In what appears to be the final word on the matter, a district court in California has ruled against post-trial motions by Nationwide Biweekly Administration, challenging the civil penalty and injunction levied against it in a case brought by the Consumer Financial Protection Bureau.
The decision means the company will be enjoined from certain practices in how it uses competitive advertising and be forced to pay $7.93 million.
The district judge swiftly set aside Nationwide’s motions under Rules 59 and 60 of the Federal Rules of Civil Procedure. Read on for details of the decision.
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