The cost of a life-saving EpiPen from drug maker Mylan increased as much as 600% in just nine years. That’s simply too much, lawmakers say, with some legislators now calling on the pharmaceutical giant to drop its price immediately, while others are pushing for a congressional hearing on the matter. [More]
Planning ahead can go a long way when it comes to reducing the amount of stress parents face when flying with their young children. At least that was Becca’s thought when she researched and decided to pay extra so her 7-month-old son could travel rear-facing in his safety seat on a recent American Airlines flight. Despite Federal Aviation Administration rules — and American’s own policies — things didn’t go as planned when a flight attendant ordered Becca to move the child seat so the passenger in the row in front of her could recline. [More]
Proponents of self-driving vehicles claim the new technology will decrease the number of crashes occurring on the roadways, thereby reducing the number of driver and pedestrian deaths. But for that to happen, regulators say the new industry must take significant steps to improve autonomous vehicle safety. [More]
After a prolonged, seven-year process of drafting regulations for e-cigarettes, the Food and Drug Administration has finalized rules that treat e-cigs, hookah tobacco, pipe tobacco, and premium cigars the same as traditional cigarettes and cigars. [More]
A month after Anheuser-Busch InBev cleared one huge regulatory hurdle in gaining approval for its $107 billion SABMiller merger with the sale of SABMiller’s half of China’s largest brewer, the beer behemoth is looking to appease regulators on other continents. This time it happens to be the European Union and the sale of premium brands Peroni and Grolsch. [More]
Airbnb’s hometown of San Francisco voted down a proposition that would have limited the number of days per year that a host on the service can rent out a room or property, with the goal of keeping scarce housing stock as housing, not places for tourists. Yet the company is preparing for similar future battles in San Francisco and in other cities, and will start by nagging hosts in San Francisco. [More]
Dealers Stop Sale Of New, Pre-Owned VW, Audi & Porsche Vehicles Covered In Latest Emissions Violations
Just a day after Volkswagen executives said the car company would not stop the sale of vehicles included in the Environmental Protection Agency’s newest notice of violation for emission standards, the manufacturer backtracked, and now says it will tell dealers not to sell certain VW, Audi and Porsche models. [More]
Just hours after federal and state regulators accused Volkswagen of using so-called “defeat devices” on newer model cars in order to ensure they passed emissions tests, the carmaker said the allegations aren’t true and that it will continue to allow sales of the recently identified automobiles. [More]
A month and a half after the Environmental Protection Agency and California Air Resources Board found “defeat devices” designed to cheat emission tests in nearly 500,000 Volkswagen and Audi vehicles, the agencies’ ongoing investigation found additional Clean Air Act violations in the carmaker’s newer model Porsche, Audi and VW cars. [More]
Earlier this year, the Consumer Financial Protection Bureau launched a public probe into potentially anti-consumer practices of the student loan servicing industry. More than 30,000 people responded, leading the Bureau, along with the Departments of Education and Treasury, to release a framework they hope will curb these questionable practices, promote borrower success, and minimize defaults. [More]
While the Environmental Protection Agency ordered Volkswagen to recall nearly 500,000 sedans equipped with software that tricked emissions tests, the carmaker announced on Tuesday that more than 11 million vehicles actually include the so-called defeat device. [More]
When a car has a major flaw, like a potentially lethal airbag, it gets recalled. Same for a coffeemaker, or a surfboard, or a prescription drug. But when that major flaw is in a product’s software — like a huge exploit that puts literally a billion consumers’ privacy and personal data at risk — there’s no universal process out there for remedying the situation. Do we need one? And if so, how can we get one? [More]
A month after the implementation of long-awaited regulations aimed at reining in for-profit colleges went into effect, opponents of the new rules aren’t simply backing away nicely. Instead, they continue push repeal of the new law, saying it unfairly targets the proprietary schools.
It’s the FCC’s job to determine if broadband internet service is reaching enough people, quickly enough and competitively enough. To make that determination, every year they issue a report looking at the current state of broadband and how it’s changed. But broadband isn’t about wires anymore; it’s about wireless data and how quickly that moves (or doesn’t), too. And so the commission is considering a big change to their standards for the next go-around — one that would take a hard look at your cell service, too.
As regulators continue to craft rules meant to crackdown on costly and harmful short-term payday lending, companies are offering alternative products like installment loans and open lines of credit to consumers. But, as it turns out, these cash infusions can be just as devastating to those in need, and few states offer sufficient protections for borrowers. [More]