The alcohol industry should strengthen and enforce its advertising codes to prevent youth from viewing inappropriate and harmful alcohol advertisements, consumer groups said in a recent letter.
The letter comes in response to new research by the Johns Hopkins University Bloomberg School of Public Health, which shows that the alcohol industry’s current advertising codes are weak and are not being enforced. Johns Hopkins researchers found that between 2005 and 2012, more than 15 billion alcohol advertisements on TV, most of them on cable, were viewed by audiences that included more youth than allowed by the self-regulated industry guidelines.
“The industry has long opposed government regulation of marketing and advertising, which makes it incumbent on you to maintain strict and aggressively enforced standards,” the letter states. “The Johns Hopkins report shows this is not happening, needlessly endangering youth across the country.”
The Consumer Financial Protection Bureau took action Wednesday against online payment platform Dwolla for deceiving consumers about its data security practices and the safety of its online payment system.
“Consumers entrust digital payment companies with significant amounts of sensitive personal information,” said Richard Cordray, director of the bureau. “With data breaches becoming commonplace and more consumers using these online payment systems, the risk to consumers is growing. It is crucial that companies put systems in place to protect this information and accurately inform consumers about their data security practices.”
Since December 2009, Dwolla has collected and stored consumers’ sensitive personal information and provided a platform for financial transactions.
Although there are some of the typical overtly violent movies among the 2015 Academy Award nominated movies, there are some well-done movies as well.
Here are my picks to receive the Oscars:
Best Picture – “Spotlight” and “The Big Short”
Both are excellent and are actually about something rather than gratuitous violence. As a journalist, I was thrilled to see a journalism investigative team have the time and money to delve into a complicated subject, the sexual abuse of Catholic priests in the Boston area.
On “The Big Short,” what a great topic for consumers. When I heard about the film, I didn’t think I’d like the humor used in parts of the film. However, it’s complicated to try to explain the financial instruments that led to the collapse of the housing market and the Great Recession of 2008.
“Brooklyn” also is excellent as is “Bridge of Spies.” “The Revenant” is terrible. Way too violent. I could hardly wait until it was over. I don’t see how it received the most nominations. Also awful are “The Hateful Eight” and “Mad Max: Fury Road,” due to excessive violence.
If you’re stressed about the money you owe, a company’s promise to lower your mortgage or student loan payment might seem like a good plan. However, dishonest companies promising debt relief can make a bad situation worse.
Urber has agreed to pay $28.5 million to about 25 million riders to settle two class-action lawsuits. It also agreed not to use certain language in safety-related advertising as well as the term “Safe Ride Fee.”
A judge from the U.S. District Court for the Northern District of California is considering Uber’s request to settle the two cases: Philliben v. Uber Technologies Inc. and Mena v. Uber Technologies Inc.
Uber said technology enables it to focus on safety for riders and drivers before, during, and after a trip through the use of smartphones. For example, by sharing driver information with riders – their license plate and photo ID – before they get into the car; by tracking trips using GPS; and by enabling riders to share their estimated arrival time or route with family and friends.
Morgan Stanley will pay a $2.6 billion penalty to resolve federal claims over its sale of residential mortgage-backed securities.
The amount is the largest in a series of settlements with Morgan Stanley entered into by members of the mortgage-backed securities working group, which totals about $5 billion.
As part of the agreement, Morgan Stanley acknowledges that it failed to disclose critical information to prospective investors about the quality of the mortgage loans underlying its mortgage-backed securities, the U.S. Justice Department said Thursday.
Investors, including federally insured financial institutions, suffered billions of dollars in losses from investing in these securities issued by Morgan Stanley in 2006 and 2007.
The Consumer Financial Protection Bureau is taking steps to improve checking account access because the bureau is concerned that consumers are being sidelined by the lack of account options and by inaccurate information used to screen potential customers.
The bureau sent a letter recently to the 25 largest retail banks encouraging them to make available and widely market lower-risk deposit accounts that help consumers avoid overdrafts.
The bureau also issued a bulletin warning banks and credit unions that failure to meet accuracy obligations when they report negative account histories to credit reporting companies could result in bureau action.
In the past, I’ve been critical of violent, ageist, and sexist Super Bowl ads, for example, Betty White being slammed to the ground in a Snickers ad several years ago.
This year, the ads about companies and their products were less violent. However, there were so many ads for violent movies and TV programs, the 50th Super Bowl, along with the brutality of the game, had an overpoweringly violent tone.
The ads seemed less sexist and ageist, a good thing. However, I didn’t like the Audi ad in which a depressed old man, apparently a former astronaut, gets to drive a new car and has flashbacks of going into space. I think older adults need to be portrayed in a more positive way.