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Law Legislation

  • Schapiro_Mary.jpg

    The head of the Securities and Exchange Commission is objecting to a plan being considered by the Obama administration to create a new financial watchdog to protect consumers.

  • Credit cards

    Congress is moving to limit the penalties on riskier credit card users, and to make up for lost income, the card companies are going after those people with sterling credit, the New York Times reports.

  • supreme_court_building.jpg

    The Supreme Court said Monday that it will rule on the constitutionality of the anti-fraud law that grew out of accounting scandals at Enron and other companies.

  • Car Emissions

    President Barack Obama will issue new vehicle emission standards and pair them with a broader goal of reducing pollution, marking the first time limits on greenhouse gases will be linked to federal standards for cars and trucks.

  • A group of investors who lost millions in the collapse of Stanford Financial Group says it is "shocked" by a request by court-appointed receiver Ralph Janvey for nearly $20 million to cover his expenses.

  • The chief investment officer for Texas billionaire R. Allen Stanford's companies, Laura Pendergest-Holt, pleads not guilty to two conspiracy counts. She remains free on a $300,000 bond issued after she was arrested in February on an obstruction charge

  • madoff_money_spread.jpg

    As the Obama administration completes its examinations of the nation’s largest banks, industry executives are bracing for fights with the government over repayment of bailout money and forced sales of bad mortgages.

  • Former New York Governor Eliot Spitzer hasn’t learned a thing from his recent ordeals and has destroyed as much value as anybody else in America, Kenneth Langone, former director of the New York Stock Exchange, told CNBC Tuesday.

  • Former Enron CEO Jeff Skilling (AP Photo/David J. Phillip)

    Former Enron CEO Jeffrey Skilling is appealing his 2006 conviction to the Supreme Court.  In a 50-page petition filed Monday afternoon, Skilling's attorneys argue the conviction should be overturned because he did not put his own interest above Enron's as the government claimed, and because the Houston jury that convicted him was prejudiced by "pervasive media coverage."

  • Bear_Stearns.jpg

    A former executive of Bear Stearns has sued for a $2 million bonus he says he is owed.

  • Hemp Plant

    What if Americans could buy cigarettes but were banned from growing tobacco? Buy bread but not allowed to grow wheat? That is the case with industrial hemp, a product in everything from car doors to milk...legally.

  • President Obama’s top antitrust official this week plans to restore an aggressive enforcement policy against corporations that use their market dominance to elbow out competitors or to keep them from gaining market share.

  • Attorneys for Texas financier R. Allen Stanford, who is accused by the Securities and Exchange Commission of running a "massive Ponzi scheme," say the agency has "railroaded" their client and now is trying to prevent him from defending himself.

  • obama_signing_stim1.jpg

    Putting himself on the side of fuming consumers, President Barack Obama is pushing Congress to send him legislation by Memorial Day that would put a tighter rein on the credit card industry.

  • Bernie Madoff

    Bernard Madoff's longtime secretary says she believes the disgraced financier is not cooperating with authorities to protect others.

  • stanford_allen.jpg

    Allen Stanford, the Texas billionaire facing civil fraud charges, attempted to turn himself in at the federal courthouse in Houston on Thursday, but was turned away because there is no warrant for his arrest, his lawyer said.

  • american_bank.jpg

    The Supreme Court heard arguments on Tuesday in a case that could change the way big banks are regulated.

  • SEC

    Federal regulators have won a court order freezing the assets of financier Danny Pang, whom they accuse of defrauding investors of hundreds of millions of dollars.

  • The author of the Credit Cardholder Bill of Rights tells us how the legislation will help, despite what the credit card industry has to say about it.

  • Bernard Madoff

    The trustee unraveling Bernard Madoff's Ponzi scheme is threatening legal action to recover $735 million from investors who unwittingly made money off the swindle.