This week, the Consumer Financial Protection Bureau celebrates its fourth anniversary of protecting consumers from harmful practices and shady characters in the financial sector. But instead of buying the regulatory arm a big ol’ birthday cake, a federal appeals court is gifting the Bureau with a revived lawsuit challenging its constitutionality. [More]
Although poverty isn’t much fun, it can be entertaining and informative to impose severe restrictions on spending for a short period, just to see what you’re made of. [More]
Best Buy, Circuit City, and Sears are all contesting the FCC’s recent fines against them for not properly following analog transition rules in their stores, reports Ars Technica. Last week, Best Buy submitted a 41-page response (PDF) that claimed among other things that the FCC has no authority to fine them.
A CBS investigation has revealed that parking tickets stemming from 85% of the parking meters in Philadelphia are invalid. Pennsylvania law requires inspectors to certify each parking meter for accuracy once every three years, but the single inspector working for Philly’s Licenses and Inspections Department, the city agency in change of certification, has visited less than 15% of all parking meters—but he has found the time to certify some meters 8 times while others go completely unchecked. As a result, thousands of parking tickets are invalid under state law.