Latest Consumer affairs News

US eases restrictions on Wells Fargo after years of strict oversight following scandal

Feb. 15, 2024 20:35 PM EST

NEW YORK (AP) — The Biden administration eased some of the restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals. The news sent Wells Fargo's stock up sharply Thursday as investors speculated that the bank,...

EU Parliament's environmental committee supports relaxing rules on genetically modified plants

Jan. 24, 2024 10:11 AM EST

BRUSSELS (AP) — Lawmakers on the European Parliament’s environment committee on Wednesday backed a proposal to relax rules on genetically modified plants produced using so-called new genomic techniques, prompting strong criticism from environmental groups. The issue of...

Winter weather is snarling air travel. Here's what to do if your flight is canceled

Jan. 17, 2024 18:53 PM EST

A winter storm made its way across the eastern half of the United States on Wednesday, snarling traffic in the air and on the highways. By early afternoon in the East, more than 1,000 U.S. flights had been canceled and 4,000 others were delayed, according to FlightAware. The brunt of...

Here are the 'Worst in Show' CES products, according to consumer and privacy advocates

Jan. 11, 2024 18:44 PM EST

The best CES products pierce through the haze of marketing hype at the Las Vegas gadget show to reveal innovations that could improve lives. The worst could harm us or our society and the planet in such “innovatively bad” ways that a panel of self-described dystopia experts has...

Editorial Roundup: Indiana

Jan. 02, 2024 07:16 AM EST

Fort Wayne Journal Gazette. December 28, 2023. Editorial: BMV continues to collect millions selling drivers’ information A data privacy law, proposed by state Sen. Liz Brown, R-Fort Wayne, and signed by Gov. Eric Holcomb in the 2023 legislative session, made Indiana...

Southwest Airlines reaches $140 million settlement over holiday flight-canceling meltdown last year

Dec. 18, 2023 09:56 AM EST

DALLAS (AP) — Southwest Airlines will pay a $35 million fine as part of a $140 million settlement to resolve a federal investigation into a debacle in December 2022 when the airline canceled thousands of flights and stranded more than 2 million travelers over the holidays. Most of...

Amazon, Target and more will stop selling water beads marketed to kids due to rising safety concerns

Dec. 14, 2023 18:31 PM EST

NEW YORK (AP) — Three major retailers — Amazon, Target and Walmart — say they're suspending sales of water-bead products marketed to young children due to growing safety concerns. Water beads are small, colorful balls made of superabsorbent polymers. They are often sold as...

Liz Weston: Investing for retirement — Why you might want to reconsider that 403(b)

Dec. 11, 2023 09:15 AM EST

Like many other educators, high school science teacher Robert Curtiss of Dearborn, Michigan, thought he was doing the right thing by investing in his school district’s 403(b) retirement plan. Then federal regulators charged the company handling Curtiss’ investments with fraud. In...