CFPB actions cite unfair billing of credit card add-on services

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr CFPB on Wednesday announced enforcement actions against two service providers for unfairly charging consumers for credit card add-on benefits they did not receive.The companies, Affinion Group Holdings Inc. and its affiliates, and Intersections Inc. – are cited for improper charges related to “credit monitoring” or “identity theft protection” services. CFPB says the practices violated the Dodd-Frank Act.CFPB has proposed consent orders that would require the providers to issue refunds to affected consumers and pay civil money penalties to CFPB.The proposed consent order with Affinion Group would require the payment of approximately $6.8 million to 73,000 eligible consumers who enrolled in credit monitoring products between July 2010 and August 2012, were charged for services that were not received but have not already received refunds. It also calls for a $1.9 million civil money penalty.The order for Intersections would require a full refund of about $55,000 to customers who, for at least one month, were billed inappropriately for services but did not receive full product benefits, and who have not previously received refunds. It calls for a $1.2 million civil money penalty. continue reading »last_img read more

France reports second coronavirus death, Italian link in another case

first_imgA second person suffering from the coronavirus has died in France and a Frenchman who had traveled to Italy’s Lombardy region had also tested positive, the country’s health authorities said on Wednesday.Jerome Salomon said the death was one of three new cases in France this week, bringing the total confirmed cases in the country to 17.A 60-year-old French national was hospitalized in Paris in a serious condition and tested for the virus late on Tuesday. “Unfortunately [he] died during the night”, Salomon said. France is on high alert after neighboring Italy became a new front in the global fight to contain the coronavirus outbreak, which the head of the US Centers for Disease Control and Prevention called a rapidly escalating epidemic in multiple locations.Coronavirus cases in people who traveled recently to northern Italy have now been found in France, Spain, Austria, Switzerland, Romania, Croatia and Algeria.The Frenchman who traveled to Lombardy was hospitalized in Strasbourg and was not in a serious condition, Salomon said. The third new case involved a 55-year-old now on life support in the city of Amiens, in northern France.Topics :last_img read more

Inside the Clippers blog: Magic Johnson officially expresses interest in buying the Clippers

first_imgDespite his initially public denials, Magic Johnson confirmed the obvious. He would like to be a part of an ownership group that buys the Clippers.“I will be owning an NBA team sometime,” Johnson told a gathering of business leaders Wednesday at the Milken Global Conference in Beverly Hills, as reported by KPCC. “Is the Clippers the right situation? Of course. It’s one of the premiere franchises.”Read the full post on Inside the Clippers: Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more