Mitch Zeller, the head of the Food and Drug Administration's Center for Tobacco Products, has posted Protecting the Public and Especially Kids from the Dangers of Tobacco Products, Including E-Cigarettes, Cigars and Hookah Tobacco. Here's an excerpt: This month, for the first time, FDA will be able to help protect the public, and especially kids, from […]
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by Jenny Hyde The Federal Trade Commission has sued 1-800 Contacts, the largest online retailer of contact lenses in the United States, alleging that it unlawfully orchestrated and now maintains a web of anticompetitive agreements with rival online contact lens sellers that suppress competition in certain online search advertising auctions and that restrict truthful and […]
The Consumer Financial Protection Bureau yesterday finalized new measures to ensure that homeowners and struggling borrowers are treated fairly by mortgage servicers. The updated rule requires servicers to provide certain borrowers with foreclosure protections more than once over the life of the loan, clarifies borrower protections when the servicing of a loan is transferred, and […]
The Federal Trade Commission has created this webpage with a bunch of information about how consumers can recover under its settlement with Volkswagen. (As you will recall, Volkswagen told its customers that many of its cars emitted low levels of harmful pollutants, but that was a lie.) Here's an excerpt: Volkswagen will provide up to $10 billion […]
As explained in this article by Stacy Cowley, Massachusetts has become the first state to bar employers from asking job applicants about what they earned at their prior jobs. This excerpt explains why: By barring companies from asking prospective employees how much they earned at their last jobs, Massachusetts will ensure that the historically lower wages and […]
National Mortgage News reports: The Consumer Financial Protection Bureau added its voice Tuesday to a chorus of other regulators in calling for sustainable foreclosure relief when the Home Affordable Modification Program expires at yearend. The bureau released "guiding principles" for mortgage servicers and investors that were almost identical to those described in a white paper […]
In Meyer v. Kalanick and Uber, the named plaintiff, Spencer Meyer, alleges that Travis Kalanick orchestrated an antitrust conspiracy arising from the algorithm that co-defendant Uber uses to set Uber ride prices. The plaintiffs sued in federal court in New York. Uber and Kalanick moved to compel arbitration saying Mr. Meyer agreed to arbitrate when he […]
This webpage explains what the Consumer Financial Protection Bureau believes it has accomplished over its first five years. Go here or click below for a CFPB video describing the purposes and (brief) history of the agency. (The video features Elizabeth Warren and Richard Cordray.)
by Jeff Sovern Smart guns–guns that block anyone other than their owner from shooting them– would save lives. Children would not be able to grab them and shoot themselves by accident. People couldn't turn them on their owners. Smart gun technology exists, just as iPhones can be personalized using fingerprints and passcodes. But gun manufacturers won't sell […]
Michele Singletary, the Washington Post's consumer reporter, is doing a series of articles assessing the first five years of Consumer Financial Protection Bureau. The first in the series is an interview with the agency's director Richard Cordray.