United States

Dena Aubin

Student loan servicers say D.C. licensing law invalid

Oct 19 2018

A local law in Washington D.C. imposing new rules on student loan servicers is invalid because it interferes with the way federal government contractors do their jobs, a national trade group for the servicers told a federal court on Thursday.

Judge stays King County's climate change lawsuit against big oil

Oct 18 2018

A federal judge in Seattle on Wednesday temporarily halted a climate change lawsuit filed by King County, Washington against five major oil companies while an appeal on two nearly identical lawsuits by San Francisco and Oakland runs its course.

New York Fed fights lawsuit by deposit-only Connecticut bank

Oct 17 2018

The business model of Connecticut bank TNB USA raises significant policy concerns and the Federal Reserve is not obligated to open an account for the bank, the Federal Reserve Bank of New York told a Manhattan federal court on Tuesday.

L.A. firefighters sue SoCalGas over massive 2015-2016 gas leak

Oct 16 2018

Dozens of Los Angeles firefighters who responded to a massive gas leak in 2015 and 2016 at a Southern California Gas Company storage facility have filed suit against the company, saying it exposed them to toxic gases while assuring them that they were not in danger.

Disability lawsuit against Morgan Stanley sent to arbitration

Oct 16 2018

A former Morgan Stanley financial advisor accusing the company of firing him last year because he is a recovering addict will have to submit his dispute to arbitration, a federal judge in New Jersey ruled on Monday.

Payday lenders seek judgment in Operation Choke Point lawsuit

Oct 15 2018

Three payday lenders suing federal banking regulators for allegedly trying to put them out of business by cutting off their access to banking services have asked for a judgment in their favor, saying evidence shows that they were denied due process rights.

Insurer not required to defend Ocwen robocall lawsuit - ruling

Oct 12 2018

Ocwen Loan Servicing cannot recover the costs of defending a class action over allegedly harassing phone calls under its liability insurance because the policy excludes conduct that violates federal law, a federal judge in Chicago ruled.

Fidelity sued over management of employees' 401(k) plan

Oct 11 2018

Employees of Boston-based Fidelity have sued the financial services giant alleging that it loaded their $15 billion retirement plan with the company's own mutual funds, saddling it with excessive fees and poor returns.

Consumer's lawsuit says Ohio debt collector's letters misleading

Oct 10 2018

Ohio debt collector United Collection Bureau has been hit with a proposed class action accusing it of falsely suggesting that borrowers could hurt their chances of getting credit from Chase Bank by settling old debt they owed the bank for less than the full amount.

Germany's Roor sues Texas smoke shops over counterfeit bongs

Oct 09 2018

German water pipe maker Roor International and its U.S. license holder Sream have sued at least a dozen Texas smoke shops for trademark infringement, saying they are selling counterfeit Roor water pipes, tarnishing the company's high-end brand.

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