Publishers Clearing House (PCH) will pay $18.5 million to settle Federal Trade Commission (FTC) allegations of deceptive marketing practices targeting older, lower-income consumers. The FTC claims PCH misled consumers into believing purchases were required to enter sweepstakes or improved winning odds. Refunds will be automatically distributed to 281,724 affected consumers within 90 days. Despite bankruptcy, PCH maintains its sweepstakes operations, shifting its focus to a digital advertising model.
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The Federal Trade Commission (FTC) is suing Uber for allegedly deceptive subscription practices related to its Uber One service. The FTC claims Uber enrolled users without consent and made cancellations excessively difficult, requiring numerous steps. Uber denies these allegations, stating that cancellations are now easily performed within the app. This lawsuit marks the FTC’s first against a major US tech company since the start of President Trump’s second term. The case highlights ongoing scrutiny of tech companies’ billing and consumer protection practices.
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A federal judge issued a temporary restraining order halting the Trump administration’s planned layoff of approximately 1,400 CFPB employees, pending further evidence on the termination process. The layoffs, impacting roughly 90% of the agency, were intended to significantly reduce the CFPB’s scope, a move opposed by employee unions and some who value the agency’s consumer protection work. The judge’s decision follows a previous ruling and ongoing litigation challenging the legality and justification of the cuts. A hearing is scheduled for April 28th to address the matter further.
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A federal judge in Texas recently overturned a US rule that capped credit card late fees at $8. This decision has sparked significant outrage, particularly given the looming economic downturn. Many see this as yet another instance of the government acting against the interests of struggling Americans, exacerbating financial hardship during a precarious time.
The timing of this ruling, coinciding with an anticipated recession, is particularly galling to many. It feels like a deliberate move to increase the financial burden on individuals already struggling to make ends meet, especially those who may already be living paycheck to paycheck. The removal of this seemingly small cap on late fees represents a significant blow to consumers’ financial well-being.… Continue reading
The House voted to overturn a Biden administration rule limiting bank overdraft fees to $5, a move the Senate previously approved. Republicans argued the rule, projected to save consumers billions annually, would harm access to credit and force banks to eliminate overdraft protection. Democrats countered that the rule targeted exploitative fees impacting vulnerable consumers. The resolution now heads to the President for signature, effectively dismantling the regulation intended to curb excessive bank charges.
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Companies will use tariffs as an excuse for price gouging, a strategy that has already been employed during past economic upheavals. This isn’t merely speculation; history demonstrates a pattern where increased costs, regardless of origin, are frequently passed on to consumers with little to no reduction when the initial cost increase subsides. The simple fact is that prices rarely decrease, even when the underlying justification for the increase disappears. Profitability remains the driving force, and companies will almost always seize any opportunity to maximize their margins.
This behavior isn’t limited to specific industries; it’s a broad trend across the economy. The cost of everyday goods, from groceries to household items, is often increased and rarely decreases even after the initial justification—like tariffs or supply chain disruptions—is no longer relevant.… Continue reading
The Senate’s recent decision to overturn a rule limiting bank overdraft fees to $5 is a move that has sparked considerable controversy. This action removes a crucial consumer protection, potentially leaving many vulnerable to significantly higher charges.
The rationale behind this decision remains unclear to many, especially given the potential impact on those already struggling financially. It’s difficult to understand how increasing overdraft fees benefits the general population, particularly low-income individuals and families who are disproportionately affected by these charges.
Many question how such a policy could be considered beneficial for the American populace. The argument that it somehow stimulates the economy lacks merit, as it primarily serves to enrich banks at the expense of their customers.… Continue reading
Fueled by President Trump’s trade threats and rhetoric, demand for Canadian-made products has skyrocketed, leading to a corresponding increase in complaints regarding potentially fraudulent labeling. The Canadian Food Inspection Agency (CFIA) reported a 1050% rise in complaints about country-of-origin claims between January and February, with many related to “Product of Canada” designations. This surge in consumer interest in domestically-produced goods reflects a broader trend of Canadians actively supporting local businesses amidst ongoing trade tensions. The CFIA is actively investigating these complaints to ensure accurate labeling.
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The US Consumer Financial Protection Bureau (CFPB) dropping its case against JPMorgan Chase, Bank of America, and Wells Fargo over their involvement with the Zelle payment app is a significant development with far-reaching implications. This decision raises serious questions about accountability for large financial institutions and the protection of consumers from fraud.
The timing of this decision is particularly noteworthy, occurring amidst economic uncertainty and rising consumer debt. The lack of consequences for these major banks, while consumers grapple with financial hardship, fuels concerns about the fairness and efficacy of regulatory oversight. It reinforces a sense that the playing field is tilted in favor of powerful financial institutions, allowing them to operate with minimal consequences for potentially harmful practices.… Continue reading
The Consumer Financial Protection Bureau (CFPB), under its Trump-appointed leadership, plans a near-total elimination of its 1,700-person workforce in phases, according to employee testimony. This plan, allegedly coordinated with Elon Musk’s Department of Government Efficiency, involves initial probationary employee dismissals followed by a mass layoff of approximately 1,200, leaving only a small skeleton crew before final termination of most remaining staff within 90 days. This contradicts Acting Director Russell Vought’s public statements denying the agency’s elimination, with employees alleging deceptive messaging concerning consumer protection obligations. Ultimately, the plan reportedly aims to reduce the CFPB to only five mandated employees, potentially relocating them within another federal agency.
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John Q. Hosedrinker 
Matt Underwood