Latest in Consumer News

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Elizabeth Warren wants jail time for CEOs in Equifax-style breaches

Massachusetts US Senator Elizabeth Warren wants to make sure that CEOs who preside over massive data breaches don’t get off as easily as Equifax CEO Richard Smith, who retired with a multi-million dollar pay package weeks after the breach. On April 3, she announced the Corporate Executive Accountability Act.

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Los Angeles City Attorney Alleges The Weather Channel App Mines Users’ Private Data

The complaint alleges that TWC used the geolocation tracking technology present in the app to monitor where users live, work, and visit, twenty-four hours a day, as well as how much time users spend at each location. The complaint further alleges that TWC led its users to believe that their location data would only be used to provide them with “personalized local weather data, alerts and forecasts.”

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Wells Fargo Resolves Investigations with $575 Million Settlement

San Francisco-based Wells Fargo has agreed to pay $575 million to resolve multiple investigations into misconduct at the bank, including inquiries stemming from the 2016 revelation that bank employees were opening accounts for customers without their knowledge.

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Ex-student loan official who resigned from CFPB in protest launches new watchdog group

Seth Frotman, who resigned in protest earlier this year from his position as the Consumer Financial Protection Bureau’s student loan ombudsman, announced Wednesday that he’s launching a new organization aimed at tackling the nation’s student loan problem.

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The perils of microtask work

Microtask platforms recruit humans to do the rating, tagging, review-writing, and poll-taking work that can’t quite be automated with an algorithm yet. A new study from the United Nations’ International Labor Organization (ILO) questions whether these platforms are as good for society as the Silicon Valley investors and digital evangelists claim.