FDA investigates energy drink following deaths, CFPB expands supervision of credit reporting, and more.
- The Food and Drug Administration (FDA) began an investigation into certain energy drinks after allegations that five deaths were linked to their consumption.
- The Consumer Financial Protection Bureau (CFPB) announced that consumers can now file complaints against credit agencies for incorrect credit report information, improper use of reports, and an inability to obtain a report.
- The CFPB expanded its supervision and enforcement authority to oversee debt collection firms.
- Groups petitioned the Environmental Protection Agency (EPA) for public reporting of chemical releases from fracking. See related The Regulatory Review essay.
- A Securities and Exchange Commission (SEC) investigation into Facebook’s IPO following a sudden drop in stock has reportedly yet to yield evidence of omitted information.
- The SEC adopted new rules for risk management, membership, and recordkeeping by clearing agencies.
- The Department of Health and Human Services (HHS) offered to ease requirements for skilled nursing and home health care through Medicare in a proposed settlement of a national class-action lawsuit.
- In the wake of MF Global’s collapse, the Commodity Futures Trading Commission (CFTC) proposed new regulations to protect customer funds.
- The Department of Homeland Security (DHS) Secretary Janet Napolitano said the Obama administration will act on cybersecurity if Congress fails to pass bill.
- Euro zone leaders agreed to the creation of single bank regulator.
