Rob Tricchinelli

3 days ago | news.bloombergtax.com | Rob Tricchinelli

Southern Glazer’s Wine & Spirits LLC was unable to convince a federal judge to toss a Federal Trade Commission suit alleging the company illegally sold alcohol products to small businesses at prices far higher than to large national and regional chains. The FTC sufficiently alleged that Southern Glazer’s discriminated in prices among its customers, Judge Fred W. Slaughter of the US District Court for the Central District of California said.

6 days ago | news.bloombergtax.com | Olivia Alafriz |Rob Tricchinelli

The Consumer Financial Protection Bureau may not proceed with agencywide job cuts, while a D.C. federal court weighs whether the terminations would violate a preliminary injunction blocking the agency from shutting down. Judge Amy Berman Jackson of the US District Court for the District of Columbia said from the bench Friday that a written order blocking the layoffs would come out later in the day.

1 week ago | news.bloomberglaw.com | Rob Tricchinelli

Making drastic cuts to the Securities and Exchange Commission won’t save taxpayers a dime. But the Wall Street regulator still finds itself in the crosshairs of Elon Musk’s Department of Government Efficiency as scores of employees head for the exits. A DOGE team arrived at the SEC late last month and is being led by Eliezer Mishory, the former chief regulatory officer of derivatives exchange Kalshi Inc., Bloomberg News reported.

1 week ago | news.bloombergtax.com | Rob Tricchinelli

The Consumer Financial Protection Bureau has opted to abandon a rule imposing an $8 limit on credit card late fees, rather than defend against banking industry claims filed during the Biden administration, according to a consent judgment motion filed Monday.

2 weeks ago | news.bloomberglaw.com | Rob Tricchinelli

A group of House and Senate Judiciary Republicans is demanding documents from the eight Ivy League schools, citing concerns they may have colluded to raise tuition prices. The request, led by House Judiciary Chairman Jim Jordan (Ohio), Senate Judiciary Chairman Chuck Grassley (Iowa), and other members of the committees is the latest scrutiny into the cost of higher education at elite universities.