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The Credit Card Accountability, Responsibility, and Disclosure Act (“CARD Act”) went into effect on February 22, 2010. The CARD Act was intended to rein in perceived abuses by credit card issuers. The law requires card issuers to: (1) provide at least 45 days’ notice to most customers before making significant […]

A class action lawsuit was recently filed against Cincinnati-based Fifth Third Bank, alleging predatory overdraft fee practices. The complaint alleges that Fifth Third Bank manipulated customer debit transactions by posting them to customer accounts in the order of largest amount to smallest, instead of when they are received. This was […]

The filing of federal security fraud class action lawsuits was down sharply in 2009 compared to both 2008 and historical averages. According to Securities Class Action Filings – 2009: A Year in Review, an annual report prepared by the Stanford Law School Securities Class Action Clearinghouse, a total of 169 […]

Americans pay $23.7 billion per year in overdraft fees, most of which are related to small debit card overdrafts that financial institutions could easily deny without imposing any fees. As the Center for Responsible Lending has noted: “These fees hit vulnerable consumers hardest, thrusting them into a cycle of debt […]

The Federal Trade Commission (FTC) recently proposed a rule intended to protect distressed homeowners from foreclosure rescue and mortgage modification scams. The proposed rule is aimed at reining in companies who promise, in exchange for an up-front fee, to obtain mortgage loan modifications or other relief for consumers facing foreclosure. […]

The United States Food and Drug Administration (FDA) is developing new guidelines requiring higher and more scientific standards than under the Bush administration. Under the Bush administration, many of the Bush FDA appointees were former pharmaceutical industry or medical device company employees which approved deadly drugs like Vioxx, Avandia and […]

It was recently reported that renowned actor James Woods resolved a long and bitter medical malpractice lawsuit against a hospital arising out the death of his brother receiving treatment there. An apology by the hospital was a pivotal event in the settlement process during a trial that ironically was in […]

A new study published in the Archives of Surgery has concluded that patients are more likely to die from serious traumatic injuries when treated in the emergency room if they do not have health insurance. Patients with health insurance receive better care, according to the study. The study found that […]

The loss of a loved one can be the most trying time in our lives. It is even more so when the death involves a doctor, nurse, hospital or other health professional entrusted with the care of your relative or friend. If you believe that your relative or someone close […]

There are a lot of lies being told about medical malpractice. A new paper called Five Myths About Medical Negligence tackles the issue head-on. Myth #1: There are too many ‘frivolous’ malpractice lawsuits. Fact: There’s an epidemic of medical negligence, not lawsuits. Only one in eight people injured by medical […]