Biden suggests prohibiting fees for cutting cable cords

FCC proposes rule to ban early termination fees for cable and satellite service contracts The Federal Communications Commission (FCC) announced on Tuesday a proposal to ban early termination fees for cable and satellite service contracts, a move that aims to give more control to consumers. Under the proposed rule, cable operators and direct broadcast satellite…

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Toyota financing arm fined $60 million by CFPB for car loan fraud.

Toyota’s financing branch was fined $60 million by a federal consumer regulator for infringing on car buyers’ rights to cancel add-ons to their loans. The Consumer Financial Protection Bureau accused Toyota’s lending arm of illegally withholding refunds and making it difficult for borrowers to cancel unwanted services, ultimately tarnishing their credit reports. The average cost…

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