The planned $4.4 billion merger between telecom giants T-Mobile and U.S. Cellular portends more rate hikes for consumers based on T-Mobile’s greedy behavior after acquiring Sprint Mobile in 2020, a review from government watchdog Accountable.US found.
Costco Wholesale Corporation posted $1.68 billion in Q3 2024 earnings today, a 29% increase year over year. Despite former CFO Richard Galanti admitting recently that inflation has faded considerably, the company raised prices and consider hiking its membership fees in the beginning half of 2024. In the previous quarter, Costco reported an almost 1
Yesterday Judge Mark Pittman granted the Consumer Financial Protection Bureau’s (CFPB) request to transfer an industry-led lawsuit against the agency’s credit card late fee cap to the United States District Court for the District of Columbia, a venue the CFPB argued is more appropriate for the case.
Following today’s Senate Banking Subcommittee on Economic Policy hearing, “Protecting Consumers’ Pocketbooks: Lowering Food Prices and Combating Corporate Price Gouging and Consolidation,'' government watchdog Accountable.US released a new analysis detailing massive earnings from the country’s largest grocery chains and major food manufacturers
In a historic win for everyday Americans, the U.S. Supreme Court ruled in an overwhelming 7-2 decision this week that the Consumer Financial Protection Bureau (CFPB)’s funding structure is constitutional.
In a historic victory for American consumers, the U.S. Supreme Court ruled the Consumer Financial Protection Bureau (CFPB)’s funding structure is constitutional. The high court rejected baseless arguments brought by the predatory payday loan industry with a long history of harming vulnerable communities and a greedy motive for taking away consumer
Today’s U.S. Labor Department’s Consumer Price Index (CPI) report revealed a slight increase in consumer costs in the face of persistent corporate greed in a number of sectors. In particular, “the shelter index increased 0.4 percent in April and was the largest factor in the monthly increase in the index for all items less food and energy.” Followi
Industry lobbyists are excitedly promoting an opinion piece today from members of the Federal Reserve Bank of San Francisco that attempts to deflect blame from corporations for inflation. However, the analysis fails to address a fundamental question: Did corporations really need to raise prices so high when after-tax corporate profits reached an al
Rather than prepare to do the right thing for their customers, major players from the U.S. airline industry—including American, Delta, and United Airlines—are now suing the Biden administration to block a final rule requiring carriers to be transparent about bagging, flight change, and cancellation charges. The Department of Transportation’s action
In a costly setback for millions of consumers, Judge Mark Pittman of the Northern District of Texas today ruled in favor of the U.S. Chamber of Commerce’s motion for a preliminary injunction against the Consumer Financial Protection Bureau (CFPB)’s final rule capping most credit card late fees at $8, down from an average of $32.
Get the latest news on how we’re holding big business, government officials, and special interests accountable, and what you can do to get involved.
By submitting your cell phone number you are agreeing to receive periodic text messages from this organization. Message and data rates may apply. Text HELP for more information. Text STOP to stop receiving messages.
