The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far. In the 14 months it has …
U.S. auto safety regulators on Thursday announced a proposal that would require brake override systems on all new passenger cars and trucks, likely by the 2015 model year. The U.S. Department of Transportation safety regulation arm in a 98-page proposal …
U.S. regulators are pressuring Internet companies to put in place by the end of the year a “Do Not Track” system that would give consumers more control over their personal data online, in a report released on Monday that privacy …
The Treasury Department’s Federal Insurance Office was expected to complete and send its highly anticipated report on modernization of insurance regulation to Congress in January. But now, it looks like it may take a bit longer. A spokesperson for the …
The new Consumer Financial Protection Bureau said on Monday it would coordinate rulemaking and enforcement with the Federal Trade Commission to avoid duplication. Richard Cordray, the recently appointed director of the CFPB, and FTC Chairman Jon Leibowitz signed a memorandum …
A major group for risk management professionals sent a letter to the U.S. Treasury Department, asking for a bigger federal role in regulating insurance. The Risk and Insurance Management Society sent its letter to Michael McRaith, director of U.S. Treasury’s …
The U.S. Department of the Treasury appointed 15 individuals to serve as members of the Federal Advisory Committee on Insurance. The committee will provide advice to Treasury’s Federal Insurance Office (FIO), which was established as part of the Dodd-Frank Wall …
A Republican task force in the House said Congress should give companies incentives to boost their cyber defenses, but that tougher regulation may be warranted to protect critical facilities like power and water plants. Recommendations in the report, which was …
U.S. futures and securities regulators unveiled a crucial part of their expanded supervision of the swaps market on Wednesday, by defining what products will be covered by last year’s financial oversight legislation. The proposals provided the market some long-awaited clarity. …
It’s something Nikki Johns wishes had been around before her infant son died in a drop-side crib: a centralized federal database of people’s safety complaints about thousands of products, from baby gear to household appliances and more. “If I had …
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