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| August 23, 2017

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Consumer Archives -

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

Bill to loosen financial rules would save $24 billion — and slash consumer protection bureau funds

May 22, 2017 |

The House Republican legislation scaling back Dodd-Frank financial regulations would reduce federal budget deficits by $ 24.1 billion over the next decade — in part by slashing funding for the Consumer Financial Protection Bureau, according to an estimate by the nonpartisan Congressional Budget…


L.A. Times – Business

Eurozone Consumer Confidence at Highest Level in Nearly a Decade

May 19, 2017 |

The victory of a pro-European centrist in France’s presidential election has delivered a further boost to already high consumer confidence in the eurozone.
WSJ.com: What’s News Europe

U.S. Consumer Prices Rose Modestly in April

May 14, 2017 |

Consumer prices rose only modestly in April, a sign inflationary pressures are stabilizing this spring after a monthslong acceleration.
WSJ.com: US Business

Consumer agency chief, his job on the line, takes Republican attacks in stride

May 12, 2017 |

Republican lawmakers are pushing a bill through Congress that would allow the president to sack the director of the Consumer Financial Protection Bureau at any time for any reason.

But what are the odds President Trump would fire the head of a government agency he has issues with?

Cough.

The Republican…


L.A. Times – Business

Stocks rise, led by tech and consumer companies

April 17, 2017 |

U.S. stocks are starting higher Monday as investors get back to trading after the Easter holiday weekend. Technology and consumer-focused companies are making some of the largest gains after the Chinese government said that country’s economy grew at a slightly faster pace in the first quarter….


L.A. Times – Business