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| March 24, 2017

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Consumer Archives -

Fashion brands — including several L.A. retailers — are dying off as consumer habits change

March 20, 2017 |

American Apparel bit the dust. So did Nasty Gal. BCBG Max Azria filed for bankruptcy, along with teen retailer Wet Seal.

The fashion industry has long been a fickle beast, with trends rising and dying sometimes in the space of weeks. But changing consumer habits — including the emergence of e-commerce…


L.A. Times – Business

Don’t trust the list prices on Amazon, Consumer Watchdog says

March 20, 2017 |

After a barrage of lawsuits directed at the online shopping industry, it appeared Amazon Inc. was starting to phase out list pricing, a controversial practice accused of deceptively inflating how much consumers save through the e-commerce giant.

But a study commissioned by Consumer Watchdog finds…


L.A. Times – Business

Justice Department tells court that Trump should be able to fire consumer watchdog

March 19, 2017 |

The Justice Department told a federal court on Friday that President Trump should be able to fire the head of the Consumer Financial Protection Bureau, arguing the structure of the controversial independent watchdog is unconstitutional.

The brief, filed in a case in which a New Jersey mortgage…


L.A. Times – Business

China’s Consumer Inflation Hits a Low Point

March 9, 2017 |

Prices in China rose less than expected in February as demand for food eased after the Lunar New Year holiday, the third piece of Chinese data that raised eyebrows this week.
WSJ.com: What’s News Asia

Republicans make killing consumer protections a top priority

February 21, 2017 |

There’s a lot important stuff going down that our leaders need to deal with — immigration, climate change, Russians running amok. So what are Republican lawmakers doing? They’re busy with legislation aimed at stripping Americans of consumer protections.

About a half-dozen bills take aim at various…


L.A. Times – Business

Kraft’s $143 Billion Bid for Unilever Highlights Squeeze in Consumer Goods

February 18, 2017 |

Kraft Heinz has made a $ 143 billion approach to take over U.K. consumer-products giant Unilever, a move that would bring together some of the best-known household brands in the world.
WSJ.com: US Business

Consumer Financial Protection Bureau chief scores reprieve in quest to keep job

February 16, 2017 |

Consumer Financial Protection Bureau chief Richard Cordray won a reprieve Thursday in his effort to keep his job and retain his agency’s independence.

A federal appeals court said it would reconsider its earlier ruling that would have increased the president’s authority over the consumer watchdog…


L.A. Times – Business

Consumer Watchdog raises concerns about occupation-based auto insurance discounts

February 8, 2017 |

Consumer Watchdog is urging the California Department of Insurance to deny auto insurance rate proposals from insurers Geico and Progressive that the consumer group says will dole out unfair discounts based on occupation.

The organization says discounts given to so-called affinity groups give preference to…


L.A. Times – Business

New survey of consumer confidence in Los Angeles fell in fourth quarter

February 7, 2017 |

A new quarterly measure of Los Angeles County consumers’ confidence in the economy showed a sharp dip in the fourth quarter, which included the presidential election.

The inaugural index from the Lowe Institute of Political Economy and Claremont McKenna College stood at 106.3 in the quarter, down…


L.A. Times – Business

Consumer Financial Protection Bureau director says Trump won’t change agency’s aggressive efforts

January 25, 2017 |

The nation’s top consumer financial watchdog, who some Republicans want President Trump to fire, said Tuesday that the new Republican administration won’t change his approach to aggressively hold banks and other financial firms accountable.

Richard Cordray, director of the Consumer Financial Protection…


L.A. Times – Business