Today, Kroger reported $466 million in Q2 2024 earnings, with year-to-date earnings of $1.4 billion nearly doubling from 2023—sky-high totals that coincide with criticism that some grocery retailers continue to use inflation as an excuse to pad profits.
A new report from government watchdog Accountable.US revealed today that five out of six major hotel operators involved in a “major class action” lawsuit for alleged price-fixing violations are among the worst offenders when it comes to resort fees and have faced various lawsuits and scrutiny for their resort and junk fee practices. The analysis co
Reportedly, the U.S. Federal Reserve plans to “massively scale back a proposal to raise capital requirements for banks after politicians and the banking industry pushed back on the initial plan,” marking a “major reversal following the string of regional bank failures last year that was touched off by Silicon Valley Bank.” Government watchdog Accou
Corporate watchdog Accountable.US welcomed the U.S. Department of Transportation’s new inquiry into whether the rewards programs offered by the top four U.S. airlines are engaging in “potential unfair, deceptive, or anticompetitive practices” that harm consumers.
Verizon’s newly announced $20 billion cash acquisition of Frontier Communications -- "the largest pure-play fiber internet provider in the U.S" – portends potential rate hikes on millions of subscribers under a further consolidation of the telecom industry, a review from government watchdog Accountable.US found.
Yesterday, Judge Mark Pittman admonished the U.S. Chamber of Commerce for failing to trust “other judges to follow their oaths,” echoing concerns that the pro-industry group selectively “shops” for conservative judges sympathetic to their cases. Earlier this year, analysis from government watchdog Accountable.US revealed that since 2017, roughly 63
As part of the Biden-Harris administration’s ongoing effort to crack down on junk fees, the Consumer Financial Protection Bureau (CFPB) released a new report today showing that Dollar General, Dollar Tree/Family Dollar, and Kroger have charged Americans over $90 million in junk fees annually “just to access their own money when getting ‘cash back’”
The U.S. Justice Department and Attorneys General of California, Colorado, Connecticut, Minnesota, North Carolina, Oregon, Tennessee, and Washington just sued software company RealPage Inc. amid allegations the company “enabled landlords to collude to raise rents.” The newly filed lawsuit follows an FBI raid in May against Atlanta-based rental comp
Yesterday, Trump-appointed Northern District of Texas Federal Judge Ada Brown ruled in favor of the U.S. Chamber of Commerce and Ryan LLC to block the Federal Trade Commission’s (FTC) new rule banning non-competes n
Earlier this year, the U.S. Supreme Court ruled that the funding structure of the Consumer Financial Protection Bureau (CFPB) is constitutional. Despite this significant victory for consumer protection, some large corporations have attempted to evade CFPB enforcement actions by arguing, once again, that the Bureau’s Federal Reserve funding is unco
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