A federal appeals court recently decided that the FTC lacks consumer protection authority to regulate common carriers in any respect. This decision hamstrings the agency from regulating ATT, Google, Verizon and potentially applies to a wider range of companies, unless the decision is reversed on appeal or Congress chooses to act.
Read more...Jerri-Lynn here. This short post highlights an important problem that we’ve seen arise over and over again with the administration which pledged to be the most transparent ever: the disconnect between public rhetoric and behind-the-scenes practice. The U.S. Department of the Interior’s Bureau of Land Management (BLM) presides over the allocation of oil and gas […]
Read more...How a toothless US watchdog, FinCEN, has largely ignored money laundering via Bitcoin and other digital currencies.
Read more...The SEC has taken a premature victory lap on the pathetic performance of its whistleblower program, with messaging trumping performance.
Read more...Business groups seek to thwart proposed CFPB regulations to limit forced arbitration clauses and allow consumers to bring class actions.
Read more...The US relies on industry self-regulation of personal care products, thus exposing consumers to harms, in contrast to Canada, Europe, and Japan.
Read more...Yves here. While this post makes an important point about the degree to which veterans are targets for opioid marketing, as well as the creation of a large and multiheaded “pain lobby” to promote the idea that pain was undertreated (which may have been true, but not to the degree suggested). However, the article also […]
Read more...Apollo gets nicked by the SEC, but par for the course, not all that badly.
Read more...CalPERS’ general counsel lied obviously and casually to the board, a sign of a deeply diseased institutional culture.
Read more...Big companies work hard at silencing whistleblowers. Here are some ways to keep them from shutting whistleblowers down.
Read more...Remarkably, an increasing number of economists believe the Eurozone has addressed its weaknesses. Shades of the Great Moderation, circa 2006.
Read more...Deutsche Bank whistleblower Eric Ben-Artzi makes a huge financial sacrifice to call out corruption in SEC enforcement.
Read more...The Brexit fantasies get even bigger as the City pumps for a na ga happen “Swiss plus” plan.
Read more...You could spread around a lot of blame for the current state of our two-tiered system of justice and lack of accountability, particularly as it relates to the financial sector. But if you wanted to find the most pathetic figure involved in that whole rigamarole, all roads lead to Iowa Attorney General Tom Miller.
Read more...PricewaterhouseCoopers faces three potentially serious trials over allegedly negligent audits of failed financial firms. The most significant launched earlier this month in a Florida state court. Other big four firms successfully settled claims.
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