#consumer-protection

#consumer-protection

Fraud reports increased 25% from 2023 to 2024 costing consumers over $12.5 billion, prompting AT&T to enhance its ActiveArmor app.

Fraudulent purchases on a Redditor's credit card led to complex identity theft issues when iPhones were delivered to their home.

Scambaiting is on the rise as a response to increased sophisticated scams, allowing individuals to combat scammers directly.

Counterfeit food and beverages are surging in the U.S., driven by AI technology, prompting innovations in anti-counterfeit solutions.

A record bust revealed thousands of counterfeit goods following a tourist's complaint in Oxford Street, aiming to combat fraudulent US candy stores.

Robocalls surged due to an extra three days in March, totaling over 4.8 billion calls, a worrying increase in consumer annoyance.

PayPal failed to reverse an unauthorized $1,365 transaction despite claims of fraud.

The UK has banned hidden fees in online shopping and fake reviews to protect consumers.

The Video Privacy Protection Act, initially aimed at protecting rental histories, is now criticized for hindering legitimate marketing efforts and stifling innovation.

Mortgage trade groups advocate for consumer protections against unsolicited credit solicitations through proposed legislation.

The reintroduced trigger leads bill aims to establish more consumer control over credit solicitations.

Insurance provides stability but faces challenges from fraud that raises consumer costs and undermines safety.

The CFPB plans to cut 90% of its staff, impacting its ability to enforce consumer protection laws.

CFPB workforce drastically reduced by 90% to about 200 employees.

New priorities shift focus from consumer protection to mortgages; critical areas neglected.

CFPB will deprioritize student loans and medical debt supervision to focus on consumer harm mitigation.

The Consumer Financial Protection Bureau has drastically reduced its workforce by 90%, impacting its ability to protect consumers.

CFPB terminates over 1,400 employees amid Trump administration changes, refocusing on consumer harm and leaving only around 200 staff members.

Mass layoffs at CFPB indicate a significant restructuring within the agency, undermining its original consumer protection mission.

Casely wireless phone chargers recalled over fire hazard concerns.

Consumers advised to stop using affected chargers immediately.

Casely is recalling 429,200 portable phone chargers due to overheating and fire hazards.

Covered California improperly sent sensitive health data to LinkedIn, triggering a review of their data privacy practices.

23andMe has filed for Chapter 11 bankruptcy, prompting customers to consider deleting their genetic data for privacy.

Nike's closure of RTFKT has led to a class action lawsuit from NFT owners seeking damages.

Nike faces a lawsuit from NFT buyers after ending RTFKT operations, who claim they were misled regarding the nature of their purchases.

Beware of ads promising unrealistic financial benefits; they may be scams designed to harvest personal information.

A couple lost $23,000 to a vanished travel agency before their celebratory European cruise.

Apple's AI marketing claims have been criticized for being misleading regarding the actual availability of features.

The Better Business Bureau has advised Apple to adjust its marketing to avoid misrepresentation.

African Bank was fined R700,000 for misleading advertising promoting a loan as an investment product.

Influencers must declare content as commercial if they receive benefits from brands.

Use of hashtags like #ad or #gift is essential for clear disclosure in promotions.

The FTC is suing Uber for allegedly deceiving consumers in their Uber One subscription process.

The FTC is suing Uber for unauthorized charges related to its subscription service Uber One.

New York AG Letitia James is suing DailyPay and MoneyLion for allegedly offering illegal, high-interest loans disguised as earned wage access.

Baltimore has sued DraftKings and FanDuel, alleging they exploit vulnerable gamblers through deceptive practices and promotions.

Revolve faces a $50-million lawsuit for allegedly misleading consumers through undisclosed influencer endorsements.

Baltimore is suing FanDuel and DraftKings for exploiting gamblers through misleading promotions and consumer protection violations.

UWM faces a lawsuit in Ohio accusing it of deceptive practices in mortgage lending.

The lawsuit claims UWM pressures brokers to funnel loans back to itself, harming borrowers.

Allied Van Lines is suing a Boca Raton moving broker for trademark infringement and brand reputation damage.

Over 95% of sponsored influencer posts on Twitter are not disclosed.

Younger brands are less likely to disclose their influencer sponsorships.

Many consumers struggle to identify sponsorship arrangements without disclosures.

Michigan is actively targeting unlicensed online gaming operators to protect residents from financial and personal risks.

Ticketmaster may have breached consumer protection laws during the chaotic Oasis reunion tour ticket sales, misleading fans with unclear ticket pricing.