Regulation & Compliance
Schwab Drops Its Class-Action Waiver Requirement… for Now
Charles Schwab Corp. has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new twist in a battle closely watched by the securities industry ...
Lack Of Visibility On Buffett Successor A Concern—But Not Enough To Tip Best Ratings
A.M. Best affirmed the "A++" financial strength rating and "aaa" issuer credit ratings of Berkshire Hathaway's National Indemnity Co. and its affiliates on Wednesday, while commenting on the lack of ...
Copyright Owners Blocked from Suing Google’s YouTube in Class Action
A U.S. judge on Wednesday denied class-action status to copyright owners suing Google Inc. over the use of material posted on YouTube without their permission. U.S. District Judge Louis Stanton in ...
Government to Share Cyber Security Information with Private Companies
The U.S. government will use classified information about software vulnerabilities for the first time to protect companies outside of the military industrial complex, top officials told Reuters this ...
U.S., European Retailers Differ Over How to Make Bangladesh Factories Safer
A trans-Atlantic divide between European and U.S. retailers over how best to respond to fatal disasters in Bangladesh textile factories split wide open on Wednesday, with U.S. retailers claiming ...
Senator Demands Economic Justification For No-Admission Settlements
An outspoken freshman U.S. senator with a record of taking on Wall Street wants financial regulators and federal prosecutors to provide an economic justification for allowing big banks to settle ...
Senate Duo Wants Quick SEC Action On Credit Raters
A bipartisan pair of U.S. senators urged federal securities regulators to move quickly on fundamental changes to how credit-rating agencies are compensated, a step they said will reduce the type of ...
How They Rank: Fitch Reports On Top D&O Insurers
Directors and officers liability insurance premium rates were previously lagging the market recovery in the broader commercial lines segment, but pricing trends are now catching up, Fitch Ratings ...