consumer

Thu
21
Nov
Dennis Faas's picture

Digital Wallets to Face Oversight Under New CFPB Rule

Silicon Valley tech giants and financial technology companies that collectively process over 13 billion financial transactions annually will now face enhanced government oversight. On Thursday, the U.S. Consumer Financial Protection Bureau (CFPB) ... finalized a new rule aimed at subjecting digital wallets and payment apps to the same scrutiny as traditional banks. This move is designed to safeguard consumer data, prevent fraud, and address unauthorized account closures. (Source: reuters.com ) Why the New Rule Matters Digital payment platforms like Apple Wallet, Google Pay, and Venmo have become ... (view more)

Tue
19
Nov
Dennis Faas's picture

Bioreactor Meat: Innovation or Controversy?

In a Manhattan sushi bar, a bold experiment unfolded as high-profile guests sampled foie gras crafted from quail cells grown in a bioreactor. (Source: wired.com ) Yes, that's right - biogenetically engineered meat used for human consumption. 'Sounds ... delicious,' you say? Keep reading. The event, hosted by Australian cultivated meat company Vow and curated by renowned chef Masa Takayama, marked the launch of a product pitched as a luxury alternative to traditional foie gras. But beneath the glamour and culinary innovation lies a deeper question: is cultivated meat a revolutionary solution--or a ... (view more)

Wed
17
Sep
John Lister's picture

Judge: Firms Can't Ban Online Negative Reviews

California has passed a law that means companies can no longer ban customers from writing negative reviews on websites. Even attempting to do so could mean they firms face a financial penalty. The new law follows a protracted court battle that ... concluded this summer after an online gadget seller tried to "fine" a couple $3,500 for leaving a negative review on an independent website. A court eventually ordered KlearGear to pay more than $300,000 to the couple after its attempts to collect the "debt" hurt their credit rating. KlearGear had been trying to enforce a clause in ... (view more)

Thu
27
Jan
Dennis Faas's picture

Microsoft Sued Over Windows 7 Pre-Bundling

An Italian consumer agency is suing Microsoft because it experienced difficulty getting a refund for an "unwanted" copy of Windows 7 which came pre-bundled with a new PC. If it gets as far as a verdict, it could set a legal precedent. The case ... involves Vincenzo Donvito, a man which resides in Florence, Italy. He bought an ASUS Eee PC netbook that came pre-bundled with the starter edition of Windows 7 already installed. Donvito later decided he did not want to use Windows 7 Starter and instead wanted to replace it with an alternative operating system (OS) for his Eee PC. (Source: ... (view more)

Wed
04
Feb
Dennis Faas's picture

MS Participates in Data Privacy Day, Surveys Risks

Microsoft recently commissioned research in two cities to try to understand how different types of consumer, from teens to professionals to baby boomers, think about privacy. During the recently held Data Privacy Day in San Francisco, Microsoft ... participated in a panel discussion with privacy experts from the California Office of Privacy Protection, the Center for Democracy and Technology, Intel and MySpace. According to Microsoft's Chief privacy strategist Peter Cullen, breaches impact consumer trust and is causing increased concern. (Source: google.com) Microsoft and other organizations ... (view more)

Thu
02
Oct
Dennis Faas's picture

Norway Pushes iTunes for DRM-free Music

Norway's leading consumer advocate wants to bring down Apple's "walled garden" between the iPod music player and the iTunes online retail store. Bjorn Erik Thon, Norway's consumer ombudsman, says he is going to ask the country's Market Council -- a ... court that has legal authority to make companies change their business practices -- to force Apple to allow competition within the iTunes-iPod ecosphere. (Source: guardian.co.uk ) Currently, Apple's iPod is the only portable device that can sync with iTunes and the iTunes store. Since its launch in 2003, The iTunes Store, Apple's online retail arm ... (view more)

Thu
10
Jan
Dennis Faas's picture

Netflix, Amazon, Apple: Which Will Get Video Downloads Right?

A little more than a week ago, Wal-Mart Stores quietly chucked its video download offering into the waste bin. Introduced less than a year ago, Wal-Mart appears to have given up when Hewlett-Packard, its technology partner in the venture, cut ... support. (Source: zdnet.com ). This doesn't mean that downloading video directly to the consumer is a dead issue. This week, Netflix -- the company that sends DVD's to more than 7 million consumers in little red envelopes -- joined Apple and Amazon in experimenting with ways to offer complete media "choice" to the heretofore limited selections offered ... (view more)

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