Tag #Consumer Protection

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politico.eu

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Jul 14, 07:11

UK's Struggle to Regulate Misleading Financial Advice from Finfluencers

In the UK, 40% of young people get investment advice from largely unregulated finfluencers, many of whom provide "anti-skilled" advice leading to losses; the FCA is struggling to regulate this due to slow takedown responses from Big Tech and the international nature of online content.

UK's Struggle to Regulate Misleading Financial Advice from Finfluencers

In the UK, 40% of young people get investment advice from largely unregulated finfluencers, many of whom provide "anti-skilled" advice leading to losses; the FCA is struggling to regulate this due to slow takedown responses from Big Tech and the international nature of online content.

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What are the immediate impacts of the widespread reliance on unregulated finfluencers for financial advice in the UK?

In the UK, 40% of young people rely on financial influencers (finfluencers) for investment advice, primarily through TikTok. A study revealed that 56% of finfluencers provide "anti-skilled" advice, leading to negative returns, yet they have more influence than skilled counterparts. This poses a significant risk to consumers due to the lack of regulation compared to traditional financial advisors.

dailymail.co.uk

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Jul 9, 22:13

Federal Court Blocks FTC's 'Click to Cancel' Rule

A federal appeals court blocked the FTC's rule requiring businesses to simplify subscription cancellations, citing procedural issues related to its economic impact analysis exceeding $100 million, despite the FTC's belief that it was under the threshold. This halts the Biden administration's consume...

Federal Court Blocks FTC's 'Click to Cancel' Rule

A federal appeals court blocked the FTC's rule requiring businesses to simplify subscription cancellations, citing procedural issues related to its economic impact analysis exceeding $100 million, despite the FTC's belief that it was under the threshold. This halts the Biden administration's consume...

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What procedural issues led to the court's decision to block the FTC rule?

The court's decision stemmed from the FTC's failure to conduct a required economic impact analysis, exceeding the $100 million threshold. This procedural issue overshadowed the rule's aim to protect consumers from unfair subscription practices, including deceptive free trials and difficult cancellation processes.

welt.de

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Jul 9, 07:18

Skimpflation": Food Manufacturers Reduce Quality, Maintain Prices

The Hamburg Consumer Protection Center reveals that numerous food manufacturers are using "Skimpflation", reducing the quality of products while maintaining prices, exemplified by Netto's reduced hazelnut content in its nougat cream and Knorr's reduced butter content in its lemon butter sauce; this ...

Skimpflation": Food Manufacturers Reduce Quality, Maintain Prices

The Hamburg Consumer Protection Center reveals that numerous food manufacturers are using "Skimpflation", reducing the quality of products while maintaining prices, exemplified by Netto's reduced hazelnut content in its nougat cream and Knorr's reduced butter content in its lemon butter sauce; this ...

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What are the immediate consequences of "Skimpflation" on consumers and the food industry?

The Hamburg Consumer Protection Center criticizes manufacturers for replacing expensive ingredients (meat, butter, hazelnuts) with cheaper alternatives (water, flavorings) in popular products, a practice known as "Skimpflation." This leads to reduced quality for the same price, affecting consumers without clear labeling changes. The practice is legal if the altered composition is correctly stated on packaging.

theguardian.com

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Jul 9, 01:14

Federal Appeals Court Strikes Down FTC's "Click-to-Cancel" Rule

A US federal appeals court overturned an FTC rule designed to simplify subscription cancellations, citing procedural flaws in the rule-making process; the rule, slated for July 14th implementation, would have required companies to allow cancellations using the same method as signup, addressing a ris...

Federal Appeals Court Strikes Down FTC's "Click-to-Cancel" Rule

A US federal appeals court overturned an FTC rule designed to simplify subscription cancellations, citing procedural flaws in the rule-making process; the rule, slated for July 14th implementation, would have required companies to allow cancellations using the same method as signup, addressing a ris...

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What are the immediate consequences of the court's decision to vacate the FTC's "click-to-cancel" rule?

A US federal appeals court struck down a Federal Trade Commission (FTC) rule intended to simplify subscription cancellations, deeming the FTC's rule-making process flawed. The rule, set to take effect on July 14th, would have mandated that cancellation methods mirror signup methods for all negative option marketing programs. This decision is a setback for consumer protection advocates.

zeit.de

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Jul 3, 07:15

Fraudulent Handymen Target Elderly in Hesse, Germany

Elderly residents in Hesse, Germany, are being targeted by fraudulent handymen, primarily roofers, who offer cheap services but demand significantly higher payments and often leave work unfinished, resulting in financial losses and emotional distress; police are investigating numerous cases.

Fraudulent Handymen Target Elderly in Hesse, Germany

Elderly residents in Hesse, Germany, are being targeted by fraudulent handymen, primarily roofers, who offer cheap services but demand significantly higher payments and often leave work unfinished, resulting in financial losses and emotional distress; police are investigating numerous cases.

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How are these scams connected to broader societal trends or vulnerabilities, and what are some significant consequences?

This scam exploits the vulnerability of those seeking home repairs, often during periods of high demand for tradespeople. The perpetrators leverage the victims' trust and urgency, demanding cash upfront or escalating payments for incomplete work. Police reports from various regions of Hesse detail similar incidents across 2025.

bbc.com

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Jun 18, 10:15

Merseyside Police Investigates £6,000 Oasis Ticket Scam Amidst Rising UK Fraud

An Oldham woman and 18 others lost approximately £6,000 to a Merseyside man selling fake Oasis concert tickets; after initial inaction, Merseyside Police is investigating following a BBC report that found almost 10,000 similar reports resulting in £10.6 million in losses, partly due to police resour...

Merseyside Police Investigates £6,000 Oasis Ticket Scam Amidst Rising UK Fraud

An Oldham woman and 18 others lost approximately £6,000 to a Merseyside man selling fake Oasis concert tickets; after initial inaction, Merseyside Police is investigating following a BBC report that found almost 10,000 similar reports resulting in £10.6 million in losses, partly due to police resour...

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What systemic issues within law enforcement contribute to the low investigation rate of ticket fraud cases, and how are these issues impacting victims?

This case highlights a broader issue with resource constraints in investigating ticket fraud. A leading expert, Reg Walker, stated that thousands of cases aren't investigated due to insufficient police resources. The lack of investigation acts as a deterrent, emboldening fraudsters. The insufficient resources are attributed to previous police cuts that resulted in many senior detectives leaving.

theguardian.com

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Jul 12, 04:12

Battery Rebate Mirrors 2008 Solar Rebate Issues

Australia's new battery rebate, mirroring the 2008 solar program, has triggered a surge in demand, prompting concerns about low-quality products and unreliable installers, echoing past issues with substandard solar installations.

Battery Rebate Mirrors 2008 Solar Rebate Issues

Australia's new battery rebate, mirroring the 2008 solar program, has triggered a surge in demand, prompting concerns about low-quality products and unreliable installers, echoing past issues with substandard solar installations.

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Affordable and Clean Energy

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What are the immediate impacts of the Australian federal battery rebate on the market, and what lessons can be learned from the 2008 solar rebate experience?

The Australian federal government's new battery rebate, similar to the 2008 solar rebate, has spurred a surge in demand, attracting both reputable and unreliable installers. Consumers are urged to exercise caution, as seen in the past with substandard solar installations, and prioritize established, reputable companies offering well-known brands.

zeit.de

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Jul 9, 07:18

German Food Manufacturers Accused of "Skimpflation"

German consumer advocates accuse food manufacturers of using "Skimpflation", quietly reducing product quality (e.g., hazelnut content in nougat cream dropped from 20% to 13%) while maintaining prices, citing around 40 cases.

German Food Manufacturers Accused of "Skimpflation"

German consumer advocates accuse food manufacturers of using "Skimpflation", quietly reducing product quality (e.g., hazelnut content in nougat cream dropped from 20% to 13%) while maintaining prices, citing around 40 cases.

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What are the immediate consequences of "Skimpflation" for German consumers?

German consumer protection agency, Verbraucherzentrale Hamburg, criticizes food manufacturers for secretly reducing the quality of products while maintaining the price, a practice known as "Skimpflation". They cite examples like Netto's hazelnut nougat cream, where the hazelnut content decreased from 20% to 13%, and Knorr's lemon butter sauce, with butter reduced from 25% to 10%.

theglobeandmail.com

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Jul 9, 04:14

FTC Demands Amazon, Walmart Crack Down on False "Made in USA" Claims

The FTC is demanding that Amazon and Walmart remove third-party sellers making false "Made in USA" claims, sending warning letters to the companies and four smaller retailers for violating federal law and company codes of conduct; this follows the FTC's 2021 "Made in USA Labeling Rule" and previous ...

FTC Demands Amazon, Walmart Crack Down on False "Made in USA" Claims

The FTC is demanding that Amazon and Walmart remove third-party sellers making false "Made in USA" claims, sending warning letters to the companies and four smaller retailers for violating federal law and company codes of conduct; this follows the FTC's 2021 "Made in USA Labeling Rule" and previous ...

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What are the potential long-term impacts of this FTC action on consumer behavior and the marketplace?

This FTC action may lead to stricter enforcement of "Made in USA" labeling across online marketplaces. It could also influence consumer purchasing behavior and potentially encourage greater transparency in product sourcing. The long-term impact could include significant changes in how companies label and market their products.

elmundo.es

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Jul 4, 04:10

Surge in Online Travel Scams: Consumers Urged to Take Precautions

Online travel scams, including fake flight and accommodation offers, are rapidly increasing, causing significant financial losses for consumers. This surge is driven by the growth of online bookings, prompting tech companies and legal firms to implement protective measures.

Surge in Online Travel Scams: Consumers Urged to Take Precautions

Online travel scams, including fake flight and accommodation offers, are rapidly increasing, causing significant financial losses for consumers. This surge is driven by the growth of online bookings, prompting tech companies and legal firms to implement protective measures.

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How has the increase in online travel bookings contributed to the rise of these scams?

The increase in online travel bookings correlates directly with a rise in fraudulent activities. Scammers exploit this by creating fake deals on social media and websites, often pressuring victims for immediate payment via insecure methods. Companies like Meta are implementing security measures like two-factor authentication, while legal firms offer consumer protection services.

sueddeutsche.de

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Jul 3, 07:15

Elderly Homeowners Scammed by Fraudulent Handymen in Hessen

Fraudulent handymen, mainly posing as roofers, are scamming elderly homeowners in Hessen, Germany, with one couple losing nearly €100,000 on unfinished roof repairs; police warn of similar cases across the state and advise caution against upfront cash payments for unsolicited services.

Elderly Homeowners Scammed by Fraudulent Handymen in Hessen

Fraudulent handymen, mainly posing as roofers, are scamming elderly homeowners in Hessen, Germany, with one couple losing nearly €100,000 on unfinished roof repairs; police warn of similar cases across the state and advise caution against upfront cash payments for unsolicited services.

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What is the primary impact of the rise in fraudulent handymen targeting elderly homeowners in Hessen?

In Hessen, Germany, fraudulent handymen, primarily posing as roofers, are targeting homeowners, especially the elderly, by offering seemingly inexpensive services and then demanding exorbitant payments after partially completing work. One case involved a senior couple swindled out of nearly €100,000 for unfinished roof repairs.

bbc.com

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Jun 16, 07:17

Soaring Complaints Expose Flaws in England's Shared Ownership Housing Scheme

Shared ownership schemes in England are facing a surge in complaints, with a nearly 400% increase in the past five years, due to issues with repairs, costs, and selling properties, leaving many feeling trapped and financially disadvantaged.

Soaring Complaints Expose Flaws in England's Shared Ownership Housing Scheme

Shared ownership schemes in England are facing a surge in complaints, with a nearly 400% increase in the past five years, due to issues with repairs, costs, and selling properties, leaving many feeling trapped and financially disadvantaged.

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What are the key systemic issues driving the sharp increase in complaints regarding shared ownership schemes in England?

Shared ownership, marketed as a pathway to homeownership, is facing increasing criticism due to high complaint numbers. A recent BBC investigation revealed a nearly 400% surge in complaints to the housing ombudsman over the past five years, primarily concerning repairs, costs, and sales difficulties. Two London residents, Diana and Chris, detailed their negative experience, selling their property at a £10,000 loss after a difficult two-year sales process.

Showing 73 to 84 of 410 results