Legislators
Medical debt is a prevalent problem for Americans, with $88 billion in outstanding medical debt on consumer credit reports as of June 2021, according to the Consumer Financial Protection Bureau (CFPB). Uninsured, Black, and Hispanic Americans are disproportionately affected, with 19% of people reporting having medical bills they could not
Financial services
The UK's consumer finance market is experiencing a shift in balance between consumer protection and access to credit, driven by ongoing regulatory efforts. As a result, financial institutions must adapt to navigate this dynamic environment effectively. ResearchAndMarkets.com has added a comprehensive online training, "Operating in the
Financial services
The Consumer Financial Protection Bureau (CFPB) has announced plans to reconsider the Personal Financial Data Rights Rule, which governs the collection and use of personal financial information by financial institutions. The CFPB is seeking public comment on the rule, which is currently set to expire in 2025. The notice of
Financial services
The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have been active in recent weeks, taking enforcement actions and issuing regulatory announcements that impact the consumer protection landscape. The FTC has sent warning letters to 13 technology companies regarding data security and censorship, cautioning them against weakening
Financial services
Websites and platforms design digital acquisition journeys and customer outcomes in the consumer credit market to "nudge" customers into making certain transactional decisions. However, regulators have concerns that some elements of platform design might not always be in consumers' best interests. The EU's Digital Fairness
Financial services
Between August 18 and 22, the Consumer Protection Institute (Procon-AM) of the Amazonas State Government conducted a series of inspections in the municipalities of Coari and Codajas. The inspections were prompted by complaints sent to Procon-AM's email address, reporting irregularities in commercial establishments, such as slow bank service
Telecommunications industry
As the Canadian government upholds the decision by the Canadian Radio-television and Telecommunications Commission (CRTC) to allow large telecom companies to resell high-speed internet service over each other's fibre networks, fierce opposition from industry rivals has ensued. The goal, according to Industry Minister Mélanie Joly, is to increase
Telecommunications industry
Department of Information and Communications Technology (DICT) secretary Henry Aguda emphasized that the proposed "Konektadong Pinoy" bill aims to safeguard consumer rights and promote competition, rather than undermine the country's telecommunications providers. Speaking at a Philippine Chamber of Commerce and Industry (PCCI) event, Aguda highlighted the
Telecommunications industry
The Nigerian Communications Commission (NCC) has introduced a series of reforms aimed at enhancing consumer protection and improving service delivery in the telecommunications sector. The 2024 regulatory framework is designed to foster transparency, fair business practices, and accountability among telecom operators. One of the key regulations, the Consumer Code of
Telecommunications industry
The Australian Competition and Consumer Commission (ACCC) has taken Google to court for its alleged anti-competitive search deals with Telstra and Optus. The ACCC, a government body responsible for protecting consumers and promoting fair trading and competition, has initiated federal court proceedings against Google Asia Pacific. Google has admitted liability
Cryptocurrencies
President Donald Trump has signed the GENIUS Act, a legislation aimed at regulating stablecoins and providing consumer protections for users. The new law is a significant milestone for the cryptocurrency industry, which has invested heavily to strengthen its legitimacy and political might. The GENIUS Act has been touted as a
Cryptocurrencies
Congresswoman Lori Trahan (MA-03) has issued a statement after the U.S. House of Representatives passed two key cryptocurrency bills: the S. 1582, the GENIUS Act, and H.R. 3633, the Digital Asset Market Clarity Act of 2025. Trahan expressed her support for the GENIUS Act, citing its importance in
