The DC Attorney General’s Office today announced that “EasyPay Finance (EasyPay), a rent-a-bank lender that had operated in the District, will pay more than $215,000 to resolve allegations that it used predatory practices to deceive hundreds of District residents into paying interest rates significantly above DC’s legally allowed maximum rate. In addition to financial terms, […]
CNN reports: “Federal regulators said Tuesday they found that Bank of America harmed customers by double-dipping on fees, withholding credit card rewards and opening fake accounts, all of which are violations of various consumer financial protection laws. As a result, the Consumer Financial Protection Bureau ordered Bank of America to pay more than $100 million […]
Good Jobs First reports that “[o]ver the past two decades, major companies have paid out over $25 billion in damages and settlements in class action and multi-district consumer protection lawsuits filed throughout the United States” concerning overcharging customers for goods and services or engaging in false advertising. Read the details here.
In a case under the Telephone Consumer Protection Act, the Ninth Circuit Court of Appeals held today that the owner and subscriber of a phone with a number listed on the Do-Not-Call Registry suffers an injury sufficient to confer standing when unsolicited telemarketing calls or texts are sent to the number in violation of the […]
The Consumer Financial Protection Bureau has three advisory committees — the Consumer Advisory Board, the Community Bank Advisory Council, the Credit Union Advisory Council, and the Academic Research Council –that provide the CFPB with information about emerging trends and practices in the consumer financial marketplace. The CFPB is looking for applicants for the committees, including […]
The Federal Trade Commission sued Amazon.com today for allegedly enrolling consumers in Amazon Prime without their consent and knowingly making it difficult for consumers to cancel their Prime subscriptions. The complaint charges that Amazon used manipulative, coercive, or deceptive user-interface designs known as “dark patterns” to trick consumers into enrolling in automatically-renewing Prime subscriptions. The […]
The Guardian reports: “In 1953, a paper developed for cigarette maker RJ Reynolds detailed possible cancer-causing agents in tobacco, but the document would remain hidden from public view for decades. In the interim, the industry told the public: ‘We don’t accept the idea that there are harmful agents in tobacco.’ The chemical industry, it seemed, […]
An op-ed by Sierra Club’s Jessica Tritsch’s starts: “A reasonable person would think that reducing strain on our energy infrastructure, bringing down consumer utility bills and protecting the health of kids would be issues that had bipartisan support, yet Congress is considering a pair of bills that would ensure the opposite. The so-called Save Our Gas […]
The Center for Justice and Democracy has issued a report titled “Nuclear Fizzle: How Jury Grievance Reports Whitewash Corporate Misconduct and Dehumanize Victims.” Here is the brief summary: “Corporate lobby groups are issuing reports criticizing juries when their large corporate members lose cases (which we call “jury grievance reports”). Their focus is on what they […]
I came across this Federal Trade Commission s interactive dashboard for refund data, which gives a state-by-state breakdown of refunds in FTC cases. Clicking on the “refunds by date” tab shows that 1.9 million people cashed refunds totaling more than $392 million in 2022.