Consumer Law

GM and Chrysler Get TARP Funds
The White House announced this morning that loans would be made to General Motors and Chrysler under the terms of the bailout act???s troubled asset relief program (the TARP). General Motors will receive $13...

TARP Exodus Begins; Four Firms Repay Funds
Four regional banks have become the first institutions to repay TARP funds, the New York Times reported Tuesday. The repurchase of stocks bought months ago by the Treasury Department marks the beginning of what industry sources have for weeks indicated will be a flight from bailout funds as federal regulation tightens in recipient firms...

GM-Chrysler Bankruptcy Will Have Chilling Effect on Product Recalls
The General Motors-Chrysler bankruptcy has caused much anxiety among consumers because it seeks to throw out auto product liability and personal injury lawsuits against them. Now, a new report predicts that a loophole created by the bankruptcies of General Motors and Chrysler will make it possible for the companies to avoid issuing product recalls of defective cars that were manufactured prior to the bankruptcy filings.

Congressional Report Questions Legality of GM and Chrysler Bailouts
CNSNews: "A report issued by the Congressional Oversight Panel (COP) tasked with overseeing the implementation of the 2008 Troubled Asset Relief Program (TARP) questions whether the Bush and Obama administrations had the legal authority to use TARP funds to bail out General Motors and Chrysler...

Banks struggle to get away from "TARP-baby"
Banks who want to pay back their TARP loans won?t be allowed to do so unless it?s in the "national interest," reports the Financial Times. Solvent banks want to repay the TARP funds pressed on them during the Bush Administration...

Citi to Repay TARP as Treasury Sheds JPM Investment
The US Treasury Department is looking to shed its remaining investment in JP Morgan Chase (JPM: 41.17 +0.51%) as another financial firm announced plans to exit a key liquidity program...

Emergency Economic Stabilization Act of 2008
Bailout Bill HR124

General Motors Corp.
alleging Saturn Vue and Ion have defective transmissions.

Citibank
Will Repay $14 Million to Credit Card Customers

HIV Funds
Dallas Independent School District pays $336,000 settlement for misappropriated program funds.

Kia Motors America, Inc.
Kia Class Action Ends in $6 Million Verdict for Plaintiffs in NJ

Chrysler
Defective Jeep Windows

Chrysler, Behr
Face Environmental Class Action over Dayton Plant