 7, 2017

Spot a consumer rip-off pattern and see Smitty swing into action. Over his career he has backed much-needed insurance reforms, improved the state lemon law (for defective motor vehicles) and pushed through major ethics reforms that also created the ...more »

Consumer Protection
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Oklahoma Business Briefs, Feb. 7
NewsOK.comFebruary 7, 2017

... community banks and customers. Formally known as the Wall Street Reform and Consumer Protection Act, the legislation has created regulatory challenges for banks and their consumers, the banking association said. "Oklahoma bankers salute and deeply ...more »

Product Reclamation
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Will Undoing The Stream Protection Rule Really Help Coal?
ForbesFebruary 3, 2017

But times and technologies have evolved over the decades and since coal fueled the country's industrial revolution. And undoing this law won't change the industry's fate. That's because the biggest coal fired utilities — American Electric Power ...more »

Credit Cards Fraud
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Credit Card Fraud on the Rise, and More
Wall Street JournalFebruary 1, 2017

Credit card and identity fraud are at their highest levels in more than a decade, despite new security protections implemented by credit card companies. Plus, Super Bowl ads carefully navigate the political divide in America. Photo: iStock ...more »

Stolen Identity
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Sarasota woman pleads guilty to stolen identity refund fraud
Sarasota Herald-TribuneFebruary 11, 2017

TAMPA — A Sarasota woman has pleaded guilty to stolen identity refund fraud, the United States Attorney's Office reports. US Attorney A. Lee Bentley III reports that Mazie Hill, 50, of Sarasota pleaded guilty Thursday to one count of conspiracy to ...more »

Credit Repair
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8 Valentine's Gifts for That Special Someone in Your Life
Credit.com News (blog)February 7, 2017

And if you want to find out how your holiday spending is affecting your finances, you can take a look at your free credit report snapshot, with updates every 14 days, on Credit.com. Checking your credit won't harm it one bit, and you'll get tips on ...more »

Unsafe Products
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California PCB cases could expose businesses everywhere
Northern California RecordFebruary 2, 2017

Products liability law with its strict evidentiary requirements, including causation, could be “laid waste” by these actions, Gifford said. On the side of the plaintiffs is a 2013 case brought by ten California counties where the judge ruled that the ...more »

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