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Blog Posts in Consumer Fraud

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  • FDA, Consumer Reports release data on arsenic levels in rice.
    FDA, Consumer Reports release data on arsenic levels in rice.

    Media coverage of data from two studies, showing arsenic levels in rice products sold in the US, focused primarily on Consumer Reports ' call for consumers to reject the products versus the Food and ...

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  • Bank of America to Pay $2.43B to Settle Shareholder Suit
    Bank of America to Pay $2.43B to Settle Shareholder Suit

    Bank of America says it has agreed to pay $2.43 billion to settle a class-action lawsuit related to its acquisition of Merrill Lynch at the height of the financial crisis. In the lawsuit, shareholders ...

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  • FDA Warns L'Oreal Over Anti-Aging Products
    FDA Warns L'Oreal Over Anti-Aging Products

    The Wall Street Journal (9/12, B3, Dooren, Glazer, Subscription Publication) reports that in a letter dated Sept. 7, the FDA warned L'Oréal's Lancôme USA subsidiary that its online ads falsely ...

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  • Organic milk lawsuit settled
    Organic milk lawsuit settled

    Aurora Organic Dairy has agreed to settle a class-action lawsuit for $7.5 million of allegedly "deceptive" marketing claims. The suit claimed labels on the products depicting a "bucolic existence for ...

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  • Consumer advocates urge CFPB to ban prepaid credit offerings.
    Consumer advocates urge CFPB to ban prepaid credit offerings.

    The Wall Street Journal (9/6, Kapner, Subscription Publication, 2.08M) reports that as Americans continue a rapid adoption of prepaid debit cards that increasingly act as a credit alternative, ...

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  • Citigroup, Goldman, UBS sued over mortgage-backed securities.
    Citigroup, Goldman, UBS sued over mortgage-backed securities.

    SNL Financial (9/6, Vyas) reports that lawsuits were separately filed in New York State Supreme Court against Citigroup, Goldman Sachs, and UBS AG "in connection with losses on $368.7 million in ...

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