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Law Legislation

  • 401k_tree.jpg

    A recent U.S. Supreme Court ruling offers investors no help in combatting excessive mutual fund fees. And shareholders advocates say the ruling may spark a new round of litigation.

  • TurboTax Basic

    A flaw in the most recent version of TurboTax, the nation’s most popular tax-preparation software, may have caused thousands of retired federal employees to overstate their medical deductions and unwittingly underpay the Internal Revenue Service, reports the New York Times.

  • madoff_money_spread.jpg

    The businessman behind Cabbage Patch dolls and his wife have snatched up Bernard Madoff's Upper East Side penthouse.

  • Ray LaHood, the transportation secretary.

    The message from the Secretary of Transportation is clear: If he could, he would fine Toyota more than the proposed $16.4 million the Feds are seeking for the automaker failing to alert the government quickly enough about defective gas pedals.

  • 2010 Toyota Prius

    As I was reporting the announcement of the Department of Transportation's fine against Toyota of $16.4 million, I kept thinking of the star athlete who makes gobs of money and is fined by the commissioner of the league for breaking a rule.

  • citigroup_building1.jpg

    A panel investigating the roots of the financial crisis will press current and former executives of Citigroup at hearings this week about the bank's role in spreading trillions of dollars in risky mortgage debt through the banking system.

  • london_city_dragon_200.jpg

    It is in the interests of all parties to support a strong financial services sector, one that can provide the lending required by businesses and individuals to drive the economic recovery forward.

  • delay.jpg

    To improve their profits, companies delay payment of justified claims, deny payment altogether, and defend their actions by forcing claimants to sue to get what they are entitled to, writes the author.

  • US Capitol Building with cash

    End the public lifeline for large financial institutions, Republicans are demanding as they push back against Democratic efforts to set new rules for the financial industry.

  • russia_1_200.jpg

    Russian consumers are able to spend, the Russian government has significant room to maneuver, and there is no need to endure a long and painful process of systemic deleveraging - all of which make Russia a smart play for growth-oriented investors.

  • texas_welcome_sign_200.jpg

    It’s one of the great mysteries of the mortgage crisis: Why did Texas—Texas, of all places!—escape the real estate bust?

  • chart_scary.jpg

    Credit default swaps (CDS) will be looked at closely to ensure transparency but they aren't necessarily going to be banned, EU Financial markets commissioner Michel Barnier told CNBC.

  • Allen Stanford

    The federal judge in accused Ponzi schemer Allen Stanford's criminal case says he wants some answers before agreeing to Stanford's request for yet another new legal team.

  • With all these governors raising sales taxes on pole-dancing and everything else in sight, here's a guy with the political will and leadership to cut spending on education, health and union pensions without raising taxes in order to close a $4 billion deficit.

  • Allen Stanford

    Victims of the alleged $7 billion Allen Stanford Ponzi scheme may get a greater voice in how what's left of their investments will be divvied up.

  • American healthcare reform

    An association representing 300 large corporations is pressing for the repeal a provision of the health care overhaul that prompted AT&T, Caterpillar  and other companies to announce substantial charges, the NYT reports.

  • US Capitol Building with cash

    We are facing an across-the-board tax-hike assault from federal, state, and local sources. This, despite a precarious outlook of a return to long-term economic prosperity after an especially deep and painful recession.

  • President Obama signs the health care reform bill into law at the White House

    More than a week after President Obama signed the sweeping new health care law, which will eventually provide insurance coverage for 32 million uninsured Americans, many of us are still scratching our heads. What just happened? And how and when will we start feeling its effect? the NYT explains.

  • A Royal Bank of Scotland logo is seen outside the company's offices in central London, Tuesday May 29, 2007. A consortium led by Royal Bank of Scotland PLC said Tuesday it will launch a hostile bid of euro71.1 billion (US$95.5 billion) for ABN Amro, topping a friendly offer from Barclays PLC and pressing Bank of America Corp. for control of the Dutch bank's U.S. arm. (AP Photo/Matt Dunham)

    Royal Bank of Scotland has been fined £28.59 million ($38.5 million) by the Office of Fair Trading after admitting breaches of competition law, adding weight to concerns that the UK banking sector operates in a club-like atmosphere rather than a highly competitive industry.

  • Timothy Geithner

    The financial reform bill is moving closer to guaranteeing two critical functions: that taxpayers will never again have to spend billions to rescue failing banks, and that institutions will never be considered 'too big to fail,' Treasury Secretary Timothy Geithner told CNBC.