#consumersrights — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #consumersrights, aggregated by home.social.
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"On January 30, the Consumer Financial Protection Bureau (CFPB) began accepting public comments on whether the agency’s complaint intake system, which allows consumers to file public complaints against credit reporting companies, “is necessary for the proper performance of the functions” of the agency. The request for comment also seeks ideas on how to “minimize the burden of the collection of information” on companies flagged.
A potential rule change could make it harder for consumers to file complaints and publicize mistakes made by these credit reporting companies, which can “devastat[e]” families with higher interest rates and loan denials, according to a recent press release from the National Consumer Law Center, a nonprofit law group.
Three days before the announcement, the Consumer Data Industry Association — the lobbying group representing the “Big Three” credit reporting firms, Equifax, Experian, and TransUnion — noted in a letter to the CFPB that it should “cease publishing data related to individual consumer complaints” and that the bureau’s consumer complaint database is akin to a “Yelp for Financial Services.”
https://jacobin.com/2026/02/credit-reporting-transparency-regulations-trump/
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"Tracking and profiling for advertising purposes present significant risks to consumers and society. This is demonstrated by a report commissioned by the Federation of German Consumer Organisations (vzbv). The advertising industry’s practice of categorising and influencing individuals based on their preferences, behaviours and vulnerabilities leads to manipulation, discrimination and a loss of trust. vzbv calls on the European Commission to ban tracking and profiling for advertising purposes and ensure the protection of digital fundamental rights.
“Every click on the internet is tracked because it supposedly reveals something about us: our preferences, desires and interests. The uncontrolled data collection by the advertising industry poses great risks to consumers and society,” says Michaela Schröder, Head of Consumer Policy at vzbv. “Consumers are powerless against the practices of the advertising industry. Existing laws are not sufficient. A ban on tracking and profiling is the only way to ensure meaningful consumer protection,” Schröder states."
https://www.vzbv.de/en/personalised-advertising-overdue-regulation
#EU #ConsumersRights #AdTech #Surveillance #TargetedAds #DataBrokers #AdTracking #DataProtection