New York Attorney General Eric Schneiderman’s office has opened an inquiry into the business practices of National Collegiate Student Loan Trust following reports that the company often files collection lawsuits against defaulted borrowers without proper or correct paper. [More]
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Regulators Investigating 105K Jeep Liberty SUVs Over Airbag Failures
By 6.5.17 — Updated: 6.9.17
An airbag can save your life if you’re ever in a crash, but that’s only possible if the safety device deploys as intended. For more than 105,000 Jeep vehicles, that might not happen, leading federal regulators to open an investigation into the matter. [More]
Wells Fargo Still Has A Lot Of Fake Account Fiasco Investigations To Deal With
By 3.31.17
Wells Fargo may believe that its recently announced $110 million settlement will put an end to the many federal lawsuits over the bank’s fake account fiasco, but that may be wishful thinking. In fact, the financial institution is still party to nearly a dozen investigations and lawsuits. [More]
Report: Fiat Chrysler Facing Criminal Probe Over Use Of Supposed “Defeat Devices”
By 1.13.17
In a week where Volkswagen and Takata both entered guilty pleas to criminal wrongdoing as part of settlements with federal prosecutors, the Department of Justice has reportedly opened a new investigation against Fiat Chrysler for its alleged failure to disclose so-called “defeat devices” in 100,000 vehicles. [More]
Feds Investigating Wells Fargo After Employees Open 2 Million Fake Accounts
By 9.15.16 — Updated: 9.30.16
Financial regulators recently ordered Wells Fargo to pay $185 million to resolve allegations that the bank’s sales quotas and incentives pushed employees to open millions of unauthorized accounts, but that my not be the end of Wells’ troubles, with the U.S. Department of Justice now looking into the matter. [More]
SEC Opens Investigation Into Alibaba
By 5.25.16
Federal regulators have opened a probe into Chinese e-commerce biggie Alibaba’s accounting practices. [More]
VW Allegedly Deleted Info Related To “Defeat Devices” In Violation Of Federal Order
By 3.14.16
Volkswagen employees allegedly deleted data related to the company’s use of so-called “defeat devices” for three days after federal regulators ordered the company to preserve the information for a future investigation, a former worker claims in a lawsuit against the company. [More]
Regulators Investigating 420,000 Ford Trucks For Brake Failure Issue
By 3.4.16
After receiving dozens of complaints from consumers about brake failure, federal regulators have opened a probe into 420,000 of Ford’s most popular truck brand, the F-150. [More]
More Than 100 Crashes Caused By Confusing Jeep, Chrysler, Dodge Gear Shifters
By 2.8.16
For most vehicles, shifting into “Park” seems to be a simple task. But for thousands of people who own Fiat Chrysler cars, that’s not the case. Federal regulators expanded their investigation into these vehicles after receiving more complaints about crashes and injuries because drivers say they have inadvertently left their vehicles in gear with the engine running because the electronic gear shifter is confusing. [More]
Denying Travelers Compensation For Damaged Bags Won’t Fly With The DOT Starting Jan. 9
By 12.3.15
Some airlines aren’t living up to their obligation to compensate passengers for damage to their luggage, recent inspections by the Department of Transportation found. Now, the agency is warning carriers that if their policies and trainings don’t fall in line with federal regulations by Jan. 9, they could face fines and other enforcement action. [More]
Wells Fargo’s High-Pressure Sales Strategy Probed By Federal Regulators
By 11.30.15 — Updated: 9.30.16
Six months after the Los Angeles City Attorney filed a lawsuit accusing Wells Fargo of a slew of unfair practices — like encouraging employees to open unauthorized consumer accounts and then charging those accounts phony fees to meet sales expectations — two other regulatory agencies have opened investigations into the bank’s behavior. [More]
Regulators Probing AB InBev Over Allegations Of Pushing Out Craft Brewers By Buying Distributors
By 10.13.15
Despite Anheuser-Busch InBev’s attempt in recent years to get drunk on craft beer by padding its portfolio with small brewers like Golden Road, Goose Island and Blue Point Brewery, among others, the beverage behemoth is in talks with federal regulators over allegations that its recent purchase of distributors is a calculated attempt to shut the door on increasingly popular craft brews. [More]
Regulators Open Investigation Into Jeeps That Just Roll Away When Parked
By 8.26.15
When putting your vehicle in the “park” position, you probably have the expectation that your car won’t be moving. That’s apparently not the case for more than 400,000 Jeeps now under investigation by federal regulators because they have a tendency to simply roll away after being parked. [More]
NHTSA Denies Second Petition To Open Investigation Into Unintended Acceleration Of Toyota Vehicles
By 8.21.15
For the second time this year, the National Highway Traffic Safety Administration announced it would not open a probe into millions of Toyota vehicles regarding possible unintended acceleration. [More]
NHTSA “Tentatively Concludes” Fiat Chrysler Failed To Adequately Address Dozens Of Recalls
By 7.2.15
Federal regulators took Fiat Chrysler to task for its leisurely pace in fixing 11 million vehicles recalled for one reason or another in recent years during an unusual public hearing today. [More]
NHTSA Investigating 250,000 Ford Trucks For Power Brake Failure
By 6.26.15
As we mentioned earlier today, brakes are one of the most essential components of a vehicle. When they don’t work as intended, it puts the safety of everyone on the road at risk. For that reason, federal regulators have opened a probe into 250,000 large Ford trucks. [More]
NHTSA Adds One Million More Fiat Chrysler Vehicles to Agenda For July Hearing
By 6.19.15
Just two weeks before federal regulators are scheduled to take Fiat Chrysler to task over its leisurely pace in addressing a plethora of recalls – including millions of Jeeps that can explode following low-speed rear-end collisions – the National Highway Traffic Safety Administration announced it would add two additional cases to its review roster. [More]
NHTSA Probing Fiat Chrysler’s Response To At Least 20 Safety Recalls, Schedules July 2 Public Hearing
By 5.18.15
Federal regulators are once again expressing their displeasure with Fiat Chrysler’s slow-moving response to fixing millions of Jeeps that can explode following low-speed rear-end collisions. Today, the National Highway Traffic Safety Administration announced it plans to take the car manufacturer to task not only for its leisurely pace on the Jeep recalls, but for nearly 20 other safety recalls. [More]
