April 9, 2014
by Daniel Mullen
The Consumer Financial Protection Bureau (CFPB) on Wednesday ordered Bank of America to pay $727 million for its illegal credit card practices. The CFPB asserts that Bank of America used deceptive marketing and unfair billing practices in violation of the Dodd-Frank Wall Street Reform and Consumer ...[read more]
February 11, 2014
by Cynthia Miley
The non-profit financial reform advocacy group Better Markets filed a lawsuit on Monday against the US Department of Justice (DOJ) to block JPMorgan Chase & Co.'s (JPM) $13 billion settlement that resolved federal and state claims arising from the bank's risky mortgage practices which helped ...[read more]
January 11, 2013
by Michael Muha
JURIST Guest Columnist Louise Bennetts of the Cato Institute gives a critique of Dodd-Frank and argues that recent regulatory trends are incompatible with a rule-based system...It seems that "rules-based" is the new DC buzz phrase. There is little disagreement that a "rules-based" approach to ...[read more]
October 19, 2012
by Dan Taglioli
The Council of Europe found Friday that two labor reforms adopted by Greece as part of wider efforts to curb the nation's financial crises were illegal. The Council's non-binding ruling concerned two measures passed by the Greek government in 2010 at the urging of the country's international ...[read more]
October 10, 2012
by Kimberly Bennett
On November 10, 2006, a Rawandan community court convicted Theophister Mukakibib, a Catholic nun, of genocide charges for assisting in the Hutumassacre of Tutsis during the 1994 Rwandan genocide. Mukakibib was accused of helping ethnic Hutu militiamen kill Tutsis hiding in a hospital where she ...[read more]
May 20, 2012
by Meagan McElroy
On May 20, 2009, the US House of Representatives voted 361-64 in favor the Credit Card Holders' Bill of Rights, which makes illegal, among other prohibitions, arbitrarily raising interest rates, employing misleading terms and charging exorbitant fees to on-time payments. The version passed by the ...[read more]
March 10, 2012
by Sean Gallagher
JURIST Guest Columnist Joseph Marren, President and Chief Executive Officer of KStone Partners LLC, says that the recent health care reform act may be unconstitutional due to inaccurate financial reporting to the states and the public at large...This spring the Supreme Court will hear arguments ...[read more]
December 11, 2011
by Clay Flaherty
On December 11, 2009, the US House of Representatives voted 223-202 to approve a bill creating a consumer financial protection agency and strengthening oversight of the financial industry. The Wall Street Reform and Consumer Protection Act of 2009 ultimately consolidated into the Dodd-Frank Wall ...[read more]
December 3, 2011
by Cody Harding
On December 3, 2008 the US Securities and Exchange Commission (SEC) approved rule amendments to provide greater oversight and regulation of credit rating agencies. The amendments were passed to strengthen the Credit Rating Agency Reform Act of 2006. The regulations were passed because of the ...[read more]
November 11, 2011
by Cody Harding
On November 11, 2010, the Supreme Court of the Republic of China reduced the sentences of former president Chen Shui-bian and his wife. The two had each been sentenced to 12-year prison terms on charges for bribery, which was reduced to 11 years each. The two were indicted on suspicion of taking ...[read more]

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