Latest Consumer protection and advocacy News

Australia mulls tougher cybersecurity laws after data breach

Sep. 26, 2022 07:07 AM EDT

CANBERRA, Australia (AP) — The Australian government said on Monday it is considering tougher cybersecurity rules for telecommunications companies and blamed Optus, the nation’s second-largest wireless carrier, for an unprecedented breach of personal data from 9.8 million customers. ...

Family: Man killed in crash never got air bag recall notice

Sep. 23, 2022 13:58 PM EDT

FORT LAUDERDALE, Fla. (AP) — When Florida Highway Patrol troopers arrived at a crash scene in the Panhandle this summer, they found a 23-year-old Navy officer dead at the wheel with neck wounds that initially looked like a possible shooting. A trooper later messaged the U.S....

Lawsuit: California utility targeted Asians in pot searches

Sep. 22, 2022 20:57 PM EDT

SACRAMENTO, Calif. (AP) — Extraordinary use of electricity has long been a telltale sign of illegal grow houses producing thousands of marijuana plants hidden in seemingly ordinary homes. But a lawsuit filed by a data privacy watchdog says a Northern California utility went too far...

Bank CEOs questioned on consumer protections, social issues

Sep. 22, 2022 14:49 PM EDT

NEW YORK (AP) — The CEOs of the nation’s biggest banks returned to Capitol Hill for a second day Thursday, and Senate Democrats strongly urged them to do more to help and protect their customers, while Republicans questioned whether banks should weigh in on hot-button social issues. ...

Bank CEOs warn that US economy faces 'daunting' challenges

Sep. 21, 2022 18:26 PM EDT

WASHINGTON (AP) — The CEOs of the nation's biggest banks appeared in front of Congress Wednesday and gave a dim view of the U.S. economy, reflecting the financial and economic distress many Americans are facing. JPMorgan Chase's Jamie Dimon, Citigroup's Jane Fraser and other chief...

As 'buy now, pay later' plans grow, so do delinquencies

Sep. 15, 2022 12:50 PM EDT

NEW YORK (AP) — Americans have grown fond of “buy now, pay later” services, but the “pay later” part is becoming increasingly difficult for some borrowers. Buy now, pay later loans allow users to pay for items such new sneakers, electronics, or luxury goods in...

Ryanair cancels Hungary routes over windfall tax dispute

Sep. 13, 2022 10:11 AM EDT

BUDAPEST, Hungary (AP) — Budget airline Ryanair announced Tuesday that it will cancel several routes through Hungary and cut flights on several more following a months-long dispute with the country's government over a special windfall tax placed on airlines. The Ireland-based...

Regulators try to stop unlawful nursing home debt collection

Sep. 08, 2022 17:21 PM EDT

WASHINGTON (AP) — Nursing homes and debt collectors are flouting a law that prohibits them from requiring friends and family of care home residents to shoulder the costs of the facilities, according to a federal report issued Thursday. The Consumer Financial Protection Bureau said...

California aims to lower fire insurance costs for homeowners

Sep. 07, 2022 20:48 PM EDT

SACRAMENTO, Calif. (AP) — California moved Wednesday to become the first state to lower insurance costs for property owners who make improvements to reduce their fire risk, the state's insurance commissioner said as wildfires again flared across the heat-stricken state. But the...

Millennial Money: Why you should increase credit limits now

Sep. 06, 2022 07:37 AM EDT

Relying on a credit limit in a shaky economy is the equivalent of expecting a weak bridge to weather a storm and carry you to survival. It’s not uncommon for credit card issuers to minimize their risk by lowering credit limits or closing accounts when there’s potential for...