LexisNexis® Legal Newsroom
Conflict-of-Interest Concerns in California Bond Market

A report issued last month by California's state auditor has raised questions about whether conflict of interest laws were broken by two of the state's largest issuers of municipal debt. The audit's findings, though inconclusive, cast suspicion on the practices of two joint powers authorities...

CA Out of Bond-Rating Basement

Standard & Poor's raised California's general obligation bond rating from A-minus to A this month. The upgrade comes just a week after S&P downgraded Illinois' rating to A-minus, meaning The Prairie State now has the lowest bond rating in the nation instead of The Golden State...

US Supreme Court Denies Cert in Consumers’ UCL Challenge to Bank Fees Under Federal Law

WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court today let stand a ruling by California’s highest court that Congress has not barred a state unfair competition law (UCL) consumer class action against Bank of America N.A. predicated on a violation of the federal Truth in Savings...