Inside these posts: consumer protection

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Recall widens after metal, wood found in Rolaids

Johnson & Johnson issued a recall of its Softchews Rolaids antacids Thursday after wood and metal bits were discovered in the tablets.

J&J, which recalled some Rolaids products in November, said it was voluntarily recalling all lots of the Softchews products after potentially uncovering problems with a third-party manufacturer.

The recall is the latest in a string of pulled products for J&J’s consumers unit that has drawn attention from U.S. authorities and Congress, hurt sales for its consumer products parent company and tarnished J&J’s reputation. Get the full story »

Elizabeth Warren confident after investor meetings

White House adviser Elizabeth Warren said her meetings with investors and bank executives are going well, helping to give the financial industry a better sense of the new Consumer Financial Protection Bureau’s direction and priorities.

“I have really been on the road,” Warren told CNBC, noting that she’s been traveling the country meeting with community bankers, consumer advocates, chief executives of the largest financial firms and buy-side investors. Warren said she has discussed the agency’s approach to regulation and outlined its likely first steps “to make it really clear where we’re headed.” Get the full story »

Consumer czar: Financial industry still aims to block

The financial industry continues trying to thwart the Obama administration’s effort to set up an effective consumer protection agency, though one is needed now more than ever, new consumer czar Elizabeth Warren charged on Thursday.

“We fought hard to get here, and those who tried to block the agency’s creation have already said that they will be back,” Warren said in remarks prepared for delivery at the University of California in Berkeley,

“Every day, they spend money to find a way to cut back the agency’s power — even before its work has begun,” she added. A text of her remarks was issued in advance in Washington. Get the full story »

Candidate for consumer post meets with Obama

Elizabeth Warren, a popular but polarizing consumer advocate, met with President Barack Obama at the White House Tuesday, adding to speculation she could be named to head a new consumer protection agency.

Allstate spent almost $1.1M lobbying government

Associated Press via Bloomberg | Allstate Corp. spent $1.08 million in the first quarter to lobby the federal government on consumer protection rights, health care and other issues, according to a recent disclosure report. That’s up 21.3 percent from the $890,000 it spent in the year-ago period, and up from the $650,000 it spent in the fourth quarter of 2009.

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Chicago credit repair firms charged with fraud

By Mike Hughlett
With complaints rising nationwide against credit repair companies, the
City of Chicago said Friday that it has filed consumer fraud and
deceptive practice charges against nine such firms locally.

The city’s Department of Business Affairs and Consumer Protection
charged four companies with falsely promising they could erase
consumers’ debt from their credit reports. Those companies are: Mark
Anthony & Associates of Skokie; Allstates Credit Repair in Chicago;
Credit Rx in Glenview; and Nationwide Credit Clearing in Chicago.

Get the full story »