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July

8
2024
Trends

Discount Retail Feels the Burn as Paycheck-to-Paycheck Shoppers Cut Back

Discount retailers are closing shop as financially constrained consumers pull back their spending, with Big Lots the latest to take a hit. The discount chain is closing stores by the dozens. Per a recent filing with the Securities and Exchange Commission highlighted by the New York Post, the retailer expects to open three new stores and shutter 35 to 40 of its roughly 1,400 stores this year, following 52 closures last year.

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July

5
2024
Trends

Survey Says: Consumers Confused about Online Tracking

Amid the chatter regarding the elections, the Berkeley Center for Law and Technology recently released a report on Americans’ views of “Do Not Track”. They found that 87% of the 1,200 people surveyed had never heard of Do Not Track. The Do Not Track regulations that privacy groups began advocating for over 5 years ago calls for an opt-out mechanism that would allow people to opt-out once from all behavioral advertising.

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July

5
2024
Industry News

Navigating Debt Collection and Credit Reporting Disputes – A Look at Hammoud v. J.J. Marshall & Associates

This case highlights the complexities of legal disputes involving debt collection and credit reporting and underscores the importance of providing detailed evidence and understanding specific legal standards when pursuing such claims. A consumer visited her primary physician, who recommended a colonoscopy and introduced her to Dr. Siddiqui, a gastroenterologist.

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July

5
2024
Industry News

Healthcare FinTech HealthEquity Latest in Sector Hit With Data Breach

Health tech company HealthEquity has suffered a data breach, though unconnected to other recent attacks. The company revealed that attack in a filing with the Securities and Exchange Commission (SEC) earlier this week, saying that hackers had stolen the “protected health information” of some customers.

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July

3
2024
Industry News

FTC Takes Legal Action Against Student Loan Scam Under New Impersonation Rule

In a significant move to protect consumers, the Federal Trade Commission (FTC) has taken action against a fraudulent student loan debt relief scheme that deceived people out of over $20.3 million. This marks the first case under the FTC’s new Impersonation Rule. The FTC’s Impersonation Rule, effective from April 1, 2024, enhances the agency’s ability to tackle and deter scammers who pretend to be government agencies or businesses.

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