Amazon is taking its recent crackdown on fraudulent reviews a step further by implementing a system to ensure customers see the most authentic – and helpful – reviews of a product first. [More]
Revamping The System
CFPB Wants Better, Faster Database Of Credit Card Agreements
Much like a restaurant that has to shutter for a short time while installing new kitchen equipment, federal regulators occasionally have to press pause on an important process to fix things for the long haul. So in order to improve the Consumer Financial Protection Bureau’s public database of credit card agreements, the agency is planning to give banks a brief break from having to file those documents with the system. [More]
Los Angeles Mulling Idea Of Uber-Like App To Make Taxi Industry More Competitive
Two weeks after Los Angeles and San Francisco sued Uber for an array of issues, one of the cities is mulling the idea of making their own taxi system more like the ride-sharing service with a mobile app that would allow customers to hail and pay their fare with the press of a button. [More]