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.
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.
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.
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.
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.
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
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.
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.
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.
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