consumer-protection2.265 min read
NC Woman's Cancelled Insurance Leads to $12K Charges, Regulators Say Powerless
2 months ago•Source: Yahoo Finance
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1.335 min•2 months ago
Online Clothing Retailer Settles Deceptive Practices Cases, $1M in Refunds for Customers
An online clothing company, TFG Holding, has agreed to a $1 million settlement for deceptive marketing practices related to its VIP Membership Program, which misled consumers about membership terms and made cancellations difficult. The settlement mandates clearer disclosures and a simple cancellation process, with eligible consumers who enrolled before May 31, 2016, receiving restitution. Consumers with unresolved complaints can file claims by January 30, 2026.
5.015 min•5 months ago
Denver Man Loses $17K After Calling United Airlines Customer Service
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FTC Issues $126M Refunds to Fortnite Players for Unwanted Purchases
ABC News - Breaking News, Latest News and Videos•6 months ago
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FTC to Refund $126 Million to Fortnite Players, Claims Process Reopened
Federal Trade Commission (.gov)•6 months ago
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CFPB Distributes $1.8 Billion in Refunds to Credit Repair Victims
The Consumer Financial Protection Bureau (CFPB) is distributing $1.8 billion to 4.3 million consumers who were charged illegal fees by credit repair companies, including Lexington Law and CreditRepair.com. This marks the largest distribution from the CFPB's victims relief fund, which is financed by civil penalties from companies violating consumer protection laws. The distribution follows a legal judgment against these companies for violating the Telemarketing Sales Rule. Payments will be sent to affected consumers without requiring any action from them.
"Stay Safe and Shop Smart: Avoid Scams on Amazon Prime Day"
Experts warn that Amazon Prime Day is a prime opportunity for scammers, with phishing attempts and fake websites on the rise. Consumers are advised to be vigilant against unsolicited emails, too-good-to-be-true deals, and counterfeit products. The Better Business Bureau and Amazon provide tips to avoid scams, emphasizing the importance of verifying messages and purchases through official channels.
CFPB Launches Registry for Corporate Repeat Offenders
The Consumer Financial Protection Bureau (CFPB) has finalized a rule to create a registry aimed at detecting and deterring corporate offenders who violate consumer laws. This registry will help identify repeat offenders and recidivism trends, aiding law enforcement and other stakeholders in holding companies accountable. The rule requires nonbank financial companies to register with the CFPB when they have violated consumer laws and provide attestations of compliance from senior executives. This initiative is part of the CFPB's broader effort to enhance oversight and prevent corporate recidivism.
"Michigan AG Warns of Persistent Venmo Scam Targeting Consumers"
Michigan Attorney General Dana Nessel warns Venmo users about a scam where fraudsters use stolen credit cards to send money "accidentally" and then ask for it back. When Venmo identifies the transaction as fraudulent, it can withdraw the money from the user's account, leaving the scammer with the funds. Nessel advises caution with transactions involving unknown individuals and highlights other common money transfer scams. Victims are encouraged to report incidents to the Federal Trade Commission.
"EU Implements Ban on Greenwashing and Misleading Product Info"
The European Parliament has approved a directive aimed at banning misleading environment claims on products and improving labeling, with terms like "environmentally friendly" and "biodegradable" requiring concrete evidence. Only sustainability labels based on official certification schemes will be allowed, and claims of "climate-neutral" impact due to CO2 emissions offsetting schemes will be banned. The directive also aims to make producers and consumers focus more on the durability of goods, with guarantee information becoming more visible and a new, harmonized label created for goods with extended guarantee periods. Member states have two years to introduce the new rules.
"Tips to Uncover Credit Card Skimmers in Massachusetts Supermarkets"
Authorities in New England are warning consumers about credit card skimmers found at retail outlets, including supermarkets in Massachusetts and New Hampshire. Skimming devices, designed to look like legitimate card readers, capture card information when customers swipe their cards. The FBI advises inspecting card readers for loose parts or damage, covering the keypad while entering PINs, and being cautious at tourist spots and gas pumps. If a skimming device is suspected, customers should contact their bank and local law enforcement. No customer data was reported compromised following the recent discoveries in Massachusetts.
Beware of Rising Gift Card Scams: Tips to Stay Safe This Holiday Season
The FBI is warning that gift card scams are on the rise, with scammers using a "gift card draining" trick to steal money before it can be used. Reports of gift card scams have increased by 50% this year, totaling over $210 million in losses. To avoid falling victim, consumers are advised to check for tampering on gift cards, avoid buying cards with damaged packaging, and register their gift cards if possible. If a gift card has been tampered with, there is little that can be done to recover the lost funds. Buying gift cards from behind the counter or gifting cash are alternative ways to protect oneself.
Protect Yourself from Gift Card Draining Scams this Holiday Season
Shoppers are being warned about a scam called "gift card draining" that is prevalent during the holiday season. Scammers are tampering with gift cards by placing different barcodes on top of the original ones, diverting the money to themselves. To protect against this, shoppers should check for intact packaging, scuff marks on barcodes or security codes, and stickers on the back of the gift card. Experts recommend purchasing gift cards near the register or from behind the counter and regularly checking balances. The Better Business Bureau's website can be visited to track scams, report them, and warn others.
Beware of Gift Card Scams: How Thieves are Draining Balances
Consumers are being warned about a "card draining" scam that is affecting gift card purchases at major retailers like Target. Victims have reported zero balances on their gift cards, with scammers gaining access to the card's information. One method involves stealing the card codes by carefully opening and resealing the envelopes. Another tactic includes impersonating friends or loved ones to urgently request money. The Better Business Bureau has seen a 50% increase in gift card fraud reports this year. Consumers are advised to photocopy gift cards, keep receipts, and be persistent in resolving fraudulent charges.
FTC and BBB issue warnings about holiday delivery scams
The Federal Trade Commission (FTC) is warning consumers to be cautious of scammers during the holiday season. The FTC highlighted the prevalence of fake shipping notification and invoice scams, where scammers attempt to steal personal information from unsuspecting shoppers. These scammers send messages that mimic legitimate company communications, urging recipients to click on links to reschedule deliveries or update shipping preferences. Clicking on these links can lead to the installation of malware or the disclosure of sensitive information. The FTC advises consumers to verify the legitimacy of messages by contacting the shipping company directly and to refrain from clicking on suspicious links or providing personal information.