Search results for: arbitration

Mr Seb

Equifax Says Site Vulnerability Behind Massive Breach; FTC Confirms Investigation

It’s been a week since credit reporting agency Equifax admitted it had lost sensitive personal data for 143 million American consumers — one of the worst data breaches yet. Now, the company says it knows how the intruders got in… and it’s through a bug that was first identified six months ago. [More]

Equifax Drops Controversial Condition From Free Credit Monitoring Service

Equifax Drops Controversial Condition From Free Credit Monitoring Service

While the free credit monitoring service being offered by Equifax to the millions victims of its massive data breach leaves a lot to be desired, the company is remedying one of the more controversial aspects of the program — a condition that stripped consumers of their right to file a lawsuit in court. [More]

Don’t Take Equifax Up On Its Credit Monitoring Offer

Don’t Take Equifax Up On Its Credit Monitoring Offer

As anyone able to tear themselves away from hurricane bulletins last week knows, credit reporting bureau Equifax shared the news that the personal information of 143 million Americans was compromised earlier this year. Yet while plenty of companies, including Equifax itself, are happy to give or sell you credit monitoring services after such a massive breach, that doesn’t mean you should take them up on it. [More]

Equifax Already Being Sued Over Massive Breach; Company Criticized For Amateurish Response To Theft

Equifax Already Being Sued Over Massive Breach; Company Criticized For Amateurish Response To Theft

Within hours of Equifax — one of the nation’s three major credit bureaus — confirming that the records of some 143 million people had been compromised in a data breach, the company now faces a lawsuit accusing it of failing to protect its stockpile of sensitive consumer information. Meanwhile, some critics are saying that Equifax’s response to the breach may be causing more harm than good. [More]

Freaktography

More Than 1-In-4 Nursing Home Abuse Cases May Go Unreported To Police

Just as the Trump administration is attempting to prevent nursing home residents or their families from ever being able to sue longterm care facilities for neglect or fraud, a federal audit claims that an alarming percentage of physical and sexual abuse cases at nursing homes may be going unreported to law enforcement. [More]

Elliott Brown

Federal Appeals Court Is Okay With Uber Taking Away Customers’ Right To Sue

Like companies in just about every industry, the ride-hailing app Uber requires users to agree that they will take any disputes to an arbitrator rather than the legal system. And although you may never have noticed this clause, a federal appeals court has now ruled that customers receive “reasonably conspicuous” notice about the arbitration requirement. [More]

Freaktography

31 Senators Ask Trump Administration To Not Strip Nursing Home Residents, Families Of Their Legal Rights

Nursing homes and assisted living facilities in the U.S. have faced increasing criticism for shoddy care and bad business practices. At the same time, many of these facilities have begun using contractual language that explicitly prohibits residents or their loved ones from filing lawsuits when things go wrong. Now dozens of senators are calling on the Trump administration to rethink its decision to let this practice continue. [More]

(J.G. Park)

House Votes To Strip Bank & Credit Card Customers Of Constitutional Right To A Day In Court

Because the Sixth and Seventh Amendments of the U.S. Constitution are apparently less important than making sure that banks, credit card companies, student loan companies, and other financial services be allowed to behave badly with impunity, the House of Representatives has voted to overturn a new federal regulation that would have helped American consumers hold these companies accountable through the legal system. [More]

(SarahMcGowen)

Don’t Strip Consumers Of Their Right To A Day In Court, Say Advocates, Senators

Last week, bank-backed lawmakers revealed their plans to pass fast-track legislation that would undo the Consumer Financial Protection Bureau’s recently finalized rules that prevent banks and other financial institutions from stripping customers of their constitutional right to a day in court. Now, consumer advocates are urging the rejection of the legislation, expected to be voted on this week.  [More]

photographynatalia

Lawmakers Who Want To Hand ‘Get Out Of Jail Free’ Card To Banks Made Millions From Financial Sector Last Year

As expected, Republican lawmakers in both the House and Senate have introduced legislation that would overturn new rules intended to make sure that bank and credit card customers aren’t stripped of their right to file lawsuits in a court of law. Not surprisingly, many of the politicians pushing this pro-bank bill recently received significant financial support from the financial sector. [More]

inajeep

GOP Moving Forward With Plan To Block New Legal Protections For Bank, Credit Card Customers

The Consumer Financial Protection Bureau recently finalized new rules that prevent banks and other financial institutions from stripping customers of their constitutional right to a day in court. As expected, bank-backed lawmakers in both the House and Senate are now planning to pass fast-track legislation that would undo these protections and make sure banks retain their “get out of jail free” card. [More]

Adam Fagen

Federal Court Says Uber Minimum Wage Lawsuit Can Go Ahead, Add More Plaintiffs

There’s been a tiny bit of progress for Uber drivers seeking “employee” status along with reimbursement of vehicle expenses and back pay. While other cases have simply settled for large cash payments, one lawsuit that could cover multiple drivers is working its way through the federal court system in North Carolina, and a judge is letting the case go forward as a conditional action under the Fair Labor Standards Act. [More]

(D. Michelson)

Dozens Of Organizations Come Out In Support Of Gainful Employment, Borrower Defense Rules

A week after two separate lawsuits were filed by 19 state attorneys general and a group representing students accusing Education Secretary Betsy DeVos of breaking the law by delaying protections for student loan borrowers, a coalition of more than 50 consumer groups have stepped forward to join the opposition against a “reset” of regulations put in place to protect students at for-profit colleges.  [More]

Joe Gratz

CFPB’s Finalized Arbitration Rule Takes Away Banks’ ‘Get Out Of Jail Free Card’

Roughly 240 days from now, banks and other financial companies will no longer be allowed to prohibit customers from banding together in class-action lawsuits through the use of binding arbitration clauses, as the Consumer Financial Protection Bureau today released a long-awaited finalized rule on arbitration.  [More]

States Say Education Secretary Betsy DeVos Broke Law By Delaying Protections For Student Loan Borrowers

States Say Education Secretary Betsy DeVos Broke Law By Delaying Protections For Student Loan Borrowers

Following Education Secretary Betsy DeVos’ decision to “reset” new regulations put in place to protect students at for-profit colleges, two separate lawsuits now accuse the Secretary of breaking federal law by running roughshod over the regulatory process when she delayed the so-called Borrower Defense rule, which would have made it easier for defrauded students to get out from under their student loan burdens. [More]

Joachim Rayos

With DeVos Unwilling To Defend Rules, States Try To Protect Students Defrauded By For-Profit Colleges

Education Secretary Betsy DeVos has made it clear that she has no intention to defend regulations put in place to protect students at failed for-profit colleges. But a number of states are now attempting to step in to do the job the Department of Education won’t. [More]

Education Secretary Betsy DeVos “Resets” Rules On For-Profit Colleges

Education Secretary Betsy DeVos “Resets” Rules On For-Profit Colleges

Education Secretary Betsy DeVos has announced plans to “reset” two regulations that were recently put in place to hold for-profit colleges more accountable and prevent students at these schools from being left with nothing but debt if their college collapses. [More]

Brad Clinesmith

House Passes CHOICE Act In Move To Roll Back Consumer Financial Protections

The House of Representatives voted today to pass the Financial CHOICE Act, a piece of legislation that, if enacted, would strip away a number of consumer protections put in place following the devastating collapse of the housing market. [More]