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| October 22, 2017

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Consumer Archives -

Procter & Gamble Puzzled by Weak Consumer Spending

October 20, 2017 |

Procter & Gamble recorded sluggish growth during the first quarter as it battles a challenging market for consumer-goods makers.
WSJ.com: US Business

Consumer protection bureau cracks down on payday lenders with tough nationwide regulations

October 5, 2017 |

The nation’s top consumer financial watchdog on Thursday issued tough nationwide regulations on payday and other short-term loans, aiming to prevent lenders from taking advantage of cash-strapped Americans.

The long-awaited rules from the Consumer Financial Protection Bureau — the first broad federal…


L.A. Times – Business

Eurozone Business, Consumer Confidence Surges Despite ECB Signals

October 2, 2017 |

Businesses and households across the eurozone were more upbeat about their prospects than at any time in over a decade during September.
WSJ.com: What’s News Europe

Republican report accuses consumer bureau of going easy on Wells Fargo

September 21, 2017 |

The Consumer Financial Protection Bureau could have fined Wells Fargo & Co. more than $ 10 billion for its illegal sales practices but instead settled for $ 100 million, according to the agency’s internal documents released by congressional Republicans this week.

The CFPB also had evidence that the…


L.A. Times – Business

Richard Cordray could step down soon, leaving the Consumer Financial Protection Bureau in limbo

September 4, 2017 |

The Republican push to oust Richard Cordray as director of the Consumer Financial Protection Bureau soon might get a boost from an unexpected source: Cordray himself.

Cordray’s term as the bureau’s first and only director doesn’t expire until next summer. But there is widespread speculation that…


L.A. Times – Business

Consumer prices rise for first time in three months, but inflation rate remains low

August 12, 2017 |

Consumer prices increased in July for the first time in three months as Americans paid more for food, but the modest hike kept annual inflation still running low, the Labor Department said Friday.

The 0.1% price increase last month was less than the 0.2% rise that analysts had forecast.

The new…


L.A. Times – Business

House votes to kill new bank arbitration rule in blow to federal consumer agency

July 26, 2017 |

A new federal regulation that would make it easier for Americans to bring class-action lawsuits against banks and other financial institutions might be scrapped before it ever takes effect.

Republican lawmakers had vowed to kill the rule, released by the Consumer Financial Protection Bureau just…


L.A. Times – Business

Amazon is still inflating discounts despite new name, Consumer Watchdog says

July 6, 2017 |

In a bid to promote its deals to consumers, Amazon.com Inc. started displaying current discounts compared to their historic price tags — a strategy that it calls the “was” price.

The “was” price was introduced as the e-commerce giant faced legal challenges and mounting criticism for allegedly exaggerating…


L.A. Times – Business

Consumer bureau director defends handling of Wells Fargo scandal in face of GOP criticism

June 19, 2017 |

The federal government’s consumer financial watchdog is defending his handling of the Wells Fargo & Co. unauthorized accounts scandal in the face of Republican charges that the agency failed to catch the problem and has stymied a congressional investigation into how it handled the case.

Richard…


L.A. Times – Business

House Republicans threaten consumer watchdog with contempt of Congress

June 12, 2017 |

House Republicans this week threatened Richard Cordray, the embattled director of the Consumer Financial Protection Bureau, with contempt of Congress, saying his agency has not complied with a demand to provide documents related to Wells Fargo & Co.’s unauthorized accounts scandal.

In a staff report…


L.A. Times – Business