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BUSINESS
August 12, 2013 | By Andrew Tangel
NEW YORK -- New York's top law enforcement official has accused an Orange County-based lender of scamming borrowers out of "millions of dollars" with high-interest loans. CashCall, which is based in Anaheim, is one of two companies targeted by New York Atty. Gen. Eric Schneiderman for allegedly hitting cash-strapped New Yorkers with interest rates of 89% to 355% on personal loans. Schneiderman's office announced the civil action Monday against CashCall, South Dakota-based Western Sky, an affiliated company and their owners.
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BUSINESS
October 7, 2013 | By Stuart Pfeifer
Airbnb Inc., the short-term home rental service for travelers, has been issued a subpoena from New York prosecutors. State Attorney General Eric Schneiderman's office is investigating whether people who put units on the Airbnb website are complying with state rental laws, Bloomberg News reported, citing an unidentified person familiar with the matter. Airbnb, which has become increasingly popular in Southern California, allows people to rent homes and apartments on a short-term basis as an alternative to hotels.
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BUSINESS
August 26, 2013 | By Ricardo Lopez
In case you're wondering why real estate mogul Donald Trump called New York Atty. Gen. Eric T. Schneiderman a political hack and why he's going on a tirade on Twitter , let's recap, shall we? The drama began unfolding Saturday when Schneiderman sued  Trump,  alleging that consumers who attended his school, the Trump Entrepreneur Institute, formerly known as Trump University, were bilked out of thousands for sham courses. The lawsuit says that the Trump Entrepreneur Institute, which operated from 2005 to 2011, was an unlicensed education institute that promised to teach students Trump's real estate investment techniques.
BUSINESS
October 1, 2013 | By E. Scott Reckard
New York's top prosecutor has decided to sue Wells Fargo & Co. over its alleged failure to comply with customer-service reforms mandated by last year's landmark $25-billion national mortgage settlement. The lawsuit follows months of fruitless negotiations between New York Atty. Gen. Eric Schneiderman and Wells Fargo, according to several people briefed on the decision. Schneiderman has threatened since May to file a lawsuit against the San Francisco bank, which is the largest mortgage lender and servicer.
BUSINESS
November 20, 2012 | By Alejandro Lazo, This post has been updated. See the note below for details.
New York Atty Gen. Eric T. Schneiderman sued Credit Suisse on Tuesday,  accusing the Swiss Bank  of systematically misleading investors who bought the firm's mortgage-backed securities during the housing boom. The lawsuit was brought in New York State Supreme Court on Tuesday under the state's powerful Martin Act. The case is the latest to stem from a working group of state and federal regulators created earlier this year by President Obama investigating the role that large financial institutions played in creating the financial crisis.
BUSINESS
July 8, 2013 | By Jim Puzzanghera
WASHINGTON --Thomson Reuters Corp. said Monday it would suspend the early access it sells to some clients of its twice-monthly consumer confidence index. The company, which conducts the widely watched Survey of Consumers with the University of Michigan, said it made the change at the request of New York State Attorney General Eric T. Schneiderman. His office has been investigating the practice of allowing some high-speed traders to pay to receive the data two seconds before other paying clients.
BUSINESS
October 7, 2013 | By Stuart Pfeifer
Airbnb Inc., the short-term home rental service for travelers, has been issued a subpoena from New York prosecutors. State Attorney General Eric Schneiderman's office is investigating whether people who put units on the Airbnb website are complying with state rental laws, Bloomberg News reported, citing an unidentified person familiar with the matter. Airbnb, which has become increasingly popular in Southern California, allows people to rent homes and apartments on a short-term basis as an alternative to hotels.
BUSINESS
June 13, 2013 | By Paresh Dave
Just hours before they were scheduled to meet with representatives from four leading phone manufacturers Thursday, two public officials announced they have lined up support from 40 government leaders and scholars urging phone makers to make devices with antitheft features. Warning about the prevalence of violent robberies involving cellphones, New York Atty. Gen. Eric Schneiderman and San Francisco Dist. Atty. George Gascón have repeatedly called on the tech industry to create phones that would no longer be usable once reported stolen.
BUSINESS
October 1, 2013 | By E. Scott Reckard
New York's top prosecutor has decided to sue Wells Fargo & Co. over its alleged failure to comply with customer-service reforms mandated by last year's landmark $25-billion national mortgage settlement. The lawsuit follows months of fruitless negotiations between New York Atty. Gen. Eric Schneiderman and Wells Fargo, according to several people briefed on the decision. Schneiderman has threatened since May to file a lawsuit against the San Francisco bank, which is the largest mortgage lender and servicer.
BUSINESS
August 12, 2013 | By Andrew Tangel and Walter Hamilton
NEW YORK - New York's attorney general has accused an Anaheim lender of illegally charging triple-digit interest rates on personal loans, then hounding borrowers to collect payments when they inevitably fell behind. The lawsuit, filed late Monday, alleges that CashCall Inc., a decade-old Internet lender well known from its ubiquitous advertising, charged as much as 355% in interest, far exceeding New York's civil and criminal usury limits of 16% and 25%, respectively. Also named as defendants are WS Funding, a CashCall subsidiary, and Western Sky Financial in South Dakota, as well as their owners, J. Paul Reddam of CashCall and Martin Webb of Western Sky. The suit says a person borrowing $1,000 could end up paying nearly $5,000 over two years.
BUSINESS
August 26, 2013 | By Ricardo Lopez
In case you're wondering why real estate mogul Donald Trump called New York Atty. Gen. Eric T. Schneiderman a political hack and why he's going on a tirade on Twitter , let's recap, shall we? The drama began unfolding Saturday when Schneiderman sued  Trump,  alleging that consumers who attended his school, the Trump Entrepreneur Institute, formerly known as Trump University, were bilked out of thousands for sham courses. The lawsuit says that the Trump Entrepreneur Institute, which operated from 2005 to 2011, was an unlicensed education institute that promised to teach students Trump's real estate investment techniques.
BUSINESS
August 12, 2013 | By Andrew Tangel and Walter Hamilton
NEW YORK - New York's attorney general has accused an Anaheim lender of illegally charging triple-digit interest rates on personal loans, then hounding borrowers to collect payments when they inevitably fell behind. The lawsuit, filed late Monday, alleges that CashCall Inc., a decade-old Internet lender well known from its ubiquitous advertising, charged as much as 355% in interest, far exceeding New York's civil and criminal usury limits of 16% and 25%, respectively. Also named as defendants are WS Funding, a CashCall subsidiary, and Western Sky Financial in South Dakota, as well as their owners, J. Paul Reddam of CashCall and Martin Webb of Western Sky. The suit says a person borrowing $1,000 could end up paying nearly $5,000 over two years.
BUSINESS
August 12, 2013 | By Andrew Tangel
NEW YORK -- New York's top law enforcement official has accused an Orange County-based lender of scamming borrowers out of "millions of dollars" with high-interest loans. CashCall, which is based in Anaheim, is one of two companies targeted by New York Atty. Gen. Eric Schneiderman for allegedly hitting cash-strapped New Yorkers with interest rates of 89% to 355% on personal loans. Schneiderman's office announced the civil action Monday against CashCall, South Dakota-based Western Sky, an affiliated company and their owners.
BUSINESS
July 8, 2013 | By Jim Puzzanghera
WASHINGTON --Thomson Reuters Corp. said Monday it would suspend the early access it sells to some clients of its twice-monthly consumer confidence index. The company, which conducts the widely watched Survey of Consumers with the University of Michigan, said it made the change at the request of New York State Attorney General Eric T. Schneiderman. His office has been investigating the practice of allowing some high-speed traders to pay to receive the data two seconds before other paying clients.
BUSINESS
June 13, 2013 | By Paresh Dave
Just hours before they were scheduled to meet with representatives from four leading phone manufacturers Thursday, two public officials announced they have lined up support from 40 government leaders and scholars urging phone makers to make devices with antitheft features. Warning about the prevalence of violent robberies involving cellphones, New York Atty. Gen. Eric Schneiderman and San Francisco Dist. Atty. George Gascón have repeatedly called on the tech industry to create phones that would no longer be usable once reported stolen.
BUSINESS
November 20, 2012 | By Alejandro Lazo, This post has been updated. See the note below for details.
New York Atty Gen. Eric T. Schneiderman sued Credit Suisse on Tuesday,  accusing the Swiss Bank  of systematically misleading investors who bought the firm's mortgage-backed securities during the housing boom. The lawsuit was brought in New York State Supreme Court on Tuesday under the state's powerful Martin Act. The case is the latest to stem from a working group of state and federal regulators created earlier this year by President Obama investigating the role that large financial institutions played in creating the financial crisis.
CALIFORNIA | LOCAL
December 7, 1990 | KRISTINA LINDGREN, TIMES STAFF WRITER
Former UC Irvine dean Howard A. Schneiderman, a top executive for the Monsanto Co. who is credited with building the university's nationally respected School of Biological Sciences, has died after a lengthy battle with leukemia, university officials said Thursday. Schneiderman died Wednesday night at Barnes Hospital in St. Louis. He was 63. "Howard was one of the greatest scientists we've ever had here," said William Parker, assistant executive vice chancellor at UCI.
BUSINESS
January 25, 2012 | By Jim Puzzanghera, This post has been corrected, as indicated below
New York Atty. Gen. Eric Schneiderman, who was tapped by President Obama to co-chair a new state and federal mortgage crisis unit, promised Wednesday to move aggressively to coordinate investigations into the causes of the subprime mortgage market meltdown. "We're undertaking a more coordinated effort to pull together all of the various strands of investigations relating to the conduct that created the mortgage-backed securities bubble and led to the market crash," Schneiderman told reporters in Washington after an event at the Consumer Financial Protection Bureau.
BUSINESS
January 25, 2012 | By Jim Puzzanghera, This post has been corrected, as indicated below
New York Atty. Gen. Eric Schneiderman, who was tapped by President Obama to co-chair a new state and federal mortgage crisis unit, promised Wednesday to move aggressively to coordinate investigations into the causes of the subprime mortgage market meltdown. "We're undertaking a more coordinated effort to pull together all of the various strands of investigations relating to the conduct that created the mortgage-backed securities bubble and led to the market crash," Schneiderman told reporters in Washington after an event at the Consumer Financial Protection Bureau.
BOOKS
February 25, 1996 | Jackson Lears, Jackson Lears is the author, most recently, of "Fables of Abundance: A Cultural History of Advertising in America," which won the 1995 Los Angeles Times Book Award for history
America is awash in guilt. On the talk show circuit, among the celebrated and the obscure, pseudo self-awareness is the order of the day. Best-selling authors reveal unspeakable crimes ranging from drug abuse to sex addiction. The pop-folk singer Loudun Wainwright has recently promoted a new CD full of songs that recount his many failures as a husband and father andwinning applause for his "painfully honest" lyrics--without a hint that he plans to alter his behavior.
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