Search results for: arbitration

Bank Overdraft Policies Have Improved, But Not Enough To Protect Most Consumers

Bank Overdraft Policies Have Improved, But Not Enough To Protect Most Consumers

Over the years, banks across the country have modified their policies regarding overdraft fees to comply with federal regulations — including requiring consumers to opt-in to the costly protection. Despite this, account holders spend nearly $32 billion each year on the fees. And according to a new report, that likely won’t end anytime soon, as most large U.S. banks continue to charge high, sometimes exorbitant overdraft fees.  [More]

House ‘Freedom Caucus’ Asks Trump To Undo 232 Rules On Net Neutrality, Tobacco, Nursing Homes & Ceiling Fans

House ‘Freedom Caucus’ Asks Trump To Undo 232 Rules On Net Neutrality, Tobacco, Nursing Homes & Ceiling Fans

What’s on your wish list this holiday season? For the few dozen members of the House of Representatives Freedom Caucus, the hope to see President-elect Donald Trump undo or revise more than 200 federal rules involving everything from tobacco to food labels to ceiling fans to your constitutional right to bring a lawsuit against your credit card company. [More]

Comcast

Happy New Year, Comcast Customers: Your ‘Broadcast TV’ & ‘Regional Sports’ Fees Are Going Up 50%

The new year brings new things, and at this point it’s all but traditional for cable and satellite companies to announce customers will face higher charges in January than in the December before. But Comcast isn’t just increasing its bundle rates a few percentage points in 2017; it’s going to significantly increase how much all of its pay-TV customers pay for a pair of highly controversial fees. [More]

“Security As An Afterthought:” 3 Frightening Privacy Claims From Former Uber Staffers

“Security As An Afterthought:” 3 Frightening Privacy Claims From Former Uber Staffers

Even if you’re a fan of Uber’s service, it’s often difficult to not take issue with the company’s short history of: disregarding taxi regulations, having questionable screening procedures for drivers, taking a casual approach to customer privacy, and forbidding both its employees and users from bringing lawsuits. Now, several former Uber security staffers are pulling back the veil on what they see as problems at the hugely popular ridesharing service. [More]

Ludovic Bertron

Banks Ask Congress To Alter Consumer Financial Protection Bureau, Roll Back Pro-Consumer Regulations

While virtually all federal agencies will soon see a change in leadership when President-elect Trump enters the White House, the future of the Consumer Financial Protection Bureau and its Director remain in question. In an effort to work around those legal concerns, the banking industry has called on Congress to legally change the structure of the CFPB, and to roll back a number of the CFPB’s recent and pending regulations on banks and lenders. [More]

gjacobs228

Instacart Workers Say They Were Illegally Misclassified As Independent Contractors

To say that things have been contentious between Instacart and its hired shoppers and drivers would be a bit of an understatement, following backlash the company received when overhauling — and then again revamping — the way it handles tips. Last week, workers took things to another level, suing the grocery delivery startup claiming it broke state and federal labor laws.  [More]

For-Profit College Industry Eyes Resurgence Under Trump Administration

For-Profit College Industry Eyes Resurgence Under Trump Administration

At its height, the for-profit college industry represented about 25% of all federal student aid, even though these schools only accounted for about 8% of U.S. college students. Meanwhile, these schools were spending the large majority of their money on advertising instead of education, and their students were defaulting on loans at double the rate of other borrowers. Since then, several education chains have shuttered due in no small part to federal investigations and regulations, but investors are seeing sunnier days ahead under a business-friendly Trump White House. [More]

Louis Abate

In Time For Black Friday, Judge Issues Restraining Order Against Striking Pilots At Amazon-Backed Cargo Line

About 40 hours after pilots at Amazon-backed cargo airline ABX went on strike, threatening to throw a wrench in the holiday shipping plans of the country’s largest online retailer (and others), a federal judge has granted a temporary restraining order against the striking pilots. [More]

Tom Richardson

Net Neutrality, FCC Itself Likely To Face Big Challenges Under Trump Administration

In the two weeks since being named president-elect, Donald Trump has already named a handful of nominees to key positions and expanded his transition team to help determine who should fill in those other spots, and what policies will guide them. Based on the backgrounds of the two men heading up the FCC transition efforts, some of the Commission’s recent efforts will likely be rolled back, and the FCC’s entire role may be reconsidered. [More]

kevindean

A Strike At An Airline You Probably Never Heard Of Could Mess Up Your Christmas Shopping

Unless you work in shipping logistics or aviation, you’re probably not familiar with ABX Air. You can’t book a ticket on the Ohio-based airline; it doesn’t carry passengers. It carries boxes. And as the companies it carries boxes for — including Amazon — are ramping up for the super-busy holiday retail season, ABX pilots have gone on strike, potentially leaving a lot of those boxes in the lurch. [More]

Adam Fagen

Financial Regulators Race To Finish New Rules, But Congress Can Still Try To Roll Them Back

The wheels of government turn slowly, especially when it comes to rulemaking — the process by which a federal agency proposes, drafts, and finalizes new rules. It can take anywhere from a few months to a few years for this process, but with the incoming Trump administration giving every indication of having a light-touch on regulation, financial regulators have reportedly kicked things into high gear to finish up pending rules in the next two months, even though Congress may be able to roll them back. [More]

Adam Fagen

Future Looks Dim For Consumer Financial Protection Bureau Under Trump Presidency

On the campaign trail, President-elect Donald Trump made his disdain for the 2010 Dodd-Frank financial reforms clear, leaving many to wonder what a Trump White House would mean for the Consumer Financial Protection Bureau — the financial services regulator created by the 2010 legislation. Now that pieces are beginning to fall into place for the Trump transition plan, the outlook for the CFPB does not appear very bright. [More]

Customer Sues Charter, Time Warner Cable Over “Broadcast TV” Fees; Doesn’t Seek Monetary Damages

Customer Sues Charter, Time Warner Cable Over “Broadcast TV” Fees; Doesn’t Seek Monetary Damages

Last month, Comcast customers accused the cable company of illegally using its “Broadcast TV” and “Regional Sports” fees to raise customers’ bills by as much as $10/month. Now a customer of the recently merged Time Warner Cable and Charter Communications is accusing the providers of breaking the law by using similar fees to hide rate hikes while implying to subscribers that these surcharges are required by the government. [More]

Freaktography

Court: Nursing Homes Can Continue Stripping New Residents Of Their Right To Day In Court

In September, the federal Centers for Medicare & Medicaid Services (CMS) issued a new rule that would prevent most nursing homes and other long-term care facilities from using forced arbitration to strip new residents of their right to file lawsuits against these companies. The industry soon fired back by doing the very thing it doesn’t want its customers to do: filing a lawsuit. This morning, the judge in the case granted the industry’s request for a preliminary injunction preventing the new rule from being enforced. [More]