Tag #Consumer Protection

Showing 157 to 168 of 410 results

sueddeutsche.de

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Apr 28, 04:12

German Bank Deposit Insurance: Up to €440,000 Protection

German law protects bank deposits up to €100,000 per customer per bank, rising to €200,000 for joint accounts; additional voluntary insurance can extend this to approximately €440,000. In case of insolvency, funds are repaid within seven business days.

German Bank Deposit Insurance: Up to €440,000 Protection

German law protects bank deposits up to €100,000 per customer per bank, rising to €200,000 for joint accounts; additional voluntary insurance can extend this to approximately €440,000. In case of insolvency, funds are repaid within seven business days.

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How does the German deposit insurance system function, and what are the roles of different organizations involved?

The German Einlagensicherung (deposit insurance) system protects bank customers from losses in case of bank insolvency. Private banks often have additional voluntary insurance, increasing protection significantly. This system ensures that depositors receive their funds within seven business days of a bank's insolvency.

bbc.com

🌐 85% Global Worthiness

Apr 22, 04:08

FTC Sues Uber Over Deceptive Billing Practices

The US Federal Trade Commission (FTC) filed a lawsuit against Uber on Monday, accusing the company of deceptive billing and cancellation practices related to its Uber One subscription service, alleging unauthorized charges and difficult cancellations; Uber denies the allegations.

FTC Sues Uber Over Deceptive Billing Practices

The US Federal Trade Commission (FTC) filed a lawsuit against Uber on Monday, accusing the company of deceptive billing and cancellation practices related to its Uber One subscription service, alleging unauthorized charges and difficult cancellations; Uber denies the allegations.

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What are the immediate implications of the FTC's lawsuit against Uber for consumers and the ride-sharing industry?

The US Federal Trade Commission (FTC) sued Uber for deceptive billing and cancellation practices, alleging unauthorized charges for its Uber One subscription and difficult cancellation processes. Uber denies these allegations, claiming cancellations are now easy and subscriptions are not imposed without consent. The FTC's lawsuit is the first against a major US tech company since President Trump's second term began.

dw.com

🌐 85% Global Worthiness

Apr 20, 13:14

Tesla Faces Class-Action Lawsuit Over Alleged Odometer Manipulation

A US class-action lawsuit claims Tesla inflates odometer readings, causing premature warranty expirations and high repair bills for over a million vehicles; Tesla denies the allegations.

Tesla Faces Class-Action Lawsuit Over Alleged Odometer Manipulation

A US class-action lawsuit claims Tesla inflates odometer readings, causing premature warranty expirations and high repair bills for over a million vehicles; Tesla denies the allegations.

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What are the immediate financial and legal consequences for Tesla if the class-action lawsuit alleging odometer manipulation is successful?

A class-action lawsuit against Tesla alleges that the company manipulates vehicle odometer readings to increase repair revenue and reduce warranty obligations. One plaintiff reports a discrepancy of at least 15 miles per reported mile, resulting in premature warranty expiration and significant repair costs. The lawsuit potentially impacts over one million vehicles.

us.cnn.com

🌐 85% Global Worthiness

Apr 19, 01:13

Judge Blocks Trump Administration's CFPB Layoffs

A federal judge halted the Trump administration's planned layoff of nearly 1,500 CFPB employees, pending an April 28th hearing to determine if the firings violated court orders protecting the agency from dismantling; the judge cited concerns that the layoffs interfered with the agency's statutory ob...

Judge Blocks Trump Administration's CFPB Layoffs

A federal judge halted the Trump administration's planned layoff of nearly 1,500 CFPB employees, pending an April 28th hearing to determine if the firings violated court orders protecting the agency from dismantling; the judge cited concerns that the layoffs interfered with the agency's statutory ob...

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Decent Work and Economic Growth

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What immediate impact does the judge's decision have on the planned CFPB layoffs?

A federal judge temporarily blocked the Trump administration's plan to lay off nearly 1,500 employees at the Consumer Financial Protection Bureau (CFPB), citing potential violation of a court order. The judge scheduled an evidentiary hearing for April 28th to investigate the matter, ordering the administration to provide relevant internal documents. Until then, the layoffs are on hold.

bbc.com

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Apr 18, 19:19

Widower Loses £85,000 to Romance Scam, Blames Banks

A 69-year-old Suffolk widower, Rodrick Lodge, lost £85,000 to a romance scam, leaving him homeless; he blames his banks for insufficient protection despite warnings, highlighting the rising problem of romance fraud in the UK and prompting calls for stronger banking measures.

Widower Loses £85,000 to Romance Scam, Blames Banks

A 69-year-old Suffolk widower, Rodrick Lodge, lost £85,000 to a romance scam, leaving him homeless; he blames his banks for insufficient protection despite warnings, highlighting the rising problem of romance fraud in the UK and prompting calls for stronger banking measures.

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How do the rising statistics of romance fraud cases in the UK (nearly 60% increase in four years) highlight systemic failures in protecting vulnerable individuals?

The sharp increase in romance fraud cases—almost 60% over four years, reaching 7,660 in 2023 in England and Wales—highlights the vulnerability of individuals to online scams. Mr. Lodge's case exemplifies the devastating consequences, including financial ruin and homelessness. Banks, while claiming to prioritize fraud prevention, face criticism for inadequate safeguards.

dw.com

🌐 85% Global Worthiness

Apr 16, 22:13

4,137 Dangerous Product Alerts in EU in 2024: Cosmetics and Toys Top List

The European Commission received 4,137 safety alerts in 2024 regarding dangerous non-food products, with cosmetics (36%) and toys (15%) being the most frequent, mainly due to banned chemicals; many originated in China, prompting the EU to strengthen dialogue with Chinese authorities and companies to...

4,137 Dangerous Product Alerts in EU in 2024: Cosmetics and Toys Top List

The European Commission received 4,137 safety alerts in 2024 regarding dangerous non-food products, with cosmetics (36%) and toys (15%) being the most frequent, mainly due to banned chemicals; many originated in China, prompting the EU to strengthen dialogue with Chinese authorities and companies to...

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Good Health and Well-being

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What is the primary source of the majority of harmful non-cosmetic products reported, and what role do online retailers play in this issue?

Dangerous chemicals, particularly in cosmetics and toys, were the primary concern, comprising almost half of all reported alerts. The high number of alerts from China-sourced products (excluding cosmetics) highlights the role of online retailers like Shein and Temu in distributing these items. This suggests a significant challenge in monitoring and regulating the global supply chain.

dailymail.co.uk

🌐 75% Global Worthiness

Apr 25, 01:16

Balkan Holidays Closes, Canceling Bookings Amid UK Travel Agency Decline

Balkan Holidays, a UK travel agency operating for almost 60 years, ceased trading on April 24th, 2025, canceling all future bookings; customers must contact the company or their travel agent for refunds, reflecting a wider trend of travel agency closures.

Balkan Holidays Closes, Canceling Bookings Amid UK Travel Agency Decline

Balkan Holidays, a UK travel agency operating for almost 60 years, ceased trading on April 24th, 2025, canceling all future bookings; customers must contact the company or their travel agent for refunds, reflecting a wider trend of travel agency closures.

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No Poverty

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What is the immediate impact of Balkan Holidays' closure on its customers and the broader travel industry?

Balkan Holidays, a British travel company operating for nearly 60 years, ceased trading on April 24th, 2025, canceling all future bookings. Customers with direct bookings will receive full refunds, while those who booked through third parties must contact their travel agent. Refunds will be processed based on departure date.

cnn.com

🌐 85% Global Worthiness

Apr 22, 01:12

FTC Sues Uber Over Deceptive Uber One Subscription Practices

The Federal Trade Commission sued Uber on Monday for allegedly deceptive billing and cancellation practices in its Uber One subscription service, including unauthorized charges and unnecessarily difficult cancellations, violating the FTC Act and the Restore Online Shoppers' Confidence Act.

FTC Sues Uber Over Deceptive Uber One Subscription Practices

The Federal Trade Commission sued Uber on Monday for allegedly deceptive billing and cancellation practices in its Uber One subscription service, including unauthorized charges and unnecessarily difficult cancellations, violating the FTC Act and the Restore Online Shoppers' Confidence Act.

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What are the key allegations against Uber in the FTC lawsuit, and what are the immediate consequences for Uber and consumers?

The FTC sued Uber for allegedly deceptive billing and cancellation practices in its Uber One subscription service, claiming unauthorized charges and difficult cancellations despite "cancel anytime" marketing. Uber denies these claims, citing a rushed investigation and misunderstandings, asserting clear and simple processes. The lawsuit alleges violations of the FTC Act and the Restore Online Shoppers' Confidence Act.

lefigaro.fr

🌐 85% Global Worthiness

Apr 19, 22:09

Tesla Faces Class-Action Lawsuit Over Alleged Odometer Manipulation

A California class-action lawsuit claims Tesla manipulated odometer readings in over one million vehicles to void warranties, causing drivers like Nyree Hinton to pay for expensive repairs, such as a $10,000 suspension fix; Tesla denies the allegations.

Tesla Faces Class-Action Lawsuit Over Alleged Odometer Manipulation

A California class-action lawsuit claims Tesla manipulated odometer readings in over one million vehicles to void warranties, causing drivers like Nyree Hinton to pay for expensive repairs, such as a $10,000 suspension fix; Tesla denies the allegations.

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How does Tesla's alleged use of "predictive algorithms" to calculate mileage impact consumers and the warranty process?

The lawsuit alleges Tesla's odometer system uses "predictive algorithms," "energy consumption measurements," and "driver behavior" instead of mechanical methods, artificially inflating mileage. This manipulation, the suit claims, increases Tesla's repair revenue and reduces warranty obligations, resulting in financial gain at the expense of consumers. Similar reports from other Tesla owners support the claim of unexplained mileage increases.

theglobeandmail.com

🌐 85% Global Worthiness

Apr 18, 22:10

Judge Blocks Trump's Plan to Slash CFPB Workforce

A federal judge on Friday issued a temporary restraining order halting President Trump's plan to lay off approximately 1,500 employees at the Consumer Financial Protection Bureau (CFPB), citing concerns about violating a previous court order, leaving the bureau's future in limbo.

Judge Blocks Trump's Plan to Slash CFPB Workforce

A federal judge on Friday issued a temporary restraining order halting President Trump's plan to lay off approximately 1,500 employees at the Consumer Financial Protection Bureau (CFPB), citing concerns about violating a previous court order, leaving the bureau's future in limbo.

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What are the arguments for and against the Trump administration's plan to downsize the CFPB, and what broader context explains this conflict?

The judge's decision stems from a lawsuit filed by an employee union aiming to protect the CFPB. The Trump administration argues the CFPB has overstepped its authority and needs a smaller mission, while the union and the judge express concerns about the legality and potential consequences of the mass layoffs. This conflict highlights broader tensions between the Trump administration and federal agencies.

theglobeandmail.com

🌐 85% Global Worthiness

Apr 18, 04:09

CFPB to Fire 90% of Workforce Amidst Legal Challenges

The U.S. Consumer Financial Protection Bureau (CFPB) announced plans to fire roughly 1500 employees, retaining only 200, following a court ruling that granted the Trump administration more control over its staffing levels, despite legal challenges claiming the action is unlawful and jeopardizes the ...

CFPB to Fire 90% of Workforce Amidst Legal Challenges

The U.S. Consumer Financial Protection Bureau (CFPB) announced plans to fire roughly 1500 employees, retaining only 200, following a court ruling that granted the Trump administration more control over its staffing levels, despite legal challenges claiming the action is unlawful and jeopardizes the ...

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What is the immediate impact of the CFPB's planned dismissal of 90% of its workforce?

The Consumer Financial Protection Bureau (CFPB) plans to dismiss 90% of its workforce, reducing staff from roughly 1700 to 200. This follows a federal court ruling granting the Trump administration more control over staffing levels, and comes amidst legal challenges from employee unions and consumer advocates who argue the firings are illegal and jeopardize the agency's functions. The firings are set to take effect within 60 days, with immediate loss of IT access for affected employees.

dailymail.co.uk

🌐 85% Global Worthiness

Apr 15, 22:17

Judge Overturns $8 Credit Card Late Fee Cap

A federal judge overturned a Consumer Financial Protection Bureau rule capping credit card late fees at $8, citing violation of the Credit CARD Act of 2009; this decision, following a lawsuit by banking groups, allows for higher fees potentially impacting consumers.

Judge Overturns $8 Credit Card Late Fee Cap

A federal judge overturned a Consumer Financial Protection Bureau rule capping credit card late fees at $8, citing violation of the Credit CARD Act of 2009; this decision, following a lawsuit by banking groups, allows for higher fees potentially impacting consumers.

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What are the immediate consequences of the overturned $8 credit card late fee cap?

A federal judge overturned a Biden-era rule capping credit card late fees at $8, deeming it illegal. This decision, granted on Tuesday, allows banks to charge higher fees, potentially impacting consumers. The average late fee before the cap was $32.

Showing 157 to 168 of 410 results