Published on: 2025-04-21 11:52:39
The Consumer Financial Protection Bureau has been reduced to a skeleton crew. The department, which was created to oversee banks and financial institutions, has cut about 1,500 jobs , leaving about 200 employees and reducing the agency by about 90 percent. In addition to cutting most of the staff, Chief Legal Officer Mark Paoletta sent a memo detailing the changed priorities for the CFPB. The bureau has been ordered to deprioritize subjects including consumer data, digital payments, medical deb
Keywords: bureau consumer created department financial
Find related items on AmazonPublished on: 2025-04-21 15:27:51
More than 1,400 Consumer Financial Protection Bureau (CFPB) workers were terminated from their positions on Thursday amid a broader Trump administration shakeup at the independent government agency, sources tell WIRED. There were around 1,700 employees in total at the CFPB. The mass reduction in force, or RIF, comes nearly a month after a federal judge issued a temporary restraining order barring the Trump administration from removing probationary employees at the CFPB and other agencies. On Fr
Keywords: agency cfpb consumer employee financial
Find related items on AmazonPublished on: 2025-04-21 23:54:47
The Chinese e-commerce marketplace app DHgate, which is now the No. 2 free iPhone app in the U.S., isn’t the only one that’s oddly benefiting from President Trump’s tariffs on U.S. imports from China. Another Chinese shopping app, Taobao, has now also entered the Top 5 as of Thursday. U.S. consumers began flocking to these apps over the past several days in the wake of numerous TikTok videos from Chinese manufacturers explaining how much of the luxury goods market operates out of China. The vid
Keywords: app chinese consumers luxury taobao
Find related items on AmazonPublished on: 2025-05-03 19:30:00
In Brief Glossier is reportedly fundraising again, aiming to raise $100 million with a valuation “south of a billion dollars,” according to Puck. Glossier, still one of the more popular beauty brands, was last valued at $1.8 billion nearly four years ago but has struggled with profitability and scale these past few years. Glossier did not immediately respond to our request for comment. Sources who spoke to Puck stressed that Glossier doesn’t necessarily need the money, but had a desire for ne
Keywords: consumer glossier investors puck years
Find related items on AmazonPublished on: 2025-05-05 15:25:13
The fintech sector is rallying Wednesday following the Trump administration's announcement of a 90-day pause on planned tariffs. Affirm was up 20%, Toast and Block rose 13% and PayPal increased 10%. The 90-day pause doesn't eliminate the threat of tariffs — it just delays it. Investors are still pricing in risk, including inflation, discretionary pullbacks, hardware import costs and credit exposure. Legacy payment networks such as Visa and Mastercard , both up 6%, continue to benefit from inf
Keywords: consumers costs credit pause tariffs
Find related items on AmazonPublished on: 2025-05-09 19:11:15
Consumer electronics brand Framework announced today on X that it will temporarily suspend US sales of select laptop models as a result of the global tariffs enacted for the country last week. The company said it will remove the Ultra 5 125H and Ryzen 5 7640U versions of its Laptop 13 systems from its website. At the time of publish, that Ultra 5 Intel model is not listed, but the Ryzen 5 one with the AMD chip appears to still be available for purchase. In a follow-up post , the company said th
Keywords: company consumer framework laptop said
Find related items on AmazonPublished on: 2025-05-12 06:22:00
Cars and agricultural products aren't the only goods the Trump administration is targeting with tariffs. As part of the package of tariffs announced on March 5, the US slapped a 10% tariff on Canadian energy in addition to 25% tariffs on nearly all goods imported from Canada and Mexico. At first, some businesses, like carmakers, were temporarily exempted, but that's no longer the case as of April 2. The Trump administration unveiled a list of tariffs for every country in the world, ranging from
Keywords: china consumers oil prices tariffs
Find related items on AmazonPublished on: 2025-05-19 02:52:59
Sometimes, surprises are lurking in everyday data. Take a category of consumers that Doug Rubin’s startup, Northwind Climate, calls “climate doers.” They’re concerned about climate change and tend to prioritize climate-friendly purchases, the sort of identifiers who might be stereotypically associated with things like buying organic foods or prioritizing local businesses. “Turns out that the climate doers category actually are the consumers who most frequent fast-food restaurants,” Rubin told
Keywords: climate consumers northwind rubin startup
Find related items on AmazonPublished on: 2025-05-19 07:52:59
Sometimes, surprises are lurking in everyday data. Take a category of consumers that Doug Rubin’s startup, Northwind Climate, calls “climate doers.” They’re concerned about climate change and tend to prioritize climate friendly purchases, the sort of identifiers that might be stereotypically associated with things like buying organic foods or prioritizing local businesses. “Turns out that the climate doers category actually are the consumers who most frequent fast food restaurants,” Rubin told
Keywords: climate consumers northwind rubin startup
Find related items on AmazonPublished on: 2025-05-20 12:24:00
If the Consumer Financial Protection Bureau doesn't prioritize protecting consumers, does it matter if the watchdog agency still exists? It might seem like a philosophical question, but this could be the CFPB's final chapter. On Friday, a federal court blocked the Trump administration from dismantling the agency with a temporary injunction, ordering employees be reinstated. But some of the damage has already been done. The CFPB has suspended most operations and started unwinding regulations, a
Keywords: agency cfpb consumer consumers financial
Find related items on AmazonPublished on: 2025-05-31 06:05:35
The UK’s Consumer Markets Authority (CMA) has provided an update into its investigation of Ticketmaster after the sale of Oasis reunion tour tickets resulted in grossly inflated ticket prices and numerous consumer complaints. The CMA said that the results of the investigation warranted, “consulting with the ticketing platform on changes to ensure fans receive the right information, at the right time.” Of concern to the CMA was Ticketmaster’s labeling and information practices. In its update, th
Keywords: cma consumer information ticketmaster tickets
Find related items on AmazonPublished on: 2025-06-04 07:44:19
In July 2024, AT&T became the first carrier to apply for a technology transition discontinuance "under the Adequate Replacement Test relying on the applicant's own replacement service," the order said. "AT&T indicated in this application that it was relying on a totality of the circumstances showing to establish the adequacy of its replacement service, but also committed to the performance testing methodology and parameters established in the 2016 Technology Transitions Order Technical Appendix.
Keywords: consumers fcc replacement said services
Find related items on AmazonPublished on: 2025-06-05 14:50:21
Apple continues to face the fallout from its decision to delay the “more personalized Siri” that it first announced last summer as part of Apple Intelligence. Axios reports that Apple is facing a federal lawsuit alleging that its “promotion of now-delayed Apple Intelligence features constituted false advertising and unfair competition.” Apple Intelligence lawsuit Apple Intelligence has played a key role in Apple’s marketing of the iPhone 16. The company has run ads promoting features including
Keywords: apple consumers features intelligence lawsuit
Find related items on AmazonPublished on: 2025-06-05 18:44:19
In July 2024, AT&T became the first carrier to apply for a technology transition discontinuance "under the Adequate Replacement Test relying on the applicant's own replacement service," the order said. "AT&T indicated in this application that it was relying on a totality of the circumstances showing to establish the adequacy of its replacement service, but also committed to the performance testing methodology and parameters established in the 2016 Technology Transitions Order Technical Appendix.
Keywords: consumers fcc replacement said services
Find related items on AmazonPublished on: 2025-06-08 22:36:41
The US Federal Trade Commission (FTC) has taken action against the "Click Profit" business opportunity scheme for allegedly earning $14 million while deceiving consumers with false promises of guaranteed passive income through online stores. Click Profit is an online business paltform promoted on social media and through websites that claims to help consumers generate passive income by setting up and managing e-commerce stores on Amazon, Walmart, and other platforms. The company claims its cus
Keywords: click consumers ftc profit stores
Find related items on AmazonPublished on: 2025-06-10 22:26:47
Packages ride on a conveyor belt during Cyber Monday, one of the company's busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. The Federal Trade Commission is going after an e-commerce company that allegedly took millions of dollars from consumers as part of a "passive income" scheme, which spun up Amazon storefronts on their behalf and promised "insane returns" that were higher than the stock market. The FTC said Tuesday it filed a lawsuit against the company
Keywords: 000 company complaint consumers ftc
Find related items on AmazonPublished on: 2025-06-11 02:15:57
Packages ride on a conveyor belt during Cyber Monday, one of the company's busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. The Federal Trade Commission is going after an e-commerce company that allegedly took millions of dollars from consumers as part of a "passive income" scheme, which spun up Amazon storefronts on their behalf and promised "insane returns" that were higher than the stock market. The FTC said Tuesday it filed a lawsuit against the company
Keywords: 000 company complaint consumers ftc
Find related items on AmazonPublished on: 2025-06-12 14:30:22
After decades of relying on Google’s ten blue links to find everything from travel tips to jeans, consumers are quickly adapting to a completely new format: AI chatbots that do the searching for them. According to new research from Adobe, AI search has become a significant traffic channel for retailers. The company analyzed “more than 1 trillion visits to U.S. retail sites” through its analytics platform, and conducted a survey of “more than 5,000 U.S. respondents” to better understand how peop
Keywords: ads ai consumers percent search
Find related items on AmazonPublished on: 2025-06-12 18:41:46
is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Amazon is suing the US Consumer Product Safety Commission (CPSC) after the agency said it was responsible for recalling all of the dangerous products on its marketplace, including those sold by third parties. In a lawsuit filed last week, Amazon accuses the CPSC of stretching consumer safety law by treating the e-commerce giant as a distributor rath
Keywords: amazon consumer cpsc products recall
Find related items on AmazonPublished on: 2025-06-17 02:16:39
Rad Power Bikes has named a new CEO, just a few days after its previous leader stepped down. The e-bike company has tapped Kathi Lentzsch, who has spent the last few decades helping turn around underperforming companies in both the consumer and B2B spaces. The change comes as Rad Power continues to shift away from direct-to-consumer in favor of a retail-based approach — a change in strategy that has led the company to institute multiple rounds of layoffs over the last few years. “Rad Power Bik
Keywords: company consumer lentzsch power rad
Find related items on AmazonPublished on: 2025-06-18 10:49:01
Losing access to a device sucks. Whether it’s a laptop still running Windows 10, a router that’s been phased out by your internet provider, or an expensive AI gadget that has suddenly been bricked, it's a bummer to be permanently disconnected from a thing you paid money for. That's where a group of consumer advocates hope to help, by calling on US lawmakers to create policies that support connected products at the end of their lives. Stacey Higginbotham, a Policy Fellow at Consumer Reports and
Keywords: consumer device devices products support
Find related items on AmazonPublished on: 2025-06-20 18:00:00
It looks like the end of the road for a government watchdog, which experts say could leave you with fewer financial protections. The Consumer Financial Protection Bureau is beginning to "wind down" operations as its new leadership team and Elon Musk's DOGE gut the agency, according to a lawsuit filed by the union representing CFPB employees. "Staff were told by senior executives that the CFPB would be eliminated except for the five statutorily mandated positions," a current CFPB employee testi
Keywords: agency cfpb consumer fdic financial
Find related items on AmazonPublished on: 2025-06-23 21:27:54
People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an initial public offering earlier in the day on July 29, 2021 in New York City. It was a bad day for tech stocks, and a brutal one for fintech. As the Nasdaq suffered its steepest decline since 2022, some of the biggest losers were companies that sit at the intersection of Wall Street and Silicon Valley. Stock trading app Robinhood tumbled 20%, bitcoin ho
Keywords: companies confidence consumer fell fintech
Find related items on AmazonPublished on: 2025-06-24 22:58:36
Later this week, the Federal Trade Commission (FTC) will start distributing over $25.5 million in refunds to those misled by tech support companies Restoro and Reimage's scare tactics. The FTC will send 736,375 PayPal payments starting March 13 to consumers tricked into paying for unnecessary computer repair services. Between now and March 13, those eligible for a refund will receive an email and must redeem the PayPal payment within 30 days. Restoro Cyprus Limited and Reimage Cyprus Limited
Keywords: consumers ftc issues reimage repair
Find related items on AmazonPublished on: 2025-06-25 03:15:00
In brief: China is in a frenzy to get its hands on the Nvidia RTX 5090 graphics card – but not just because people are desperate for more FPS in their games. The demand is the result of DeepSeek's AI models, which companies realize they can run on Nvidia's consumer GPUs at a fraction of what it would cost them to buy AI accelerators. DeepSeek's industry-disrupting R1 models can efficiently run on consumer GPUs, rather than expensive AI accelerators such as the H20. As reported by The Informatio
Keywords: 000 5090 ai consumer rtx
Find related items on AmazonPublished on: 2025-06-25 23:15:00
In brief: China is in a frenzy to get its hands on the Nvidia RTX 5090 graphics card – but not just because people are desperate for more FPS in their games. The demand is the result of DeepSeek's AI models, which companies realize they can run on Nvidia's consumer GPUs at a fraction of what it would cost them to buy AI accelerators. DeepSeek's industry-disrupting R1 models can efficiently run on consumer GPUs, rather than expensive AI accelerators such as the H20. As reported by The Informatio
Keywords: 000 5090 ai consumer rtx
Find related items on AmazonPublished on: 2025-06-25 22:00:19
oxygen/Getty Images AI voice cloning technology has made remarkable advances in the last few years, reaching the ability to create realistic-sounding audio from just a few seconds of a sample. Although this has many positive applications -- such as audiobooks, marketing materials, and more -- the technology can also be exploited for elaborate scams, fraud, and other harmful applications. To learn more about the safeguards currently in place for these products, Consumer Reports assessed six of
Keywords: ai cloning consumer reports voice
Find related items on AmazonPublished on: 2025-07-03 11:00:21
is a weekend editor who covers the latest in tech and entertainment. He has written news, reviews, and more as a tech journalist since 2020. The Consumer Financial Protection Bureau (CFPB) today dismissed a lawsuit against Early Warning Services, the company that runs the Venmo-like Zelle payment platform, as well as the three banks that share ownership of it, reports CNBC. The CFPB, which enforces regulations against the financial services industry, had claimed in its December 2024 lawsuit th
Keywords: cfpb cnbc consumer effectively zelle
Find related items on AmazonPublished on: 2025-07-06 22:00:00
As of today, the Humane Ai Pin is dead—less than a year since its launch. Following an acquisition by HP, Humane shut down many of the core features of the artificial-intelligence-powered wearable and deleted user data, rendering it useless. Yes, some functions remain, like checking battery life (useful!), but you can't access the voice assistant. If you spent $700 on an Ai Pin, you might be wondering what you can do now. These are the risks of being an early adopter, but not getting a refund o
Keywords: consumers ftc humane pin software
Find related items on AmazonPublished on: 2025-07-15 11:10:47
Senator Ron Wyden wants the government to force companies to make it clear to buyers what they are getting when they buy digital media online. Wyden in a letter to the FTC is seeking guidance to “ensure that consumers who purchase or license digital goods can make informed decisions and understand what ownership rights they are obtaining.” Consumers should know how long the license lasts, and whether they can transfer or resell the license (typically not). The Verge earlier reported on the lett
Keywords: companies consumers digital like media
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