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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 […]

Bank of America Corp., one of the nation’s largest banks and credit card issuers, recently ended a requirement that disputes with the bank’s customers be settled through binding mandatory arbitration (“forced arbitration”). The announcement by the bank followed statements by two large arbitration services that they would no longer handle […]

A very important piece of consumer protection legislation was recently passed by the North Carolina Legislature and signed into law by Governor Bev Perdue. The Consumer Economic Protection Act of 2009 provides important protections for homeowners dealing with delinquent mortgage payments and foreclosure threats. The protections provide for a lower […]

The National Arbitration Forum (“NAF”), the largest arbitration company in the nation, recently announced that it would discontinue conducting consumer arbitrations. The move comes as a result of a lawsuit filed against NAF by the Minnesota Attorney General. That suit and others followed accusations that NAF, though holding itself out […]