Legal News

Does the Fed Have the Power to Buy AIG?
One or more of the twelve federal reserve banks, which are privately-owned companies chartered by the federal government with limited powers, and that are part of the Federal Reserve System, have loaned another privately held company, AIG, 85 million dollars...

Fed Relaxes Traditional Control Rules for Private Equity and Other Minority Investments in Banks and Bank Holding Companies
This post is by my partners Randall Guynn and Arthur Long. Yesterday, the Board of Governors of the Federal Reserve System (the ?Federal Reserve?) issued a policy statement (the ?Equity Policy Statement?) that relaxed and clarified its long-standing control rules relating to minority investments in banks and bank holding companies (?Banking Organizations?)...

New GAO Report: Federal Reserve Banks: Areas for Improvement in Information Security Controls
Federal Reserve Banks: Areas for Improvement in Information Security Controls, GAO-08-836R, June 16, 2008 "Our fiscal year 2007 audit procedures...

Paulson and Cox on Regulation of Investment Banks
Treasury Secretary Henry Paulson is expected to call for greater oversight by the Federal Reserve over investment banks in a speech today, including explicit authority to intervene whenever an investment firm poses risks to the system...

Proposed Federal Reserve Regulations Would Restrict Arbitrary Practices of Credit Card Issuers
The Federal Reserve Bank has issued proposed rules that will place extensive limits on common practices of credit card issuers...

Big US banks Use Fed Credit Facility to Tune of 50 Billion
The Federal Reserve, as part of its unprecedented measures to shore up the US banking system established a Term Auction Facility which allows banks to borrow money at good rates using less strong collateral, thus putting the Fed at risk of this weak collateral...

Federal Adoption Tax Credit
Financial Incentive for Adoptive Parents

Child Support Survival Guide
The Child Support Enforcement System

I have worked for this employer for only three weeks. The employer makes up his own rules as to what he chooses to report for the purpose of property taxes. He tells me to "let them come after us". He defines Entertain
He arrogantly insists, "let them come after us." Well, if you are invo...

How can I prove my wife only married me to get a green card?
The problem with an annulment is that they are hard to get-- they are not someth...

I was fired on June 3, 2002 in Massachusetts because I reported discriminatory behavior by the employer towards a particular nationality. In July I filed a discrimination/retaliation complaint against the employer with t
It seem sin your case that the fact you filed the complaint prior to being dissa...

I feel everyone should be treated equal in this world, but in a lot of cases that doesn't happen. I live in a white community with only 2 to 3 African American families. I belong to one of them. A week after getting into
I would call the courthouse and ask for the judges assistant, and ask them why t...

Is there a state of limitation (SOL) for collection from a government agency (WI)?
the loan will have to be paid, especially if it is a federal loan. they will gar...

$336 Million Settlement Approved in Big Banks, Visa, MasterCard Class Action
$336 Million Settlement Approved in Big Banks, Visa, MasterCard Class Action

Payment Card Transactions
TravelCenters to pay $5 million settlement in antitrust lawsuit.

The Reserve Fund's Primary Fund
RFIXX

The Reserve Fund's Primary Fund
401(k) / ERISA Stock Fraud

US Army Helicopter Crashes On Campus
1 Crew Member dies

Marketing Spam
Member Source Media pays $200,000 civil penalty for deceptive online advertising.