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FTC Releases Top Complaints for 2011, Identity Theft Tops the List

By | Jon Fox
Consumer Advocate

The Federal Trade Commission (FTC) released its list of top consumer complaints received by the agency in 2011. Unsurprisingly, identity theft complaints topped the list.

As web giants amass more and more information about consumers for behavioral targeting and even "social discrimination" -- which can include differential pricing for the same product or the use of web tracking data and falsely-flagged websites to promote certain brandname drug use -- the White House has called for a privacy bill of rights. Companies and powerful industry lobbies seeking to keep those rights weak simultaneously rolled out their own "Do Not Track Us Sometimes" button.

At a news conference in NYC today, Director Richard Cordray of the new Consumer Financial Protection Bureau (CFPB) will announce a major investigation of bank overdraft fee practices and propose a model "penalty box" disclosure to appear on bank statements. The investigation could end the $39 latte-- $4 bucks for the coffee, $35 for the debit card overdraft fee.

Audit Uncovers Extensive Flaws in Foreclosures

By | Jon Fox
Consumer Advocate

An audit by San Francisco county officials of about 400 recent foreclosures there determined that almost all involved either legal violations or suspicious documentation.

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