Tag #Consumer Protection

Showing 73 to 84 of 225 results

nbcnews.com

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Feb 15, 04:08

Judge Blocks Trump's Attempt to Dismantle CFPB

A federal judge blocked President Trump's attempt to dismantle the Consumer Financial Protection Bureau (CFPB) on Friday, prohibiting employee terminations without cause, data deletion, and budget cuts, following a lawsuit by employee unions.

Judge Blocks Trump's Attempt to Dismantle CFPB

A federal judge blocked President Trump's attempt to dismantle the Consumer Financial Protection Bureau (CFPB) on Friday, prohibiting employee terminations without cause, data deletion, and budget cuts, following a lawsuit by employee unions.

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Decent Work and Economic Growth

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What immediate impact does the court order have on President Trump's plans to restructure the Consumer Financial Protection Bureau?

A federal judge issued a restraining order Friday, halting President Trump's efforts to defund and dismantle the Consumer Financial Protection Bureau (CFPB). The order prevents the termination of CFPB employees without cause and prohibits the deletion of agency data. This decision follows a lawsuit filed by employee unions and blocks the acting director's attempts to cease agency operations.

abcnews.go.com

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Feb 14, 22:09

Trump Administration Dismantles CFPB, Leaving Consumers Vulnerable

The Trump administration is firing over 95% of the Consumer Financial Protection Bureau's (CFPB) 1700 employees, leaving American consumers vulnerable to financial exploitation and undermining the agency's ability to regulate financial institutions. This action is part of the President's campaign to...

Trump Administration Dismantles CFPB, Leaving Consumers Vulnerable

The Trump administration is firing over 95% of the Consumer Financial Protection Bureau's (CFPB) 1700 employees, leaving American consumers vulnerable to financial exploitation and undermining the agency's ability to regulate financial institutions. This action is part of the President's campaign to...

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Reduced Inequality

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What are the immediate consequences of the CFPB's mass firings for American consumers?

The CFPB, created in 2011 to prevent another financial crisis, is being dismantled by the Trump administration, resulting in the firing of over 95% of its 1700 employees. This leaves consumers vulnerable as the agency's oversight of financial institutions will significantly decrease. The agency's database, containing sensitive financial information, may be compromised.

theguardian.com

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Feb 14, 13:12

CMA Proposes Baby Formula Price Reforms

The UK's Competition and Markets Authority (CMA) proposed five measures to lower baby formula prices, including standardized hospital packaging, allowing gift vouchers and loyalty points, and improved information for parents, following a year-long study showing price hikes of up to 36% and three com...

CMA Proposes Baby Formula Price Reforms

The UK's Competition and Markets Authority (CMA) proposed five measures to lower baby formula prices, including standardized hospital packaging, allowing gift vouchers and loyalty points, and improved information for parents, following a year-long study showing price hikes of up to 36% and three com...

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No Poverty

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How does the CMA's analysis of parental vulnerability during formula selection inform its recommendations?

The CMA's recommendations address the vulnerability of new parents in making formula choices, often influenced by marketing in hospitals and assumptions linking price to quality. By standardizing packaging and improving information access, the CMA aims to promote informed decision-making and competition, potentially mitigating the market power of three dominant companies (Danone, Nestlé, and Kendal) holding over 90% market share.

mk.ru

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Feb 13, 10:10

Russia introduces cooling-off period for consumer loans to combat fraud

The Russian State Duma passed a law mandating a 4-hour to 48-hour cooling-off period for consumer loans above 50,000 rubles starting September 1, 2025, aiming to curb 4.4 billion rubles in loan fraud losses (Q4 2022-Q3 2023).

Russia introduces cooling-off period for consumer loans to combat fraud

The Russian State Duma passed a law mandating a 4-hour to 48-hour cooling-off period for consumer loans above 50,000 rubles starting September 1, 2025, aiming to curb 4.4 billion rubles in loan fraud losses (Q4 2022-Q3 2023).

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Reduced Inequality

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What is the immediate impact of Russia's new cooling-off period for consumer loans?

The Russian State Duma passed a law introducing a cooling-off period for consumer loans, requiring a 4-hour delay for loans between 50,000 and 200,000 rubles and a 48-hour delay for larger loans, starting September 1, 2025. This aims to protect citizens from loan fraud, where victims are tricked into taking out large loans. The law followed a reported 4.4 billion rubles lost to fraudsters between Q4 2022 and Q3 2023.

abcnews.go.com

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Feb 12, 13:17

Democrats Demand Reversal of CFPB Shutdown

191 Democrats sent a letter demanding the reversal of actions that have effectively shut down the Consumer Financial Protection Bureau (CFPB), following a takeover by the Office of Management and Budget and Elon Musk's Department of Government Efficiency, citing potential harm to consumers and alleg...

Democrats Demand Reversal of CFPB Shutdown

191 Democrats sent a letter demanding the reversal of actions that have effectively shut down the Consumer Financial Protection Bureau (CFPB), following a takeover by the Office of Management and Budget and Elon Musk's Department of Government Efficiency, citing potential harm to consumers and alleg...

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Reduced Inequality

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What immediate consequences will result from the shutdown of the CFPB, and how will this impact American consumers?

191 House and Senate Democrats sent a letter to the Office of Management and Budget director and Treasury Secretary, urging them to reverse actions that have effectively shut down the Consumer Financial Protection Bureau (CFPB). The CFPB, created after the 2008 financial crisis, has been brought to a standstill after a stop-work order was issued to its staff following a takeover by the Office of Management and Budget and Elon Musk's Department of Government Efficiency. This action has raised concerns about consumer protection.

npr.org

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Feb 12, 01:11

CFPB Enforcement and Supervision Heads Resign Amidst Agency Shutdown

The heads of supervision and enforcement at the CFPB, Lorelei Salas and Eric Halperin, resigned on Tuesday, citing stop-work orders from acting Director Russell Vought that halted all agency operations, jeopardizing consumer protection efforts that previously secured $9.5 billion in penalties and re...

CFPB Enforcement and Supervision Heads Resign Amidst Agency Shutdown

The heads of supervision and enforcement at the CFPB, Lorelei Salas and Eric Halperin, resigned on Tuesday, citing stop-work orders from acting Director Russell Vought that halted all agency operations, jeopardizing consumer protection efforts that previously secured $9.5 billion in penalties and re...

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Reduced Inequality

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What is the immediate impact of the CFPB's shutdown on consumer protection?

The Consumer Financial Protection Bureau (CFPB) saw the resignation of its supervision and enforcement heads, Lorelei Salas and Eric Halperin, respectively. Their resignations followed stop-work orders issued by acting Director Russell Vought, halting all supervisory activities and examinations. This action directly impacts consumer protection efforts, leaving millions vulnerable to financial fraud and abuse.

t24.com.tr

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Feb 15, 13:09

2024 Consumer Complaints: E-commerce Leads with 400,012 Reports

Şikayetvar's 2024 data reveals 400,012 e-commerce complaints, exceeding those against digital content platforms (354,994), with cargo services leading in category complaints (156,449), followed by banks and GSM operators.

2024 Consumer Complaints: E-commerce Leads with 400,012 Reports

Şikayetvar's 2024 data reveals 400,012 e-commerce complaints, exceeding those against digital content platforms (354,994), with cargo services leading in category complaints (156,449), followed by banks and GSM operators.

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Responsible Consumption and Production

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What are the underlying causes of the high number of complaints in the e-commerce sector, and how do these issues impact consumer trust?

The high number of e-commerce complaints (400,012) reflects widespread consumer dissatisfaction. This is further supported by the substantial number of complaints against digital content platforms (354,994), suggesting broader issues within online services.

sueddeutsche.de

🌐 75% Global Worthiness

Feb 14, 19:08

German Court Protects Consumers From Electricity Cutoffs

A German court ruled that energy companies cannot charge fees for installment plans on overdue electricity bills and must offer plans up to 24 months long, strengthening consumer protection against cutoffs, as demonstrated in a case against NEW Niederrhein Energie und Wasser.

German Court Protects Consumers From Electricity Cutoffs

A German court ruled that energy companies cannot charge fees for installment plans on overdue electricity bills and must offer plans up to 24 months long, strengthening consumer protection against cutoffs, as demonstrated in a case against NEW Niederrhein Energie und Wasser.

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No Poverty

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How does this ruling affect the relationship between energy suppliers and financially vulnerable consumers?

This ruling connects to broader concerns about consumer rights and affordability of essential services. The court's decision prevents energy providers from exploiting financially vulnerable customers by charging additional fees during payment difficulties, aligning with the principle of fair treatment. The 24-month payment plan ensures manageable repayment for those facing significant debt.

kathimerini.gr

🌐 75% Global Worthiness

Feb 13, 13:10

Greek Energy Sector Faces 2,600 Consumer Complaints in 2024

In 2024, the Greek Consumer Advocate received over 2,600 energy sector complaints, primarily concerning inaccurate billing during supplier changes, misleading pre-contract information, and difficulties exercising withdrawal rights; 40% involved the Independent Power Transmission Operator (DEDDIE).

Greek Energy Sector Faces 2,600 Consumer Complaints in 2024

In 2024, the Greek Consumer Advocate received over 2,600 energy sector complaints, primarily concerning inaccurate billing during supplier changes, misleading pre-contract information, and difficulties exercising withdrawal rights; 40% involved the Independent Power Transmission Operator (DEDDIE).

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Affordable and Clean Energy

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How does the role of DEDDIE contribute to the problems faced by consumers in the Greek energy market?

The high number of complaints reveals widespread problems with electricity providers, including inaccurate billing during supplier switches, misleading pre-contract information, and difficulties exercising the right of withdrawal. The involvement of DEDDIE, responsible for meter readings, indicates a failure of regulatory oversight contributing to these consumer issues.

theguardian.com

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Feb 13, 13:10

Gambling Regulator Fines Merkur Slots £95,450 for Exploiting Vulnerable Patient

Merkur Slots UK was fined £95,450 after staff allowed a vulnerable cancer patient, Wendy Hughes, to lose nearly £2,000 in their Stockport branch over 16 hours in November 2023, failing to intervene despite numerous warning signs, highlighting insufficient social responsibility measures.

Gambling Regulator Fines Merkur Slots £95,450 for Exploiting Vulnerable Patient

Merkur Slots UK was fined £95,450 after staff allowed a vulnerable cancer patient, Wendy Hughes, to lose nearly £2,000 in their Stockport branch over 16 hours in November 2023, failing to intervene despite numerous warning signs, highlighting insufficient social responsibility measures.

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Good Health and Well-being

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What immediate actions are needed to prevent similar exploitation of vulnerable gamblers in adult gaming centers?

Merkur Slots UK, a high street slot machine operator, was fined £95,450 by the Gambling Commission for social responsibility failures after a vulnerable cancer patient lost nearly £2,000 in their Stockport branch. Staff knew the patient was repeatedly withdrawing cash to continue gambling but failed to intervene, highlighting systemic issues within the company and the wider gambling industry.

es.euronews.com

🌐 85% Global Worthiness

Feb 12, 10:11

EU Investigates Shein's Consumer Protection Practices Under DSA

The European Commission launched an investigation into Shein's consumer protection practices under the DSA, requesting information on illegal content, recommendation systems, data access for researchers, and consumer protection measures by February 27th, following a similar request in June.

EU Investigates Shein's Consumer Protection Practices Under DSA

The European Commission launched an investigation into Shein's consumer protection practices under the DSA, requesting information on illegal content, recommendation systems, data access for researchers, and consumer protection measures by February 27th, following a similar request in June.

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Responsible Consumption and Production

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What specific consumer protection concerns prompted the EU investigation of Shein and what immediate actions are being taken?

The European Commission requested Shein to provide more information regarding its compliance with the Digital Services Act (DSA), following an investigation into the company's consumer protection practices. Shein has until February 27th to respond. This follows a June request concerning illegal products, 'dark patterns,' and recommendation systems.

foxnews.com

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Feb 12, 04:12

Three CFPB Leaders Placed on Leave, One Resigns Amidst Political Clash

Acting OMB Director Russ Vought placed three top officials at the Consumer Financial Protection Bureau (CFPB) on administrative leave, prompting the resignation of one and an email response from another; the move is viewed as an attempt to weaken consumer protection, sparking protests.

Three CFPB Leaders Placed on Leave, One Resigns Amidst Political Clash

Acting OMB Director Russ Vought placed three top officials at the Consumer Financial Protection Bureau (CFPB) on administrative leave, prompting the resignation of one and an email response from another; the move is viewed as an attempt to weaken consumer protection, sparking protests.

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Reduced Inequality

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What are the underlying political motivations behind the actions taken against the CFPB leadership?

The administrative leave and resignations follow orders from the acting OMB director to halt CFPB work. Halperin's and Salas's ties to the Open Society Foundations are noted, adding a political dimension. These actions have prompted protests, including one by Senator Warren, who framed it as an attempt to weaken consumer protection.

Showing 73 to 84 of 225 results