Posts in category Consumer Protection


Consumer Protection

Free AI Chatbot Goes to Bat for Beleaguered Consumers

DoNotPay, an AI-based chatbot app created to help fight parking tickets in the UK, now addresses roughly 1,000 consumer concerns and is available throughout the U.S. as well as across the pond. The app’s creator, Stanford student Joshua Browder, announced the expansion last week. Powered by IBM Watson, DoNotPay has about 1,000 bots capable of tackling a variety of legal and service issues.

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Consumer Protection

US Rep Likens Consumer Financial Protection Bureau to ‘Tyranny’

The Financial Protection Bureau has come under increasing fire from Republican lawmakers who now have the Trump administration to back their efforts. Long-time critic Rep. Jeb Hensarling, R.-Texas, who chairs the House Financial Services Committee, compared the bureau to a tyranny in a recent interview. Hensarling reportedly is preparing legislation to enact CFPB reforms.

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Consumer Protection

Bill Bolsters Legal Efforts of Wells Fargo Fraud Victims

U.S. lawmakers have introduced legislation to stop Wells Fargo from enforcing arbitration agreements with victims of fraud it perpetrated against them. Sen. Sherrod Brown, the ranking member of the Senate Committee on Banking, Housing and Urban Affairs, and Rep. Brad Sherman, a member of the House Financial Services Committee, introduced the Justice for Victims of Fraud Act of 2016.

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Consumer Protection

T-Mobile Fined $48M for Pulling Wool Over Customers’ Eyes

The United States Federal Communications Commission on Wednesday announced that T-Mobile has agreed to a penalty of $48 million for misleading customers about restrictions on its so-called unlimited data plans. The company failed to inform subscribers to unlimited plans on its wireless networks and those of MetroPCS, which it owns, that their data bandwidth would be throttled when they hit a preset ceiling.

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Consumer Protection

Samsung Catches a Small Break in Midst of Note7 Battery Pummeling

Samsung stock recovered slightly on Tuesday from the nosedive it took Monday, after regulators urged consumers to turn in more than 2.5 million Galaxy Note7 smartphones. Shares closed 4.2 percent higher on Tuesday, erasing some of Monday’s $14 billion loss in market value. The FAA’s alert came in response to a small number of reports of the phone’s lithium ion batteries catching fire.

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