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Watchdog Calls for Investigation Of Congress Members Benefiting From Payday Lending Industry

The watchdog organization Campaign for Accountability (CfA) has asked the Office of Congressional Ethics to investigate 11 members of Congress who allegedly accepted financial contributions from the payday lending industry just before, and in some cases right after, taking official actions that benefit the industry but harm the consumer. Payday lenders are notorious for predatory lending practices that take advantage of low-income individuals and families by charging extremely high interest rates on loans, then compounding the debt by rolling fees and higher interest for late payments into new loans, trapping millions of workers in a cycle of debt from which ... Read More

DePuy bribed Greek authorities for sales rights and contracts

An international division of DePuy Orthodpaedics Inc. has agreed to pay $7.9 million (£4.8 million) plus prosecution costs to settle a U.K. probe of illegal activities the company allegedly conducted in Greece. The investigation, led by the Serious Fraud Office (SFO), found that DePuy International Ltd., based in Leeds, U.K., engaged in “unlawful conduct relating to the sale of orthopaedic products in Greece between 1998 and 2006.” DePuy International Ltd. is a division of DePuy Orthopaedics, Inc. of Warsaw, Indiana, which is owned by parent company Johnson & Johnson. The SFO investigation probed allegations that DePuy executives bribed officials in ... Read More