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Eric Schneiderman

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Officials Want 'Kill Switch' on Smartphones to Deter Theft

Smartphone makers should develop a "kill switch" that would disable a stolen mobile device in order to deter theft, according to a group of the nation's prosecutors and law-enforcement officials.New York State Attorney General Eric Schneiderman and San Francisco District Attorney George Gascon are leading the effort to push the cell phone industry to tame an epidemic of mobile theft.The group, which also includes an array of state prosecutors, city officials and police chiefs from around the country, promised to analyze "how the economics of device theft have affected decision-making by the smartphone industry" and said it would investigate impropriety by manufacturers where appropriate.In an attempt to ratchet up pressure further, the group also is working with state and city comptrollers, who steer the investments of major pension funds.As part of the effort, New York Comptroller Thomas DiNapoli is urging tech companies Apple Inc. (AAPL), Samsung Electronics Co. Ltd. (SSNHY, 005930.S...

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  1. Exclusive: NY attorney general says more evidence banks violated mortgage pact

    New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a set...

  2. JPMorgan, under pressure, gives polling information to investors

    JPMorgan Chase & Co , under pressure from the New York Attorney General's office, has agreed to give investors information about upcoming ballot votes, after the com...

  3. NY AG Probes Fast Food Pay Practices

    The New York attorney general's office on Thursday said it was investigating allegations that fast-food operators in the state are underpaying workers in violation o...

  4. BofA fires back at New York over modification violations

    Bank of America Corp has fired back at New York Attorney General Eric Schneiderman after he threatened to sue the bank for violating the terms of a $25 billion settl...

  5. BofA Lawyers Tell N.Y. AG He Has No Rights to Sue

    Bank of America Corp. (BAC) is pushing back against New York Attorney General Eric Schneiderman, who threatened to sue the bank over alleged violations of last year'...

  6. Will NY Drop Charges Against BofA?

    Last month, New York Attorney General Eric Schneiderman withdrew claims for up to $6 billion in damages against former AIG <AIG.N> chief Hank Greenberg. Now, another...

  7. Analysis: New York may have to drop claims against BofA over Merrill

    Last month, New York Attorney General Eric Schneiderman withdrew claims for up to $6 billion in damages against former AIG chief Hank Greenberg. Now, another big cas...

  8. BofA sells $110 billion CMBS servicing rights portfolio to KeyBank

    Bank of America Corp will sell a commercial mortgage servicing rights portfolio valued at around $110 billion to a KeyCorp unit for an undisclosed amount, the latest...

  9. BofA Executive Compensation Proxy Approved

    Bank of America Corp. (BAC) shareholders on Wednesday approved a nonbinding proxy proposal on the bank's executive compensation and backed the entire slate of direct...

  10. NY AG Says Office May Sue BofA, Wells Fargo Over Mortgage Settlement

    New York Attorney General Eric Schneiderman said Monday his office may sue Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC) "within a matter of weeks" for all...

  11. MBIA, Bank of America Settle Dispute

    Bank of America Corp. (BAC) agreed to pay MBIA Inc. (MBI) $1.7 billion to settle a dispute over faulty mortgage securities issued during the U.S. housing boom, elimi...

  12. BofA Responds to N.Y. Attorney General

    Bank of America Corp. (BAC) said it will work quickly to address mortgage-borrower problems that New York Attorney General Eric Schneiderman alleged Monday."Attorney...

  1. NY Attorney General Sues HSBC Over Foreclosures

    HSBC Holdings PLC (NYSE: HBC) was accused in a lawsuit filed Tuesday by the state of New York of ignoring state laws that help financially strapped homeowners negoti...

  2. GE settles with N.Y. over high-rate healthcare credit card

    General Electric Co has reached a settlement with New York's attorney general to end a probe into whether consumers were pressured into using a health care credit ca...

  3. NY State Lawyer: Ex-AIG Chief Should Still Face Trial

    Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American International Group, even though New York ...

  4. Ex-AIG chief Greenberg should still face trial: NY state lawyer

    Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American International Group , even though New York...

  5. Ex-AIG chief Greenberg seeks dismissal of case against him

    New York's highest court will hear arguments on Tuesday on whether to dismiss a lawsuit accusing Hank Greenberg of orchestrating sham transactions when he was head o...

  6. Ex-AIG Chief Seeks Dismissal of Case Against Him

    New York's highest court will hear arguments on Tuesday on whether to dismiss a lawsuit accusing Hank Greenberg of orchestrating sham transactions when he was head o...

  7. New York Sees More Mortgage Violations: Report

    New York Attorney General Eric Schneiderman said there is mounting evidence that banks have violated the terms of a settlement designed to end mortgage servicing abu...

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