President Donald Trump signed a Congressional resolution on Wednesday that lets banks block customers from filing class action lawsuits, partly delivering on his election campaign promise to lighten U.S. financial regulation. The White House confirmed Trump signed the resolution, which …
Not every financial firm will be able to reap the benefit of Wall Street’s victory in dismantling the threat of class-action law suits. The U.S. Senate killed a rule late on Tuesday that allowed consumers to band together to sue …
Banks, credit card issuers and other financial companies will be able to block customers from banding together to sue over disputes, after the U.S. Senate on Tuesday narrowly killed a rule banning the firms from using “forced arbitration” clauses. Republican …
The Trump administration is moving to further delay part of an Obama-era rule to require brokers who offer retirement advice to put their customers’ interests ahead of their own. The U.S. Department of Labor said in a court filing Wednesday …
There were 80 securities class action settlements approved in 2015, the highest number since 2010, and total settlement dollars rose to more than $3 billion, according to research by Cornerstone Research. The report, “Securities Class Action Settlements—2015 Review and Analysis,” …
Big business is urging the U.S. Supreme Court to curb class action litigation in a series of cases that dominate the nine justices’ business docket in the coming months. The court returns for its new term on Monday with three …
A Canadian law designed to make it easier to bring class action suits against companies that mislead investors has all sides frustrated as it faces its first real-world tests. Changes to the Ontario Securities Act that came into effect in …
