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Blog Post | Ed's Blog

To lessen online banking risks, lessen consumer liability risks | Ed Mierzwinski

In addition to a story on the Zappos' hack, the New York Times also has an editorial "Convenient, but How Secure?" on the growth of online banking and new regulations being implemented that should lessen fraud loss risk.

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Blog Post | Ed's Blog

FTC settles claim with Rx monopolist CVS Caremark | Ed Mierzwinski

Last week, the Federal Trade Commission announced (news release) that CVS Caremark Corporation (pdf of the complaint) will "pay $5 million to settle Federal Trade Commission charges that it misrepresented the prices of certain Medicare Part D prescription drugs – including drugs used to treat breast cancer symptoms and epilepsy – at CVS and Walgreens pharmacies."

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Blog Post | Ed's Blog

WSJ: Bank of America Ponders Retreat | Ed Mierzwinski

Today's Wall Street Journal offers the story "Bank of America Ponders Retreat." It discusses a BofA emergency plan for retrenchment that would include further branch shrinkage than currently-expected reductions.

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Blog Post | Ed's Blog

Justice Department: Recess appointments to CFPB, NLRB were legal | Ed Mierzwinski

Here's a link to a Reuters story that links to the Justice Department memo that confirms the president's legal authority to do last week's recess appointments of Rich Cordray to head the CFPB and three others to sit on the NLRB.

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