Tag #Consumer Protection

Showing 265 to 276 of 318 results

smh.com.au
🌐 85% Global Worthiness
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Insurers Wrongly Cap Plumbing Defect Payouts at $50,000, Leaving Victorians with Millions in Losses

Victorian homeowners are facing millions of dollars in uncompensated losses due to insurers misinterpreting a 2002 law, wrongly capping payouts for plumbing defects at \$50,000 instead of providing legally mandated coverage. This has prompted calls for an inquiry and regulatory reform.

Progress

64% Bias Score

Reduced Inequality
kathimerini.gr
🌐 65% Global Worthiness
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Greece Intervenes to Curb Excessive Bank Charges

The Greek government implemented measures to reduce excessive bank charges, addressing public complaints about unfair fees and lending practices, marking a shift in the relationship between the government and the banking sector.

Progress

44% Bias Score

Reduced Inequality
cbsnews.com
🌐 85% Global Worthiness
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CFPB Sues Major Banks Over $870 Million in Zelle Fraud Losses

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Bank of America, JPMorgan Chase, and Wells Fargo, alleging they rushed the launch of Zelle, leading to over $870 million in user fraud losses since 2017 due to inadequate security measures.

Progress

48% Bias Score

Reduced Inequality
edition.cnn.com
🌐 85% Global Worthiness
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FTC Bans Hidden Junk Fees in Hotel, Ticket, and Rental Pricing

The FTC implemented a rule requiring hotels, ticketing, and short-term rental companies to display total prices including all fees upfront, saving consumers an estimated \$11 billion over 10 years and 53 million hours annually, effective 120 days after announcement.

Progress

44% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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Pensioner's Electricity Bill Inflated by 925% Due to Meter Reading Error

A 71-year-old County Londonderry pensioner's electricity bill showed a 925% increase and £1,003 in arrears due to an incorrect meter reading submitted by NIE Networks in August 2024; SSE Airtricity will issue a corrected bill.

Progress

40% Bias Score

Affordable and Clean Energy
nbcnews.com
🌐 85% Global Worthiness
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Grubhub to Pay $25 Million for Misleading Customers and Drivers

Grubhub will pay $25 million to settle FTC and Illinois Attorney General charges of misleading customers about delivery costs and drivers about earnings, falsely advertising restaurants, and employing deceptive pricing tactics; the company denies the allegations but will make operational changes.

Progress

48% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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CFPB Sues Zelle Owners, Threatening to Eliminate Safer Payment System

The CFPB is suing Zelle's owners for hundreds of millions in scam losses, proposing banks cover losses which may lead to Zelle's discontinuation, highlighting the unintended consequences of price controls on innovation in consumer protection.

Progress

56% Bias Score

Reduced Inequality
liberation.fr
🌐 85% Global Worthiness
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Surge in French Investment Scams Causes €500 Million in Annual Losses

French authorities announced a sharp increase in investment scams, causing at least €500 million in annual losses; victims, mostly men under 35, are targeted through cryptocurrency investments and fake financial products, with losses averaging €29,000.

Progress

40% Bias Score

Reduced Inequality
nbcnews.com
🌐 85% Global Worthiness
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High Retail Credit Card APRs Persist Despite Federal Reserve Rate Cuts

The CFPB reported that 19% of retail credit cards have APRs above 35%, despite Federal Reserve interest rate cuts, due to various factors including a lack of federal interest rate caps and independent margin setting by credit card issuers; the average APR for new cards offered by the top 100 retaile...

Progress

40% Bias Score

Reduced Inequality
bbc.com
🌐 75% Global Worthiness
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Rogue Builder Jailed for £1.6m Home Improvement Fraud

A West Midlands rogue builder, Adam Jones, was jailed for three years and nine months for defrauding homeowners of £1.6 million through Advannnced Construction Ltd. between April 2021 and June 2023; he used their payments to fund a lavish lifestyle, leaving victims with incomplete or defective work.

Progress

36% Bias Score

Reduced Inequality
liberation.fr
🌐 75% Global Worthiness
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French Appliance Makers Fined €611 Million for Price-Fixing

French competition authorities fined ten appliance makers and two distributors, Darty and Boulanger, €611 million for a price-fixing cartel between 2007 and 2014, using tactics like restricting online sales and coded price agreements to harm online competition and maintain higher consumer prices.

Progress

40% Bias Score

Reduced Inequality
abcnews.go.com
🌐 75% Global Worthiness
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Grubhub to Pay $25 Million to Settle Deceptive Practices Allegations

Grubhub will pay $25 million to settle allegations of deceptive business practices, including misleading customers about costs, deceiving drivers, and listing restaurants without consent; the company denies wrongdoing but will make platform changes and remove unaffiliated restaurants.

Progress

44% Bias Score

Reduced Inequality

Showing 265 to 276 of 318 results