#consumer-protection

#consumer-protection

The CFPB plans to cut 90% of its staff, impacting its ability to enforce consumer protection laws.

CFPB workforce drastically reduced by 90% to about 200 employees.

New priorities shift focus from consumer protection to mortgages; critical areas neglected.

The Trump administration has removed the cap on late fees that credit card companies can charge, reversing a previous consumer protection rule.

CFPB will deprioritize student loans and medical debt supervision to focus on consumer harm mitigation.

The Consumer Financial Protection Bureau has drastically reduced its workforce by 90%, impacting its ability to protect consumers.

The FTC is suing Uber for allegedly deceiving consumers in their Uber One subscription process.

New York AG Letitia James is suing DailyPay and MoneyLion for allegedly offering illegal, high-interest loans disguised as earned wage access.

Baltimore has sued DraftKings and FanDuel, alleging they exploit vulnerable gamblers through deceptive practices and promotions.

Revolve faces a $50-million lawsuit for allegedly misleading consumers through undisclosed influencer endorsements.

The FTC is suing Uber for unauthorized charges related to its subscription service Uber One.

Nike faces a lawsuit from NFT buyers after ending RTFKT operations, who claim they were misled regarding the nature of their purchases.

Fraudulent purchases on a Redditor's credit card led to complex identity theft issues when iPhones were delivered to their home.

Scambaiting is on the rise as a response to increased sophisticated scams, allowing individuals to combat scammers directly.

UK police are urged to strengthen responses to growing fraud crime amid increasing reports and a call for more resources.

Fraud is perceived as a 'penalty-free' crime, necessitating heightened law enforcement and accountability measures from companies.

Beware of ads promising unrealistic financial benefits; they may be scams designed to harvest personal information.

Fake banking apps are being used for scams, leading to significant financial loss for victims.

A couple lost $23,000 to a vanished travel agency before their celebratory European cruise.

Apple's AI marketing claims have been criticized for being misleading regarding the actual availability of features.

The Better Business Bureau has advised Apple to adjust its marketing to avoid misrepresentation.

African Bank was fined R700,000 for misleading advertising promoting a loan as an investment product.

Influencers must declare content as commercial if they receive benefits from brands.

Use of hashtags like #ad or #gift is essential for clear disclosure in promotions.

Apple modified its advertising after NAD inquiry over misleading claims about feature availability.

Kakao Entertainment fined for misleading consumers through undisclosed promotional content in social media.

New consumer protection laws in the UK eliminate hidden fees and fake reviews, enhancing online shopping transparency and trust.

Airbnb will now display total prices for stays, inclusive of all fees, in line with FTC regulations taking effect soon.

Nestlé USA recalls select frozen meals due to potential wood contamination, ensuring consumer safety.

Casely wireless phone chargers recalled over fire hazard concerns.

Consumers advised to stop using affected chargers immediately.

Casely recalls 429,000 portable power banks due to lithium-ion battery overheating risks.

Dunnes Stores is recalling baby socks after a safety incident where a thread caused injury to a child.

Dunnes Stores recalled baby socks after a safety incident involving a loose thread causing an injury to a child.

The UK has banned hidden fees in online shopping and fake reviews to protect consumers.

The Video Privacy Protection Act, initially aimed at protecting rental histories, is now criticized for hindering legitimate marketing efforts and stifling innovation.

Mortgage trade groups advocate for consumer protections against unsolicited credit solicitations through proposed legislation.

Senate Bill S.1194-A mandates 45 days' notice for rate increases by utility corporations to improve transparency and protect consumers.

Insurance provides stability but faces challenges from fraud that raises consumer costs and undermines safety.

Over 95% of sponsored influencer posts on Twitter are not disclosed.

Younger brands are less likely to disclose their influencer sponsorships.

Many consumers struggle to identify sponsorship arrangements without disclosures.

California lawmakers are introducing bills to regulate AI pricing practices that exploit personal information.

Michigan is actively targeting unlicensed online gaming operators to protect residents from financial and personal risks.

Builder Gary Roberts was sentenced for defrauding a homeowner by taking payments for unfinished work and leaving her house in disrepair.

Robocalls surged due to an extra three days in March, totaling over 4.8 billion calls, a worrying increase in consumer annoyance.

AT&T is the first carrier to apply for a technology transition discontinuance based on its own replacement service, under new FCC guidelines.

Brendan Carr prioritizes political harassment over consumer protection in his role as FCC head.

Trump's executive order aims to reform the concert ticket industry to protect fans from ticket scalping and improve transparency.

Trump signs executive order to combat ticket scalping and enhance price transparency in live events.

23andMe has filed for bankruptcy, risking customer genetic data use without consent.

23andMe has filed for Chapter 11 bankruptcy, prompting customers to consider deleting their genetic data for privacy.