Consumer Protection
Prosecutors warn of crypto ATM scam in Washington
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A woman in Washington, D.C., claims she lost thousands in a cryptocurrency scam involving ATMs. The city's top prosecutor accuses an ATM provider of enabling the fraud, where victims are tricked into buying bitcoin to supposedly protect their money. California regulators have also cracked down on similar kiosk operators for overcharging consumers.
Swedish consumer agency criticizes If's ad for misleading message
Sweden's Consumer Agency has criticized insurer If for an ad campaign implying that home insurance covers lost digital information, which it does not. The ads, visible on posters in Stockholm's subway, contrast everyday solutions like backup hard drives against If's claimed substantial help. If defends itself by stating the ad targets a corporate data breach insurance.
California probes Tesla insurance for unfair claims practices
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The California Department of Insurance has launched an investigation into Tesla's insurance unit for alleged unfair practices that have harmed policyholders. The probe accuses the company of delays in claims processing and unreasonable denials. Potential fines could reach millions due to thousands of violations since 2019.
FCC proposes eliminating ISP fee itemization requirements
The Federal Communications Commission, under Chairman Brendan Carr, is set to vote on scrapping rules that require internet service providers to list all discretionary fees on broadband price labels. This move responds to industry complaints about the burden of compliance with the Biden-era transparency measures. The proposal aims to simplify labels while maintaining core pricing information for consumers.