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To lessen online banking risks, lessen consumer liability risks

Tuesday, January 17, 2012
By | Ed Mierzwinski
Consumer Program Director

In addition to a story on the Zappos' hack, the New York Times also has an editorial "Convenient, but How Secure?" on the growth of online banking and new regulations being implemented that should lessen fraud loss risk.

Zappos' customers may have been zapped by identity theft; meanwhile big Internet sellers zap small Internet guys, just like the big boxes do to local, independent stores

Monday, January 16, 2012
By | Ed Mierzwinski
Consumer Program Director

Over at his Red Tape Chronicles, MS-NBC's Bob Sullivan warns that Internet marketer "Zappos says hacker may have accessed info on 24 million customers."

FTC settles claim with Rx monopolist CVS Caremark

Monday, January 16, 2012
By | Ed Mierzwinski
Consumer Program Director

Last week, the Federal Trade Commission announced (news release) that CVS Caremark Corporation (pdf of the complaint) will "pay $5 million to settle Federal Trade Commission charges that it misrepresented the prices of certain Medicare Part D prescription drugs – including drugs used to treat breast cancer symptoms and epilepsy – at CVS and Walgreens pharmacies."

WSJ: Bank of America Ponders Retreat

Friday, January 13, 2012
By | Ed Mierzwinski
Consumer Program Director

Today's Wall Street Journal offers the story "Bank of America Ponders Retreat." It discusses a BofA emergency plan for retrenchment that would include further branch shrinkage than currently-expected reductions.

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