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Tag Archives: cracks

The CFPB cracks down on bank overdraft fees with this new rule

The Consumer Financial Protection Bureau says the new rule would save depositors $5 billion annually. BY Reuters The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for overdrafts, saying the rule would save depositors $5 billion annually. The new regulation, adopted over the banking industry’s vocal opposition, … Continue reading The CFPB cracks down on bank overdraft fees with this new rule

FTC Cracks Down on Social Media Deceptive Advertising

Melanie HowardJanuary 15, 2015 Prosecuted for…Tweets? On December 2, 2014, the Federal Trade Commission (“FTC”) published a proposed consent order for public comment, regarding a settlement agreement reached with advertising agency Deutsch LA, Inc.  Deutsch LA was hired by Sony Computer Entertainment America LLC to develop an advertising campaign for the Sony PlayStation Vita (“PS … Continue reading FTC Cracks Down on Social Media Deceptive Advertising