CSS banner

Regs News

$13 Billion, Yes, but What Took So Long? (11/24/13)

Gretchen Morgenson: Although it took the Justice Department more than five years to pursue a major bank for its role in the mortgage mania, the investigation seems to have unearthed material that, by and large, could have been dug up with a spoon. Read more...

OSHA no match for workplace dangers that kill thousands (11/23/13)

Many workers climb, rappel or reach into daily dangers but draw federal notice only by dying. Given limited budgets and frequent political attempts at reducing enforcement even more, inspectors might be absent until a calamity occurs. Read more...

Nuclear regulator predicts delays, cuts (11/19/13)

Budget cuts and financial challenges will likely cause the Nuclear Regulatory Commission to cut back and delay some of its services, Chairwoman Allison Macfarlane said on Tuesday. In remarks to a nuclear power conference in Atlanta, Ga., Macfarlane said that the 16-day government shutdown in October was only the “most recent... Read more...

$13 Billion Settlement With JPMorgan Is Announced (11/19/13)

JPMorgan Chase and the Justice Department finalized a $13 billion settlement on Tuesday, punctuating a long legal battle over the risky mortgage practices that became synonymous with the financial crisis. Read more...

The return of the senior death discount (11/18/13)

Lisa Heinzerling: The FDA estimates that the value of “each fatal heart attack” is “about $1.76 million.” Compare this to the Department of Transportation’s estimate of $9.1 million ($2012) for each life saved by its rules, or the Environmental Protection Agency’s estimate of $8.9 million ($2010) for this benefit. What... Read more...

Regulations Are Killed, and Kids Die (11/14/13)

Under pressure, the Obama administration withdrew rules barring young laborers from dangerous work—a decision with grave consequences for several families. Read more...

Sen. Tester asks USDA to postpone plans to finalize poultry inspection program (11/12/13)

U.S. Sen. Jon Tester wrote to the USDA secretary last week, asking that he postpone plans to finalize a new poultry inspection program, saying to move forward now is “misguided and premature.” Read more...

Editorial: Still Dangerous (11/10/13)

A strong Volcker Rule and international oversight could go a long way toward dismantling the global casino. That’s why banks have resisted them — and why the public needs them. Read more...

NSA Spying Scandal Roils US-EU Trade Negotiations (11/10/13)

Mary Bottari: There is one good thing coming out of the NSA embroglio. It is endangering the U.S.-EU trade agreement currently being negotiated behind closed doors with some 600 U.S. industry advisers. New revelations that the Office of the U.S. Trade Representative is one of the NSA's "clients" will further... Read more...

Court Sets Dec. 20 Date for FSMA ‘Adulteration’ Rule (11/5/13)

The U.S. Court of Appeals for the Ninth Circuit has ruled that FDA needs to release a proposed intentional adulteration rule under FSMA — one of the few remaining major rules to be released under the law — by Dec. 20, despite efforts by the agency to gain more time.... Read more...

Obama Agrees to Open Carbon-Cost Estimate to Outside Comment (11/4/13)

The administration of President Barack Obama said it would revise and open for public comment its estimate of the social cost of carbon, used by agencies to calculate the benefits of regulations to address climate change. Read more...

Street Cop (11/4/13)

Since 2008, the financial industry has changed the way it does business. Can the S.E.C.’s Mary Jo White control it? Read more...

Memo to SEC: Make corporations disclose political contributions! (11/3/13)

Susan Holmberg: Corporations are increasingly active in US politics, and their investors deserve to know where their money is going Read more...

12 Million People Turn To Predatory Payday Loans Every Year (11/1/13)

Nationwide, 12 million people make use of payday loans each year, turning to them for a desperate short-term cash infusion, and on average they spend $520 in interest to borrow $375, according to a report from The Pew Charitable Trusts. Read more...

Transatlantic Free Trade Agreement: Job Claims Are Pure Baloney (11/1/13)

The Senate Finance Committee held hearings this week on the proposed Transatlantic Trade and Investment Partnership (TTIP). The committee chair, Sen. Max Baucus, claimed that the TTIP could boost U.S. exports to the EU by a third, adding “more than one hundred billion dollars annually to U.S. GDP,” and that... Read more...

As experts recognize new form of black lung, coal industry follows familiar pattern of denial (11/1/13)

Yet, while other variants of black lung are defined explicitly in Labor Department regulations, Latusek’s form is not, and doctors paid by the coal industry continue to testify that there is no evidence of any connection between mining and this form of disease. This leaves the complex medical issue to... Read more...

EPA Cooling Water Rule Delayed Again (11/1/13)

EPA is "discussing a new deadline" with environmental litigants for finalizing its technology requirements for cooling water towers at large, existing power plants, EPA spokeswoman Alisha Johnson said today. The regulation was due to be finalized by Monday, according to a court settlement EPA has with environmentalists. The agency's proposed... Read more...

White House Will Focus on Climate Shifts While Trying to Cut Greenhouse Gases (11/1/13)

White House aides said President Obama would sign an executive order on Friday morning directing federal agencies to make it easier for states and communities to build resilience against storms, droughts and other weather extremes. Read more...

Johns Hopkins medical unit rarely finds black lung, helping coal industry defeat miners' claims (10/30/13)

More than a half-dozen doctors who have seen the X-ray and CT images of his chest agree he has the most severe form of black lung disease. Yet his claim for benefits was denied in 2011. The medical opinions primarily responsible for sinking his claim didn’t come from consultants-for-hire at a... Read more...

J.P. Morgan’s $5.1 Billion Settlement Is Tax Deductible (10/29/13)

J.P. Morgan Chase & Co.’s $5.1 billion settlement with Fannie Mae and Freddie Mac will be entirely tax deductible for the bank, according to a person familiar with the situation—effectively lessening the bank’s true payout and shifting part of the settlement’s cost to taxpayers. Read more...

U.S. Says It Won’t Back New International Coal-Fired Power Plants (10/29/13)

In an aggressive move to impose President Obama’s environmental policies overseas, the Treasury Department on Tuesday largely declared an end to United States support for new coal-fired power plants around the world. The decision means that Mr. Obama’s administration will no longer contribute to coal projects financed by the World... Read more...

USDA plan to speed up poultry-processing lines could increase risk of bird abuse (10/29/13)

Nearly 1 million chickens and turkeys are unintentionally boiled alive each year in U.S. slaughterhouses, often because fast-moving lines fail to kill the birds before they are dropped into scalding water, U.S. Department of Agriculture records show. A USDA proposal would make the problem of inhumane treatment worse, according to government... Read more...

Coal industry's go-to law firm withheld evidence of black lung, at expense of sick miners (10/29/13)

Part 1 of a 3-part series, 'Breathless and Burdened: Dying from black lung, buried by law and medicine' Read more...

Federal Judge Gives EPA 60 Days to Set Deadline for Coal Ash Regulations (10/29/13)

A federal judge issued a memorandum today in a lawsuit challenging the Environmental Protection Agency’s failure to finalize federal coal ash regulations. The Court gave the EPA 60 days to “file a written submission with this Court setting forth a proposed deadline for its compliance with [EPA’s] obligation to review... Read more...

Deregulating Wall Street Makes Bankers Richer And Hurts Everyone Else (10/28/13)

Deregulating the financial sector robs from the poor and gives to the rich, according to a new paper from a pair of University of Maryland economists. Their argument makes a persuasive mathematical case for either tightening financial regulations or dramatically increasing the way financial sector profits are taxed. Read more...

After Year of Working Around Federal Cuts, Agencies Face Fewer Options (10/27/13)

While the most dire predictions may not have materialized in 2013, the tricks that many agencies employed — deferring maintenance, using unspent money from earlier years, cutting staff by attrition — are likely to be exhausted by 2014, when federal departments must trim an additional $24 billion from already tight... Read more...

White House changes to food import rule weaken consumer protections (10/25/13)

Originally, the FDA was going to require the importer to conduct or obtain documentation of an onsite audit in all cases where the food is subject to a “designated food safety regulation.” Most kinds of imported foods would have automatically required an onsite audit. Once the White House was through with... Read more...

F.D.A. Moves to Regulate Food for Animals (10/25/13)

The Food and Drug Administration proposed rules on Friday that would govern the production of pet food and farm animal feed for the first time. The regulation would help prevent food-borne illness in both animals and people, officials at the agency said, as people can become sick from handling contaminated animal... Read more...

MSHA cites 3 mines under new 'pattern of violations' rule (10/24/13)

Federal inspectors on Thursday took stepped-up enforcement actions against three coal mines -- including two in West Virginia -- citing them under a tougher new "pattern of violations" rule written in the wake of the Upper Big Branch Mine Disaster. U.S. Mine Safety and Health Administration used the updated rule... Read more...

Bloated Government? Federal Employment at 47-Year Low (10/22/13)

Floyd Norris: Now, the federal government employs exactly 2 percent of the people with jobs in this country. In 1966, the figure was more than twice that, 4.3 percent. Read more...

Chemical safety groups push for action ahead of agency recommendations (10/22/13)

Health, safety and environmental organizations called Tuesday upon supporters to press the White House to impose new chemical regulations in the wake of April’s deadly fertilizer plant explosion in Texas. As part of its campaign, the coalition issued a video showing images from disasters, overdubbed with excerpts of Obama speaking at... Read more...

White House Changes to FSMA Rule (10/22/13)

Consumer advocates have noticed two edits they don’t like as they work to digest hundreds of pages that show changes the White House Office of Management and Budget made to two key Food Safety Modernization Act proposals. First: The OMB struck FDA’s plan to require onsite audits as part of its... Read more...

Jensen Brothers Take Responsibility But Blame PrimusLabs (10/21/13)

The brothers, who will accept responsibly for the nation’s most deadly outbreak of foodborne illness in a generation, are prepared to say that blame clearly rests with the third-party auditor they relied upon to keep their cantaloupes safe for human consumption. After first pleading not guilty last month to all charges,... Read more...

Scalded by Coffee, Then News Media (10/21/13)

Video: In 1992, Stella Liebeck spilled scalding McDonald’s coffee in her lap and later sued the company, attracting a flood of negative attention. It turns out there was more to the story. Read more...

White House FSMA Rules Redline (10/21/13)

The FDA Friday quietly posted the White House’s redline version of the proposed Foreign Supplier Verification Program and third party auditor accreditation rules to the regulatory docket, offering the first look at what exactly what the Office of Management and Budget changed during the two years it was reviewing these... Read more...

Schumer, LI families, push for rearview cameras on cars (10/20/13)

Sen. Charles Schumer and two Long Island families vowed Sunday to fight the federal Department of Transportation's delays in enforcing a 2008 law requiring all new cars to come with lifesaving rearview cameras installed. "This law was signed by President Bush," Schumer (D-N.Y.) said with the two families of children... Read more...

You Thought the Government Shutdown Was Over. You Were Wrong. (10/18/13)

Federal employees had to take unpaid furlough days. Beneficiaries were thrown off of federal programs. Courthouses had to be sold. Federal agencies like the FBI, the Food and Drug Administration, and the National Institutes of Health strained to meet commitments, leading to more crime, more outbreaks of disease and less... Read more...

Poll: Majority wanted EPA open during shutdown (10/17/13)

The Environmental Protection Agency should have kept operating during the government shutdown, a majority of people said in a new poll. The poll from left-leaning Public Policy Polling (PPP) found that 65 percent of the public opposed the EPA being prevented from doing its work. Read more...

Request That Silica Commenters Disclose Funding Sparks Debate on Transparency, Bias (10/17/13)

In a move widely believed to be a first, the Occupational Safety and Health Administration has asked parties who submit comments about the agency's pending silica rule to disclose their financial backers and potential conflicts of interest, teeing up another debate over the proper way to conduct rulemaking. Read more...

Why another CR would hurt food safety (10/16/13)

As congressional leaders negotiate to end the shutdown and raise the debt ceiling — which will likely include another short-term continuing resolution at post-sequester levels — the FDA stands to get uniquely screwed by the deal. Unlike most federal agencies, the FDA does well and even surpasses sequester caps when lawmakers... Read more...

JPMorgan agrees to $100M CFTC fine on 'London Whale' charges (10/16/13)

JPMorgan admitted to reckless behavior and will pay the Commodity Futures Trading Commission $100 million to settle charges stemming from the bank's "London Whale" trading debacle. The fines closed out a 17-month investigation by the regulator into the billions of dollars in losses the world's biggest bank suffered in a complex... Read more...

No new regs for Wednesday (10/15/13)

There won’t be any new regulations issued on Wednesday, though one public meeting is being announced. Read more...

Coal ash leads to lawsuit in West Virginia, Pennsylvania (10/14/13)

More than 50 West Virginia and Pennsylvania property owners are suing FirstEnergy over groundwater pollution, soggy yards and foundation damage they blame on a leaking coal ash impoundment and the 7-mile waste pipeline that feeds it. Read more...

Study links warmer water temperatures to greater levels of mercury in fish (10/13/13)

Killifish are not usually big eaters. But in warmer waters, at temperatures projected for the future by climate scientists, their metabolism — and their appetites — go up, which is not a good thing if there are toxins in their food. Read more...

Shutdown savages some regulators (10/13/13)

The government shutdown’s axe has dealt an uneven blow to the nation’s financial regulators, virtually shuttering at least one agency while leaving others at full strength. On balance, financial regulators have been spared the brunt of the shutdown, though thousands of additional furloughs could be on the way as leftover... Read more...

The Tea Party thinks it hates Wall Street. It doesn’t. (10/12/13)

When it comes to financial regulation, there are no substantial issues on which Tea Party Republicans differ from Wall Street. Read more...

International derivatives trading rules take effect (10/11/13)

New rules for international derivatives dealers are changing the paradigm for the roughly $700 trillion swaps market, a top financial regulator said on Friday. On Thursday, the Commodity Futures Trading Commission’s (CFTC) guidance for international derivatives deals went into place, setting rules of the road for deals between international firms and... Read more...

Clinical Trials Continue, but Only at a Crawl (10/10/13)

The federal government has continued to enroll critically ill people in clinical trials at the National Institutes of Health since the government shutdown began last week, but the pace has slowed drastically, and many other sick people are having to wait for treatment. Read more...

Furloughed Inspectors Leave Gaps in Safety Oversight (10/9/13)

The partial shutdown of the U.S. government has sidelined thousands of inspectors who monitor everything from air and water pollution to safety hazards at factories and the condition of nursing homes. Read more...

Government shutdown puts squeeze on health, safety (10/9/13)

Cutbacks and furloughs are hampering investigations ranging from a fatal subway accident in Washington, the heart of the shutdown crisis, to a salmonella outbreak that has sickened people in at least 18 Western states. Domestic violence shelters are threatened, mine safety could be, and efforts to improve vital weather forecasting... Read more...

« Previous

Page 2 of 27

Next »