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Senate Commerce to vote to restore FTC power to compensate victims of...
Last year, the Supreme Court eliminated the FTC's key authority to disgorge ill-gotten gains from corporate wrongdoers and use the money to compensate their victims. It was an unfortunate decision that...
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FTC consumer chief calls industry's false privacy choices "coercion"
Wow. The FTC's consumer chief gave a powerful speech this week that essentially said "privacy notice and choice" are not enough in a surveillance-based economy. "When we’re expecting consumers to have...
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UPDATE: Apple Launches BNPL Product: Apple Pay Later
Apple is joining the parade of competitors in the more and more crowded "Buy Now, Pay Later" space, with its version of "pay in four," called Apple Pay Later.6/7/2022Ed MierzwinskiEd MierzwinskiSenior...
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CFPB wants public input on big bank obstacle course to get customer service
CFPB director Rohit Chopra today announced a request for information about your experiences with your bank. “Customers of large banks should not have to run through an obstacle course to get a straight...
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UPDATE: More on alleged Zelle app fraud in NYTimes
The NYTimes reports that "When Customers Say Their Money Was Stolen on Zelle, Banks Often Refuse to Pay." We did a report last year on consumer complaints about Zelle and similar apps.6/20/2022Ed...
View ArticleBank, Credit Union and Consumer Groups Applaud Vote to Close ILC Loophole
For immediate release Thursday, June 23, 2022Ed MierzwinskiWashington, D.C. – The U.S. House Committee on Financial Services convened today to mark up a series of proposed laws, including a bill to...
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As the summer of airline delays and cancellations peaks, DOT considers better...
As passengers swelter through a summer of airline delays and cancellations, the U.S. Department of Transportation asked U.S. PIRG to present on whether requiring airlines to provide more information...
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Update: Celebrate the President's Executive Order on Competition
One year ago, President Biden signed an executive order promoting competition and opposing practices of powerful special interests that raise prices for consumers, impede innovation, prevent nascent...
View ArticleNew list: Approaching 11th anniversary, top 11 actions CFPB recently took...
For Immediate Release Tuesday, July 19, 2022Mike LittNew director Rohit Chopra, reversing CFPB course from Trump years, protects consumers, draws industry smear campaignWASHINGTON -- As the Consumer...
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Update: Big Pharma's Teva To Settle In Opioid Crisis
Teva is the latest pharmaceutical manufacturer or distributor to reach a tentative settlement with states, tribes and other jurisdictions for its role in the long-running opioid crisis, which was...
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