#consumer-protection

#consumer-protection

The CFPB is suing Capital One for misleading consumers about its high-interest savings accounts, resulting in over $2 billion in lost interest payments.

Households can significantly increase interest earnings by switching to high-yield savings accounts.

Mainstream banks offer minimal interest, capitalizing on customer inertia against switching accounts.

Rohit Chopra was fired as director of the CFPB amid concerns of regulatory overreach, reflecting ongoing conflicts between consumer protection and industry interests.

Wise ordered to pay $2.5M for misleading fees and remittance practices in U.S.

Rohit Chopra's tenure as director of the CFPB ended abruptly due to a presidential decision, emphasizing the agency's vulnerable independence.

Shein is under EU investigation for potential violations of consumer protection rules amidst rising concerns over cheap imports.

Small businesses are struggling to comply with new EU product safety regulations, halting sales in the EU and Northern Ireland.

The unexpected implementation of the GPSR has caught many businesses off guard.

Rohit Chopra was fired as CFPB director, a role he held since 2021 under President Biden.

Block is fined $175 million for inadequate handling of fraud claims on Cash App, highlighting regulatory concerns in digital payment systems.

CFPB is suing Capital One for failing to pay over $2 billion in interest to customers, alleging deceptive marketing of savings accounts.

Scott Bessent has been appointed acting director of the CFPB, indicating a shift towards a business-friendly regulatory approach.

Trump's removal of Rohit Chopra emphasizes a shift in regulatory policy at the CFPB.

Capital One is being sued for misleading consumers about high-interest savings accounts, allegedly causing over $2 billion in lost interest payments.

U.S. Rep. Sarah McBride introduces bipartisan legislation targeting credit repair scams to protect vulnerable consumers from predatory practices.

The bill S2559 aims to protect seniors by mandating clear information on reverse mortgages before loan closings.

Connecticut's proposed sports betting bills aim to expand betting options, including college games, while addressing errors and market structures effectively.

Italy is introducing a draft law requiring ID verification for online reviews to combat fake reviews and protect the tourism sector.

Ticketmaster UK defends its pricing strategy, stating that prices are determined by event organizers, not fluctuated during sales.

The government is introducing measures to cap resale ticket prices to protect consumers from inflated costs.

Cash App has faced scrutiny for making it difficult for users to recover funds from fraudulent transactions.

The U.S. has a more lenient approach to regulating food additives than Europe, allowing certain ingredients banned in Europe to remain in American foods.

Businesses must navigate increased enforcement and regulatory scrutiny under the Trump administration, especially from the FTC on marketing practices.

Targeted marketing by gambling companies can exploit vulnerable individuals, leading to dire consequences.

Recent legal rulings challenge the legality of such marketing practices, especially towards at-risk gamblers.

Gambling companies in Britain may need to change advertising practices following a ruling against unlawful targeting of vulnerable gamblers.

The FCC has implemented stricter rules to enhance compliance among voice service providers to mitigate robocalls and protect consumers.

Americans are overwhelmed by robocalls, with solutions emerging to effectively combat these scams.

Innovative AI tools have been developed to waste scammers' time and protect consumers.

The 11th U.S. Circuit Court has vacated a rule aimed at reducing telemarketing robocalls after finding the FCC had exceeded its authority.

Google will crack down on fake reviews in the UK, implementing stricter measures against businesses using them.

Google will implement tougher measures against fake reviews, including banning repeat offenders and penalizing businesses that engage in fraudulent practices.

Italy's government is taking steps to combat fake online reviews affecting hospitality businesses.

Google is enhancing measures against fake reviews in the UK to safeguard consumer trust and penalize fraudulent practices.

Apple faces a lawsuit over Watch bands allegedly containing high levels of toxic 'forever chemicals' linked to cancer risks.

Apple faces a lawsuit alleging false advertising due to toxic 'forever' chemicals in Apple Watch bands, contradicting claims of safety.

AI technology is evolving quickly, often outpacing regulatory measures, leading to increased susceptibility to scams.

The APA is urging the FTC to investigate deceptive practices by chatbot companies, particularly regarding their use with minors.

MiCA establishes a comprehensive regulatory framework for cryptocurrencies in the EU, focusing on transparency and consumer protection.

The FTC settlement protects GM owners by banning the sale of their vehicle data to credit agencies for five years.

HoYoverse has been fined $20 million for deceiving players regarding loot box odds and costs, particularly impacting children and teens.

The FTC is refunding over $1 million to consumers misled by false marketing of face masks during the pandemic.

Citi is being sued for failing to protect customers from fraud and misleading them about reimbursement rights.

New York AG Letitia James sues 1StopBedrooms for deceptive practices that defrauded consumers with excessive fees and misleading return policies.

A network of scammers exploited remote work opportunities to defraud victims out of cryptocurrency, predominantly affecting New Yorkers.

1StopBedrooms faces a lawsuit for deceptive practices, including false shipping claims and unfair cancellation fees.

Cash App faces $255 million in settlements over consumer protection violations and inadequate security measures.

Block has been fined $130 million due to inadequate customer service and violations of consumer protection laws.

California's price gouging laws activated during emergencies prevent excessive price increases, ensuring consumer protection during disasters.

California is investigating price-gouging related to wildfires, reinforcing laws to prevent unjust price hikes and holding offenders accountable.

Washington state is suing T-Mobile for serious cybersecurity negligence causing a massive data breach affecting 79 million people.

The suit highlights T-Mobile's failure to notify impacted customers adequately and to fix known vulnerabilities.

Texas Attorney General Ken Paxton sues Allstate for allegedly collecting telematics data without driver consent, violating consumer protection laws.

The settlement of Fubo's lawsuit raises ongoing concerns about antitrust violations in sports television and impacts competitors' strategies.

SIM-swap fraud cases have significantly risen, posing a serious risk to mobile phone users.

Victims of SIM-swap fraud can lose large sums of money quickly and feel traumatized. The scam is alarmingly easy to execute.

Rural residents face unique scam vulnerabilities due to online reliance and fewer resources.

Limited research exists on scams in rural communities relative to urban areas.

Older adults in rural areas experience higher scam losses, necessitating targeted interventions.

CFPB proposes protections for Roblox users against scams; seeks input from players on challenges faced.

Scammers exploit the UK digital phone switchover to trick consumers into revealing personal and payment details.

Credit cards provide better security and consumer protection compared to debit cards, but users must also take steps to safeguard their information.

Three insurance companies must pay $165 million for misleading consumers and violating regulations under the Massachusetts Consumer Protection Act.

Scammers exploited job seekers, stealing millions in cryptocurrency through false advertising of remote work opportunities.