Takata airbags: Delayed fixes worry drivers who see ‘terrible’ risk
Drivers like Norma Caplan of Boynton Beach are growing impatient that dealers say they still do not have enough replacement parts to fix recalled Takata airbags as 2017 gets underway.
“Get it done,” Caplan urged Monday. “To be injured or killed by flying metal pieces is terrible. They’re supposed to protect you.”
F.B.I. Arrests Volkswagen Executive on Conspiracy Charges in Emissions Scandal
By ADAM GOLDMAN and HIROKO TABUCHI
JANUARY 9, 2017
The Federal Bureau of Investigation has arrested a Volkswagen executive who faces charges of conspiracy to defraud the United States, two people with knowledge of the arrest said on Sunday, marking an escalation of the criminal investigation into the automaker’s diesel emissions cheating scandal.
Volkswagen, Justice Dept. nearing $3 billion deal to resolve diesel allegations
By David Shepardson and Joel Schectman | WASHINGTON
Volkswagen AG (VOWG_p.DE) and the U.S. Justice Department are nearing an agreement to resolve the government's civil and criminal investigations that would require the German automaker to pay a penalty of more than $3 billion, sources briefed on the talks said on Friday.
The...
Wells Fargo faces California, New Jersey probes over sales
[NEWARK, New Jersey] Wells Fargo & Co is under investigation by regulators in California and New Jersey to determine whether the bank signed up customers for Prudential Financial Inc life policies without their permission.
The announcements Monday by regulators followed fraud and misconduct allegations raised last week in a whistle-blower lawsuit claiming the insurer covered...
Wells Fargo Scandal Hits Prudential as Whistle-Blowers Sue
Prudential Financial Inc. was accused of covering up fraudulent sales of life insurance policies through Wells Fargo & Co. to low-income customers, marking the latest flareup of the fake-accounts scandal plaguing the third-largest U.S. lender by assets.
Many of the customers, who often had Hispanic last names, didn’t know what they had purchased and there...
Obama admin. seeks curbs on mandatory arbitration for insurance
The Obama administration is pressing U.S. states to curb insurers' use of fine print in contracts that bars unsatisfied customers from suing, taking the latest step against "mandatory arbitration clauses" in an insurance report released by the Treasury Department on Monday.
The federal government does not regulate insurance companies or products. Each...
Senator to push bill to let Wells Fargo customers sue over unauthorized accounts
Sen. Sherrod Brown (D-Ohio) said Monday that he plans to push legislation that would allow Wells Fargo & Co. customers to sue the bank over unauthorized accounts opened by employees trying to meet aggressive sales quotas.
The escalating scandal also drew the attention of Democratic presidential nominee Hillary Clinton, who in a speech criticized the San Francisco...
9/11 Victim Compensation Fund begins payments to new group of claimants
New Jersey residents who were injured, sickened or whose loved ones suffered harm as a result of the 9/11 attacks will begin receiving new payments from the September 11th Victim Compensation Fund, the fund's overseer said.
In a statement released Monday, Special Master Rupa Bhattacharyya said the fund has begun payments on "Group B" claims...
Volkswagen agrees to $1.2B settlement with dealers
Volkswagen Group agreed to pay its 652 U.S. dealerships up to $1.21 billion to settle claims stemming from the company's emissions scandal.
The German automaker revealed the settlement late Friday in a federal court filing, reflecting an average payout of $1.85 million. Many dealers suffered steep losses over the last year as VW's...
Congress rejects Obama veto of 9/11 bill; first override of his presidency
The House and Senate voted Wednesday to reject President Obama's veto of legislation allowing lawsuits against foreign sponsors of terrorism — the first successful override of a presidential veto since Obama took office.
The president had vetoed the legislation Friday because he said the bill — known as the Justice Against Sponsors of Terrorism Act, or JASTA — would infringe...
