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The Fraud Enforcement and Recovery Act of 2009, or FERA, Pub. L. 111–21 (text), S. 386, 123 Stat. 1617, enacted May 20, 2009, is a public law in the United States enacted in 2009. The law enhanced criminal enforcement of federal fraud laws, especially regarding financial institutions, mortgage fraud, and securities fraud or commodities fraud.
Several states also have exceptions to the American rule in both statutes and case law. For example, in California, the Consumers Legal Remedies Act allows plaintiffs to recover attorney's fees, [7] and in insurance bad faith cases, a policyholder may be able to recover attorney's fees as a separate component of damages. [8]
Attorney's fees (or attorneys' fees, depending upon number of attorneys involved, or simplified to attorney fees) are the fees, including labor charges and costs, charged by lawyers or their firms for legal services provided by them to their clients. They do not include incidental and non-legal costs (e.g., expedited shipping costs for legal ...
Michigan consumers are getting hit hard by fraud: Michigan consumers reported losing $151.7 million in 2023 to all types of fraud and scams, according to the Consumer Sentinel Network Data Book ...
A United States government report in 2006 indicated that Americans lost $198.4 million to Internet fraud in 2006, averaging a loss of $5,100 per incident. [28] That same year, a report in the United Kingdom claimed that these scams cost the economy £150 million per year, with the average victim losing £31,000. [104]
The verdict brings to a close a weeks-long trial marking the lowest point for disgraced attorney Tom Girardi, who was once a legal titan. Tom Girardi found guilty of wire fraud: 'It wasn't a hard ...
It was estimated that approximately one third of Americans affected by a data breach ended up becoming a victim of financial fraud in 2013, an increase from one ninth in 2010. [6] When an existing credit card is exposed and then used for fraud, the average estimated loss is $1,251.
The Telemarketing and Consumer Fraud and Abuse Prevention Act (Pub. L. 103–297) is a federal law in the United States aimed at protecting consumers from telemarketing deception and abuse. The act is enforced by the Federal Trade Commission.