Effective May 12, 2025, the FTC’s Rule on Unfair or Deceptive Fees, 16 C.F.R. Part 464, prohibits bait-and-switch pricing and other tactics used to obscure and misrepresent total prices and fees for live-event tickets and short-term lodging.
@Anomnomnomaly I got a little upset with USAA last week because suddenly I couldn’t transfer money to my credit union account even though I’ve been doing this for years and years.
I got a pop-up that said I had to change my settings but it didn’t tell me what settings I had to change so I had to chat with them about it.
Turns out I just needed to enable my location before I did a transfer, and I’m not mad about that. This way they know that I did the transfer, and if someone else does it somewhere else I am hoping this change means that they would know where that person was. Not that that would help me much except hopefully it would prove I didn’t do it. And as long as I remember to switch it off (or make it “only when using the app”) I am ok with this.
The banks in the US are getting real weird this year. Make sure you read everything that comes with your statements because things are changing in a way that does not benefit the consumer.
For example Discover card changed what they will allow people to dispute, basically if you allow anyone to charge your card for anything you’ve given them authorization and you can’t dispute it. If you don’t receive the product you ordered, or if you have a receipt saying you should have been charged $20 and they actually charged 200 they will probably help you with that, but anything outside of that that isn’t blatant fraud, they’re going to tell you that you have to seek reimbursement from whoever ripped you off.
Carnegie Mellon University: Purpose Mode Helps Social Media Users Stay Focused. “Developers of social media applications thrive on user engagement by employing Attention Capture Damaging Patterns (ACDPs) such as infinite scroll, cluttered web pages, video autoplay and saturated colors. ACDPs prey on cognitive vulnerabilities to distract users…. To mitigate these distractions, the CMU […]
South Korea's Fair Trade Commission fines Meta Platforms and orders corrective measures for inadequate consumer protection on its social media platforms
#YonhapInfomax #FairTradeCommission #MetaPlatforms #ConsumerProtection #ECommerceAct #CorrectiveOrder #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=61502
'Scornful of consumers': Canberra developers fined millions over false advertising
By Elizabeth Byrne
Two companies that made false claims about approvals for light rail stops near a luxury apartment building in Woden are fined more than $3 million each under consumer laws.
"A federal employee who is helping the Trump administration carry out the drastic downsizing of the Consumer Financial Protection Bureau owns stock in companies that could benefit from the agency’s dismantling, a ProPublica investigation has found.
Gavin Kliger, a 25-year-old Department of Government Efficiency aide, disclosed the investments earlier this year in his public financial report, which lists as much as $365,000 worth of shares in four companies that the CFPB can regulate. According to court records and government emails, he later helped oversee the layoffs of more than 1,400 employees at the bureau.
Ethics experts say this constitutes a conflict of interest and that Kliger’s actions are a potential violation of federal ethics laws.
Executive branch employees have long been subject to laws and rules that forbid them from working on matters that “will affect your own personal financial interest.” CFPB employees are also required to divest from dozens of additional, specific companies that engage in financial services and thus either are or could be subject to agency supervision, rulemaking, examination or enforcement.
The CFPB oversees companies that offer a variety of financial services, including mortgage lending, auto financing, credit cards and payment apps."
https://www.propublica.org/article/doge-consumer-financial-protection-bureau-gavin-kliger-stock
23andMe, amid Chapter 11 bankruptcy, faces pressure from U.S. states to protect genetic data of 15M users. A court-appointed ombudsman will now oversee data security during the company’s sale.
#23andMe #DataPrivacy #GeneticData #Bankruptcy #ConsumerProtection #TechNews #TECHi
Read Full Article Here :- https://www.techi.com/23andme-genetic-data-security-bankruptcy-ombudsman/
Some HESTA members 'caught unawares' by super fund outage
By Adelaide Miller
Dozens of HESTA super fund members told ABC News they weren't aware of the planned outage, despite HESTA announcing the seven-week freeze back in February.
https://www.abc.net.au/news/2025-04-30/hesta-super-customers-impacted-by-seven-week-outage/105225830
Political parties in South Korea demand accountability from SK Telecom over major USIM data breach, calling for severe punishment and comprehensive investigation into the incident that potentially exposed customers to serious secondary crimes.
#YonhapInfomax #SKTelecom #USIMDataBreach #PoliticalResponse #ConsumerProtection #InformationSecurity #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=60891
FSS launches task force to streamline public fund explanations, aiming to improve efficiency and consumer understanding in fund subscription process
#YonhapInfomax #FinancialSupervisoryService #PublicFunds #ProductExplanation #ConsumerProtection #FinancialRegulation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=60906
Calls grow for greater consumer protection as more builders go bust
By Nassim Khadem
Builders take out insurance designed to cover clients' costs in the event they go bust. But some people are waiting for years for a payout and facing potential bankruptcy.
Reuters: US bank regulators pull back guardrails on bank crypto activities. “U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators […]
#food #foodsafety #safety #consumerprotection #Republicans should read ‘The Jungle’ by Upton Sinclair. It will make you realize food inspections are critical
Apple fined $890m and Meta $356m for breaching new EU laws
The two tech giants were fined by the European Union's watchdogs as they step up enforcement of digital competition rules.
Consumer watchdog takes LDV to court over 'rust and corrosion' concerns
By Charmayne Allison
The ACCC alleges that in advertising cars driving through water and rough terrains, LDV has misrepresented their "durability".
https://www.abc.net.au/news/2025-04-23/ldv-automotive-australia-taken-to-court-by-accc/105206722
Seriously, stuff like this should be #outlawed and we need actual #ConsumerProtection and #regulation that classifies #PetCare and #PetToys with the same protections as #Toddler #toys.
Because cats being killed by an "automatic #LitterBox" is just the most horrific and inexcuseable product fault there could be.
FTC Takes Action Against Uber for Deceptive Billing and Cancellation Practices
Digital Trends: Meta is training AI on your data. Users say opting out doesn’t work.. “Imagine a tech giant telling you that it wants your Instagram and Facebook posts to train its AI models. And that too, without any incentive. You could, however, opt out of it, as per the company. But as you proceed with the official tools to back out and prevent AI from gobbling your social content, they […]
South Korea's FTC fines Gravity and Wemade for misleading practices in probability-based game items, highlighting ongoing consumer concerns in the gaming industry
#YonhapInfomax #FairTradeCommission #Gravity #Wemade #ProbabilityBasedItems #ConsumerProtection #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=59552
BBC: MrBeast apologises after ‘horrible’ Las Vegas event. “The event at Resorts World Las Vegas was advertised as an ‘immersive’ and ‘unforgettable’ experience that included exclusive games, a MrBeast-themed menu and mystery bags thought to contain limited edition merchandise, including one with a $10,000 (£7,550) gift voucher. Those who attended the three-day event complained and demanded […]
https://rbfirehose.com/2025/04/20/bbc-mrbeast-apologises-after-horrible-las-vegas-event/
