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Consumer Protection

All articles tagged with #consumer protection

EU opens formal probe into Shein over illegal products and opaque recommendations
business11 days ago

EU opens formal probe into Shein over illegal products and opaque recommendations

The European Commission has opened a formal investigation into Shein for suspected breaches of EU law, including illegal products (such as childlike sex dolls and weapons), addictive design features, and opaque recommender systems under the Digital Services Act; the probe will assess compliance and transparency, with a ban considered only as a last resort if Shein does not cooperate.

FTC Reaches Landmark Settlement with Express Scripts to Slash Drug Costs and Boost Transparency
business24 days ago

FTC Reaches Landmark Settlement with Express Scripts to Slash Drug Costs and Boost Transparency

FTC settlement ends Express Scripts’ rebate practices that inflated insulin prices, requiring reforms that base patient costs on net price, boost transparency, and shift to a cost-based model at retail pharmacies. The deal could cut patients’ out-of-pocket costs by up to $7 billion over 10 years and bring new revenue to community pharmacies, while reshoring the Ascent GPO to the United States; a 30-day public comment period precedes final order.

New York City bans resort fees and requires full upfront lodging costs
local1 month ago

New York City bans resort fees and requires full upfront lodging costs

NYC Mayor Mamdani announces a rule banning resort/destination fees for hotels, Airbnb, and other lodging advertised in NYC, requiring full upfront disclosure of the total nightly cost; the rule applies even if the stay is booked from outside NYC and imposes fines starting at $525 per day for violations, up to $3,500 for subsequent offenses; deposits must be disclosed, taxes excluded, with enforcement by the Department of Consumer and Worker Protection, effective Feb. 21.

New NYC Consumer Chief Vows Aggressive Crackdown on Delivery Apps
local1 month ago

New NYC Consumer Chief Vows Aggressive Crackdown on Delivery Apps

New York City's new Commissioner of the Department of Consumer and Worker Protection, Samuel Levine, pledges a tougher, more public enforcement stance, signaling aggressive action including a Motoclick lawsuit and a report accusing DoorDash and Uber Eats of engineering app tricks to drain workers’ tips, as Mayor Mamdani expands the department’s consumer-protection agenda and resources.

Oracle Bondholders Sue Over AI Buildout Financing Disclosure
legal1 month ago

Oracle Bondholders Sue Over AI Buildout Financing Disclosure

Bondholders filed a class-action in New York state court alleging Oracle and top executives failed to disclose the need to raise substantial additional debt to fund AI infrastructure after announcing a major OpenAI computing deal, a move that coincided with a drop in bond values as Oracle borrowed to back data-center projects.

Bipartisan push to simplify subscription cancellations reintroduces the Unsubscribe Act
politics1 month ago

Bipartisan push to simplify subscription cancellations reintroduces the Unsubscribe Act

Democrat Mark Takano and Republican Mark Amodei reintroduce the Unsubscribe Act to curb complex cancellation processes, require explicit consent for charges after free trials, and prohibit auto-renewal, arguing that cancelling should be as easy as signing up. The measure follows an 8th Circuit ruling that blocked the FTC’s so-called ‘click-to-cancel’ rule and comes as the FTC seeks input on reviving similar protections. While consumer groups back the bill, industry coalitions oppose it. Surveys estimate Americans lose hundreds annually to unused subscriptions, underscoring the policy push.