Tag #Consumer Protection

Showing 205 to 216 of 410 results

cbsnews.com

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Mar 21, 04:08

Bitcoin ATM Scams Surge, Targeting Older Adults

An 80-year-old Texas man lost \$5,000 to a bitcoin ATM scam after a fraudulent call claiming his son was jailed; this highlights a dramatic increase in such scams, impacting older adults disproportionately, due to a lack of regulation in many states.

Bitcoin ATM Scams Surge, Targeting Older Adults

An 80-year-old Texas man lost \$5,000 to a bitcoin ATM scam after a fraudulent call claiming his son was jailed; this highlights a dramatic increase in such scams, impacting older adults disproportionately, due to a lack of regulation in many states.

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What are the immediate financial and personal consequences of Bitcoin ATM scams targeting older adults, and how prevalent is this issue?

Joseph Buentello, 80, lost \$5,000 to a cryptocurrency scam after a caller falsely claimed his son was jailed. The scammer directed him to a Bitcoin ATM, where the money was immediately transferred and irretrievable. This highlights the vulnerability of older adults to such scams.

taz.de

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Mar 20, 01:12

DUH Sues Five Companies for Greenwashing

The German environmental association DUH is suing Coty, Deichmann, Tchibo, Toom, and L'Oreal for false advertising of their products as environmentally friendly, aiming to stop greenwashing and increase transparency in corporate environmental claims.

DUH Sues Five Companies for Greenwashing

The German environmental association DUH is suing Coty, Deichmann, Tchibo, Toom, and L'Oreal for false advertising of their products as environmentally friendly, aiming to stop greenwashing and increase transparency in corporate environmental claims.

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Responsible Consumption and Production

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What broader trends in consumer behavior and corporate marketing practices does this lawsuit reflect, and what are the consequences of these trends?

This lawsuit highlights a growing consumer awareness of environmental impact and corporate responses through potentially misleading marketing. The DUH has already confronted around 20 companies with similar accusations, with some agreeing to improved transparency. However, these five companies did not meet the DUH's standards for sufficient change.

us.cnn.com

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Mar 19, 01:12

Trump Fires Two FTC Commissioners, Sparking Legal Challenge

President Donald Trump fired two Federal Trade Commission (FTC) commissioners, Alvaro Bedoya and Rebecca Kelly Slaughter, on Tuesday, who claim their dismissal was illegal, citing statutory and Supreme Court precedent violations. The firings raise concerns about the independence of the FTC, responsi...

Trump Fires Two FTC Commissioners, Sparking Legal Challenge

President Donald Trump fired two Federal Trade Commission (FTC) commissioners, Alvaro Bedoya and Rebecca Kelly Slaughter, on Tuesday, who claim their dismissal was illegal, citing statutory and Supreme Court precedent violations. The firings raise concerns about the independence of the FTC, responsi...

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What are the immediate consequences of President Trump's firing of two FTC commissioners?

President Trump fired two FTC commissioners, Alvaro Bedoya and Rebecca Kelly Slaughter, who both claim the firings were illegal, citing violations of statute and Supreme Court precedent. Bedoya criticized the action, suggesting the president wants an FTC compliant with his interests.

mk.ru

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Mar 18, 16:10

FAS Investigates Russian Food Prices Amidst Inflation

The Russian Federal Antimonopoly Service (FAS) will investigate pricing practices across 29 food categories, including essential goods, following previous unsuccessful attempts to control inflation through voluntary retail mark-up agreements; the FAS is seeking February's average purchase and retail...

FAS Investigates Russian Food Prices Amidst Inflation

The Russian Federal Antimonopoly Service (FAS) will investigate pricing practices across 29 food categories, including essential goods, following previous unsuccessful attempts to control inflation through voluntary retail mark-up agreements; the FAS is seeking February's average purchase and retail...

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Zero Hunger

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What is the immediate impact of the FAS investigation into food pricing on Russian consumers?

The Russian Federal Antimonopoly Service (FAS) will analyze 29 food categories, including essential goods and items like tomatoes, cucumbers, pasta, and cheeses, to investigate pricing practices. The FAS has requested February's average purchase and retail prices. Unfair practices will result in antimonopoly measures.

forbes.com

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Mar 17, 22:12

U.S. Banks Challenge Open Banking, Threatening Consumer Financial Freedom

Major U.S. banks are challenging a 2024 federal rule to restrict consumer access to open banking, limiting use of financial apps by 80% of Americans and potentially harming financial innovation and the U.S.'s global competitiveness.

U.S. Banks Challenge Open Banking, Threatening Consumer Financial Freedom

Major U.S. banks are challenging a 2024 federal rule to restrict consumer access to open banking, limiting use of financial apps by 80% of Americans and potentially harming financial innovation and the U.S.'s global competitiveness.

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How will the major U.S. banks' efforts to restrict open banking impact consumers' financial choices and access to innovative financial services?

Major U.S. banks are increasingly restricting consumer access to financial apps, limiting the use of "open banking" which allows users to connect their accounts to third-party services. This impacts 80% of Americans who use such apps for managing money, potentially hindering financial freedom and innovation.

cnn.com

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Mar 16, 19:14

CFPB Weakening Raises Consumer Protection Concerns

The Trump administration's attempt to weaken the Consumer Financial Protection Bureau (CFPB) has raised concerns about consumer protection, though experts say a repeat of the 2008 financial crisis is unlikely due to stricter regulations. The CFPB has returned $19.7 billion to 195 million consumers.

CFPB Weakening Raises Consumer Protection Concerns

The Trump administration's attempt to weaken the Consumer Financial Protection Bureau (CFPB) has raised concerns about consumer protection, though experts say a repeat of the 2008 financial crisis is unlikely due to stricter regulations. The CFPB has returned $19.7 billion to 195 million consumers.

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What long-term systemic changes could result from a prolonged period of reduced CFPB enforcement?

The long-term impact of the CFPB's weakening remains uncertain. While the likelihood of a full-blown repeat of the 2008 crisis is low due to stronger regulations, the increased risk of consumer exploitation necessitates proactive measures. Consumers must remain vigilant and informed, while lawmakers should consider strengthening complementary oversight mechanisms.

npr.org

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Mar 20, 22:10

Trump Fires Two FTC Commissioners, Sparking Antitrust Concerns

President Trump fired two Democratic FTC commissioners, Alvaro Bedoya and Rebecca Slaughter, without stated cause, raising concerns about illegal actions benefiting wealthy supporters and weakening consumer protection.

Trump Fires Two FTC Commissioners, Sparking Antitrust Concerns

President Trump fired two Democratic FTC commissioners, Alvaro Bedoya and Rebecca Slaughter, without stated cause, raising concerns about illegal actions benefiting wealthy supporters and weakening consumer protection.

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How might the firing of FTC commissioners impact ongoing antitrust and consumer protection lawsuits?

The firings raise concerns about potential corruption and corporate influence on the FTC. Commissioner Bedoya cited ongoing lawsuits against companies like Amazon and his belief that the firings will allow these companies to escape accountability. He also highlighted the lack of reason given for the dismissal and the fact that the agency may now function with a partisan majority.

theguardian.com

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Mar 20, 01:12

Qantas Accused of Misrepresenting EU Study to Oppose Passenger Compensation Bill

Qantas is accused of misrepresenting a 2020 EU study to oppose a proposed Australian passenger compensation bill; the study showed a decrease in airline-caused delays despite an overall increase, indicating the bill's potential effectiveness.

Qantas Accused of Misrepresenting EU Study to Oppose Passenger Compensation Bill

Qantas is accused of misrepresenting a 2020 EU study to oppose a proposed Australian passenger compensation bill; the study showed a decrease in airline-caused delays despite an overall increase, indicating the bill's potential effectiveness.

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How does the EU's compensation scheme impact airline operational decisions and consumer protection?

The core issue is Qantas' selective use of data from a 2020 EU review to argue against the proposed Australian compensation bill. While the total number of delays increased, the proportion of airline-caused delays decreased, indicating the scheme's effectiveness despite Qantas' claims. Consumer groups and the Coalition dispute Qantas' interpretation, highlighting the misleading nature of using raw numbers without considering proportional changes.

euronews.com

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Mar 19, 07:13

EU Commission to Decide on Scrapping AI Liability Rules by August

The European Commission will decide by August whether to permanently drop its proposed AI Liability Directive due to lack of progress, potentially leaving consumers reliant on existing product liability rules and the AI Act while some lawmakers criticize this as a strategic mistake.

EU Commission to Decide on Scrapping AI Liability Rules by August

The European Commission will decide by August whether to permanently drop its proposed AI Liability Directive due to lack of progress, potentially leaving consumers reliant on existing product liability rules and the AI Act while some lawmakers criticize this as a strategic mistake.

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What are the immediate consequences of the European Commission's planned withdrawal of the AI Liability Directive?

The European Commission plans to withdraw its proposed AI Liability Directive by August 2024, citing a lack of foreseeable agreement. This decision impacts consumer redress options for AI-related harm, potentially leaving them reliant on existing product liability rules and the new AI Act.

kathimerini.gr

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Mar 18, 22:10

13,420 Consumer Complaints Filed in Greece in 2024: Rising Prices and Unfair Practices Dominate

The Greek consumer protection association, EKPOIZO, handled 13,420 complaints in 2024, with over 1,000 monthly complaints concerning fraud, high prices, and unfair practices across various sectors, particularly banks, health insurance, and online shopping; rising prices are the dominant issue.

13,420 Consumer Complaints Filed in Greece in 2024: Rising Prices and Unfair Practices Dominate

The Greek consumer protection association, EKPOIZO, handled 13,420 complaints in 2024, with over 1,000 monthly complaints concerning fraud, high prices, and unfair practices across various sectors, particularly banks, health insurance, and online shopping; rising prices are the dominant issue.

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What specific challenges does EKPOIZO face in addressing consumer complaints, and how does this impact resolution times?

Rising prices are the dominant issue across all sectors, prompting many consumers to seek guidance on where to seek help. Complaints regarding expensive health insurance premiums, both for lifetime and annually renewable plans, have notably increased compared to the previous year. Many food price increase complaints are referred to the Ministry of Development due to EKPOIZO's limited resources.

us.cnn.com

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Mar 16, 16:12

Weakened CFPB Raises Concerns of Future Financial Abuses

The Trump administration's efforts to curtail the Consumer Financial Protection Bureau (CFPB)'s operations raise concerns about potential future financial abuses, despite stricter regulations than before the 2008 crisis; the agency delivered $19.7 billion in consumer relief to 195 million people sin...

Weakened CFPB Raises Concerns of Future Financial Abuses

The Trump administration's efforts to curtail the Consumer Financial Protection Bureau (CFPB)'s operations raise concerns about potential future financial abuses, despite stricter regulations than before the 2008 crisis; the agency delivered $19.7 billion in consumer relief to 195 million people sin...

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What is the immediate impact of the Trump administration's actions on the CFPB's ability to protect consumers?

The Trump administration's actions have significantly weakened the Consumer Financial Protection Bureau (CFPB), halting some operations and dropping enforcement actions against firms accused of consumer fraud. This raises concerns about potential future financial abuses, although experts note that current regulations are stricter than pre-2008.

es.euronews.com

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Mar 15, 16:12

EU Considers Weakening Air Passenger Rights

The European Union is considering weakening passenger rights under EU261, raising the minimum delay threshold for compensation from three to five hours, potentially affecting millions of travelers annually and costing passengers an estimated €2 billion in lost compensation.

EU Considers Weakening Air Passenger Rights

The European Union is considering weakening passenger rights under EU261, raising the minimum delay threshold for compensation from three to five hours, potentially affecting millions of travelers annually and costing passengers an estimated €2 billion in lost compensation.

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No Poverty

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How does the current EU261 regulation protect air passengers, and what specific changes are being proposed?

Airlines and lobbying groups are pushing for changes to EU261, aiming to increase the minimum delay time before compensation is required from three to five hours. This would significantly reduce the number of successful claims, as most delays fall within the 2-4 hour range, impacting consumer protection.

Showing 205 to 216 of 410 results