Ed's Blog

FTC settles claim with Rx monopolist CVS Caremark

By | Ed Mierzwinski
Consumer Program Director

Last week, the Federal Trade Commission announced (news release) that CVS Caremark Corporation (pdf of the complaint) will "pay $5 million to settle Federal Trade Commission charges that it misrepresented the prices of certain Medicare Part D prescription drugs – including drugs used to treat breast cancer symptoms and epilepsy – at CVS and Walgreens pharmacies."

WSJ: Bank of America Ponders Retreat

By | Ed Mierzwinski
Consumer Program Director

Today's Wall Street Journal offers the story "Bank of America Ponders Retreat." It discusses a BofA emergency plan for retrenchment that would include further branch shrinkage than currently-expected reductions.

Justice Department: Recess appointments to CFPB, NLRB were legal

By | Ed Mierzwinski
Consumer Program Director

Here's a link to a Reuters story that links to the Justice Department memo that confirms the president's legal authority to do last week's recess appointments of Rich Cordray to head the CFPB and three others to sit on the NLRB.

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