US: Law and Regulation
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The average rate on the 30-year fixed mortgage held steady this week, staying slightly above the lowest level on record.
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Attorneys for jailed former Swiss banker Bradley Birkenfeld announced Tuesday that the IRS will pay him $104 million as a whistleblower reward for information he turned over to the US government.
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Calling hold 'em a "game of skill," a federal judge in Brookly tossed out a jury's July conviction of a man charged with conspiring to operate an illegal poker club.
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Tyco and its former chief executive have settled a New York lawsuit seeking to force him to surrender compensation he received before he was jailed.
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The Consumer Financial Protection Bureau is proposing new rules to crack down on mortgage servicers' use of force-placed insurance, which is supposed to protect the lender but can mean unnecessary high costs — and even foreclosure — for some consumers.
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Commodities Futures and Exchange Commission (CFTC) commissioner Bart Chilton is calling for an insurance fund to protect futures customers.
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The IRS is paying out billions of dollars in fraudulent tax refunds to identity thieves; a problem that the tax service’s inspector general told CNBC is a “growing problem” involving numbers that are increasing “exponentially.”
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The first rule of insider trading: Don’t talk about insider trading—or do a lot of Internet searches about it.
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A federal judge in Washington on Tuesday denied a bid to force the Securities Investor Protection Corporation (SIPC) to compensate victims of Allen Stanford's $7 billion Ponzi scheme.
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Peter Madoff, the younger brother of Ponzi swindler Bernie Madoff, was arrested this morning and will appear in court later in the day as part of a process that will see him serve 10 years in prison for his role in the swindle.
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Federal regulators are suing hedge fund manager Philip Falcone and his firm, accusing him of civil fraud for using fund money to pay his taxes and favoring some fund customers at the expense of others.
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The markets regulator noted that it had filed charges in a rather unusual case: A former broker in Orlando, F.L., had allegedly defrauded investors in a Ponzi scheme based on, of all things, astrology.
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Roger Clemens has been acquitted on all charges by a jury that decided he didn't lie to Congress when he denied using performance-enhancing drugs.
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On the eve of his client's sentencing for one of the largest investment scams in history, an attorney for financier Allen Stanford says the fraud was not a Ponzi scheme as prosecutors claim, and that in arguing for a 230-year prison sentence the government is trying to divert attention from the fact that it missed the 2008 financial crisis.
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Calling him “a ruthless predator responsible for one of the most egregious frauds in history,” federal prosecutors say Allen Stanford should receive the maximum sentence of 230 years in prison.
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U.S. authorities are ratcheting up their investigation of residential mortgage-backed securities — the bundles of mortgages that were at the heart of the 2008 financial crisis. And they are appealing to the public for help.
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In a wake of a warning letter sent to them by the FDA, some companies whose pre-workout or weight loss products include the ingredient DMAA, are starting to move on with life without it.
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A former managing director for Morgan Stanley has pleaded guilty to a single count of conspiracy in yet another case highlighting the Foreign Corrupt Practices Act—the federal law that makes it a crime to bribe foreign officials.
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U.S. securities regulators on Wednesday finalized long-awaited rules that will dictate which companies dealing in derivatives will be subject to costly capital, margin and business conduct requirements.
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The IRS has registered active identity theft cases in 22 states since January and says its fraud filters caught 262,000 fake returns in 2011 compared with 49,000 in 2010. Authorities say that's just the tip of the iceberg.