law

UniCredit files a suit against Irving Picard. Republicans offer protection

February 18, 2011 - 3:58pm | Fraud | News
UniCredit files a suit against Irving Picard. Republicans offer protection

One of the defendants in Madoff case Italian bank UniCredit SpA has filed a lawsuit against Irving Picard, a trustee liquidating Bernard Madoff's assets. According to the papers Irving Picard has exceeded its authority vested by the U.S. Congress.  


Login or register to post comments | 3 points

New credit card restrictions will cut JPMorgan Chase’s income by $750mn

April 2, 2010 - 7:18am | News | Plastic cards
New credit card restrictions will cut JPMorgan Chase’s income by $750mn

As JPMorgan Chase anticipates a lot of customers will get cut off as a result as company’s credit card income may fall by up to $750 million because of recent regulations.

The law bans moves such as changing interest rates on existing balances, and charging over-the-limit fees without customer permission.


Login or register to post comments | 0 points

Citi discards MasterCard cards at its own discretion, neglects customer damages

October 20, 2009 - 4:09am | News | Plastic cards
Citi discards MasterCard cards at its own discretion, neglects customer damages

If you want to pay for gas filling at any gas-station like, Shell, Citgo, ExxonMobil and Phillips 66-Conoco cards, with Citibank issued MasterCard, don’t even try. You’ll fail as Citi "decided to close a limited number of oil partner co-branded MasterCard accounts" without warning and number of cardholders suffered from card rejection while paying.

 However, Citi spokesman confirms as the close date was Wednesday, letters were sent out Monday to customers informing them of the change. 


Login or register to post comments | 0 points

More than half European websites are illegal

September 10, 2009 - 3:26pm | Law aspects | News
More than half European websites are illegal

More than half the European websites that sell electronic consumer goods are not complying with the law, the European Commission has found.

Police and trading standard authorities are now following up the findings with website owners. Six of the 14 UK websites studied will receive a visit from the authorities.


Login or register to post comments | 0 points

Canadian regulator investigates Facebook transparency

August 27, 2009 - 5:56am | Law aspects | News
Canadian regulator investigates Facebook transparency

Canadian regulator, known as the Office of the Privacy Commissioner of Canada, may outline new proposals on protecting the privacy of Facebook users in response to complaints by the Canadian Internet Policy and Public Interest Clinic at the University of Ottawa.

As the regulator's report found, Facebook provides with the privacy practices information not completely and often confusingly.


Login or register to post comments | 0 points

European Commission starts a war against the USA and anti-gambling law

June 11, 2009 - 4:03am | Articles | Law aspects
European Commission starts a war against the USA and anti-gambling law

It was reported that the European Commission has found that the legal proceedings of the US authorities against European online gambling companies were unjustified and discriminatory. Moreover it was said that if US agencies do not stop the prosecution and compromise an action they may take the case to the World Trade Organization.  


Login or register to post comments | -1 points

Canadian Finance Minister ruled out new credit card regulations

May 21, 2009 - 8:53am | News | Plastic cards
  Canadian Finance Minister ruled out new credit card regulations

As it became known on Thursday, Canadian Finance Minister Jim Flaherty is to announce new credit card rules. That comes a day after the U.S. Congress ruled out legislation restricting, that Barack Obama is to sign into law on Friday. The legislation requires to provide the information of when and how a credit card company can raise an individual's interest rate, who can receive a card and how much time people are given to pay their bill. 


Login or register to post comments | 0 points

Australia's state government warns against sexting resulting in sexual abuse

May 4, 2009 - 10:05am | Law aspects | News
Australia's state government warns against sexting resulting in sexual abuse

This week Australia's state government of New South Wales started an education campaign, aiming to fight against "sexting”. The representatives warn these images or sexually explicit text messages can be posted on the Internet or forwarded to others, which can end up in harassment or even sexual assault.


Login or register to post comments | 1 point

Germany to stick a “Stop” sign onto the child porn

April 24, 2009 - 10:17am | Law aspects | News
Germany to stick a “Stop” sign onto the child porn

It has been announced that the German Cabinet has approved a law aimed at strengthening the existing ban on child sex abuse images.

According to the law, ISPs will be required to display a 'Stop' sign when a user tries to access websites including the prohibited content. The list of those websites will be prepared by the police and transferred to ISPs. 


Login or register to post comments | 0 points

European investigation finished. Will U.S. change online gambling laws?

March 30, 2009 - 3:26am | Law aspects | News
European investigation finished. Will U.S. change online gambling laws?

The European Commission completed its report on the investigation into the U.S. measures affecting foreign providers of online gambling services. The report released last week resumes the probe that was launched after the Remote Gambling Association filed a complaint against the U.S. The work concludes that US laws deny access and discriminate against foreign suppliers of gambling and betting services inconsistently with US WTO obligations.


Login or register to post comments | 0 points

Is sports gambling legal in the US?

March 17, 2009 - 8:28am | Law aspects | News
Is sports gambling legal in the US?

The recession has resulted in all kinds of new legislatures in the US. Online sports gambling also expects changes following Internet gambling, although, it wasn’t considered likely to be so.

Delaware being on of four states, along with Montana, Oregon, and Nevada, allowed to consider its own statutes for wagering on sporting events is causing discomfort among other states, which are making moves to keep gambling revenues.


Login or register to post comments | 0 points

iMEGA prevented from providing more evidences against UIGEA

March 5, 2009 - 10:59am | Law aspects | News
iMEGA prevented from providing more evidences against UIGEA

Representatives of the US federal government were found to be restraining information necessary for a fair and responsible court decision regarding the UIGEA issue. The act was sued by Interactive Media Entertainment and Gaming Association (iMEGA) for its vagueness. Department of Justice attorney would not give consent for iMEGA to update its briefs by including difficulties being caused at state lotteries by the online gambling ban.


Login or register to post comments | 0 points

Online gambling in the U.S. goes bankrupt

March 5, 2009 - 6:11am | News | Other themes
Online gambling in the U.S. goes bankrupt

In the year 2006 the United State Congress passed a law to prevent banks and financial institutions from allowing their customers to make deposits at online gambling sites. So, most players have found it difficult to deposit money into their online gambling accounts and since the law was implemented online gambling sites have to use other depositing methods like e-cash options and wire transfers trying to get round the prohibition. 


Login or register to post comments | 0 points

Madoff, Ex-NASDAQ chairman arrested. Madoff brokerage to be liquidated

December 16, 2008 - 10:44am | News | Other themes
Madoff, Ex-NASDAQ chairman arrested. Madoff brokerage to be liquidated

In a move to protect customers against being left out of pocket the Securities Investor Protection Corporation started a suit against Bernard L. Madoff investment Securities LLC in order to liquidate the brokerage firm, reports MarketWatch. The chairman of the investment company was arrested and the scandal had an adverse impact on banks, hedge-fund investment firms and wealthy individuals.


Login or register to post comments | 0 points

Barry Downey, owner of e-gold is allowed to continue practicing law

December 8, 2008 - 7:04am | News | Payment systems
Barry Downey, owner of e-gold is allowed to continue practicing law

One of the owners of e-gold payment system Barry Downey has got permission from the D.C. Court of Appeals to continue practicing law, at least for now. Such decision was made by Judge Anna Blackburne-Rigsby, Judge Michael Farrell, and Senior Judge William Pryor last week despite the fact that Downey pleaded guilty to operating a money-transmitting business without a license. On Nov. 20, Downey was sentenced to three-years probation and $2,600 in fines.


Login or register to post comments | 0 points


Did not find what you want? Try to search all ecommerce sites!
Custom Search