The Department of Education’s gainful employment rules, aimed at reigning in the for-profit college industry, came one step closer to its July implementation today as a judge threw out a for-profit industry lawsuit that attempted to further weaken the upcoming law. [More]
Government Policy
FCC Proposes Giving Consumers Right To Block Telemarketing Calls & Texts
By 5.27.15
You know what’s not awesome? Answering your phone only to be greeted by a prerecorded robocall telemarketing message. Even a decade after the establishment of the Do Not Call registry and rules banning certain types of robocalls, unwanted calls and messages still top the list of complaints to the FCC each year. Today, FCC Chair Tom Wheeler proposed closing some additional loopholes in order to cut down on these annoying intrusions. [More]
Could Takata’s Replacement Airbags Be Just As Dangerous?
By 5.27.15
Generally when consumers take their vehicles to a dealer for a recall remedy, they leave with the peace of mind that the potential safety issue has been fixed. That may not end up being the case for more than 34 million recently recalled vehicles equipped with Takata airbags, as the parts manufacturer, automakers and federal regulators struggle to determine why the safety devices have the tendency to spew pieces of shrapnel upon deployment. [More]
Ford Recalls Nearly 445K Vehicles For Power Steering Failure, Fuel Leak Issues
By 5.27.15
Ford Motor Company issued two new recalls Wednesday covering nearly 445,000 vehicles after receiving numerous complaint and incident reports, including at least four accidents related to loss of power steering and high underbody temperatures. [More]
Reynolds, Lorillard Must Sell Salem, Kool, Maverick & Winston Brands To Gain Approval Of $27.4B Mega-Cigarette Merger
By 5.27.15
You may recall that last July the No. 2 and No. 3 cigarette brands in the country announced they were planning to go all in on a $27.4 billion merger. This week the two companies received the blessing from federal regulators, as long as they divest four cigarette brands to a UK-based company. [More]
IRS: Thieves Obtained Information On 100,000 Taxpayers From Transcript System
By 5.26.15
A tax transcript is a document from the IRS that shows key information from tax returns that you’ve already filed, or changes to what you and the government owe each other that may have been made after the return was filed. You can normally order them online, but the system is now closed after the IRS learned that people identified only as “thieves” accessed transcripts for about 100,000 people. [More]
Why Charter Thinks Their Plan To Buy TWC Is Different Enough To Succeed Where Comcast Failed
By 5.26.15
After months of rumors, this morning it became official: Charter plans to step in where Comcast failed, with a $55 billion plan to acquire Time Warner Cable. Regulators looked unfavorably on Comcast’s bid, finding it would have too many negative effects on consumers and on competition. But Charter clearly would not be trying its own takeover, with such a huge price tag, if they didn’t think they stood a good chance of success. So what makes the second offer so different from the first — and is it any more likely to succeed? [More]
For-Profit Educator Ashworth College Settles FTC Charges It Misrepresented Career Opportunities, Transfer Credits
By 5.26.15
Federal regulators’ crackdown on the for-profit education industry continued today as Georgia-based Ashworth College agreed to settle Federal Trade Commission charges the company misled students about career training and credit transfers. [More]
GM Could Face Criminal Charges Over Ignition Defect That Killed More Than 100
By 5.26.15
General Motors might be able to wriggle out of class action fraud lawsuits over the long-ignored ignition defect in multiple vehicles that ultimately killed more than 100 people, but the company could still face criminal charges from federal prosecutors. [More]
Oh, Good: Four More Reports Of Iron Cross Blister Beetles In Salads
By 5.26.15
Last week, we shared the mildly disturbing news that four different people in three states had found a particular species of potentially toxic beetle in their organic salads. Those were just the people who found their way to a bug-identification community on Reddit: how many more beetles were out there lurking in America’s salads? The answer, we learned this weekend, is at least four. [More]
Why Your Cable Company Doesn’t Always Know If Your New Address Gets Service
By 5.26.15
There’s a story we hear far too often: someone is buying a house. Before they put any money down, they do their research. They call the local cable/Internet provider to make sure they can get broadband service at this new address. They double-check. They triple-check. They search the property for wires, call back, and make sure they’ll be okay. Then they take out the mortgage, move in, and… surprise! There’s no broadband service after all, there won’t be any, and now they’re up a very expensive creek. [More]
Walmart To Require Meat Suppliers Provide Data On Antibiotics Use
By 5.22.15
Antibiotics used on farm animals account for more than 80% of all antibiotics sold in the U.S., and many of these drugs are medically important to the health of human beings. The overuse of antibiotics results in the development of drug-resistant pathogens, thus making the antibiotics less effective and requiring more potent drugs. Some of the nation’s biggest buyers of meat are making the switch toward purchasing antibiotic-free meat (or meat that is only given drugs not deemed medically important to humans), and today Walmart said it will begin collecting and sharing data on the antibiotics used by its meat suppliers. [More]
AT&T Will Try To Make First Amendment Case Against Net Neutrality
By 5.22.15
When you think of the Internet and First Amendment issues, your mind probably conjures up images of people being able to freely express themselves online through websites, videos, and social media. But if you’re AT&T, the First Amendment was created to give Internet service providers the authority to have some sort of editorial control over the data they carry. [More]
CDC Links Salmonella Outbreak Reported in 9 States To Sushi Made With Raw Tuna
By 5.22.15
Raw seafood might be delicious, but there’s always that chance that it could make you sick: The Centers for Disease Control and Prevention says that while it hasn’t conclusively determined the cause of a recent salmonella outbreak that’s spread to nine states and infected up to 53 people, it could be linked to sushi made with raw tuna. [More]
FCC Chair: Relax, Cable Companies, Not All Mergers Are Necessarily Doomed Forever
By 5.22.15
The collapse of the much-discussed, absolutely enormous Comcast/Time Warner Cable merger earlier this year might have been an occasion for consumers and consumer advocates to cheer — but for businesses, it was much less good news. Cable companies that want to buy other cable companies are kind of freaked out: what if the FCC is hostile to their plans, too? [More]
NHTSA Once Again Flexes Regulatory Muscle Over GM, Manufacturers Who Used Takata
By 5.22.15
Since taking the helm of the National Highway Traffic Safety Administration in January, Mark Rosekind has made his intention to hold automakers responsible for safety issues well known. This week, the agency continued tightening the reins by extending oversight requirements imposed on General Motors stemming from its ignition switch defect and invoking its legal authority to speed up the recall process related to millions of vehicles recalled for Takata airbag defects. [More]
FDA Report Shows Jeni’s Splendid Ice Creams Failed To Adequately Comply With Testing, Cleaning Procedures
By 5.21.15
While Jeni’s Splendid Ice Creams prepares to reopen its scoop shops this weekend, newly released federal investigation reports show the Ohio-based company’s issues date back several years before its public battle with listeria contamination. [More]
58 Senators Urge CFPB To Create Rules Against Forced Arbitration Clauses In Financial Products
By 5.21.15
A month after legislation was introduced to eliminate mandatory arbitration clauses in employment, consumer, civil rights and antitrust cases, a coalition of 58 lawmakers and several consumer advocate groups are urging the Consumer Financial Protection Bureau to take things a step further by protecting consumers from forced arbitration clauses in financial services contracts. [More]
