By Natalie DeCoste The Colonial Pipeline has finally come back online after a ransomware attack on May 7 shut it down. The pipeline restarted operations Wednesday at approximately 5 p.m. ET. The Colonial Pipeline is the largest U.S. refined products pipeline system and a critical artery to deliver gasoline along the East Coast, delivering roughly [...]
By Natalie DeCoste The Federal Trade Commission has submitted a report to Congress on anticompetitive practices related to repair markets. The report, titled “Nixing the Fix: An FTC Report to Congress on Repair Restrictions,” identifies numerous types of repair restrictions and, at the request of Congress, includes recommendations as to how to address the ongoing [...]
By Natalie DeCoste Drivers in the Southeast region of the U.S. are seeing rising gas prices after a ransomware attack shut down the Colonial Pipeline. The Colonial Pipeline is the largest U.S. refined products pipeline system and a critical artery to deliver gasoline along the East Coast, delivering roughly 45% of the fuel consumed in [...]
By Natalie DeCoste The first week of the highly anticipated antitrust legal battle between Epic and Apple has ended, and the trial is already providing insight into previously unknown corporate relationships. Epic Games sued Apple in August of 2020, accusing the tech giant of engaging in monopolistic behaviors when Apple pulled Epic’s game Fortnite from [...]
By Natalie DeCoste The Federal Reserve has released its latest report detailing the agency's framework for assessing the resilience of the U.S. financial system. The 80-page Financial Stability Report reviews the current conditions affecting the stability of the American financial system by analyzing vulnerabilities related to valuation pressures, borrowing by businesses and households, financial leverage, and funding [...]
By Natalie DeCoste Google will soon update its Google Play store and the apps within to provide added privacy and security for its users. Google said it will now require apps to show details about what data they collect in a new safety section in their Google Play listing, as well as other information about [...]
By Natalie DeCoste On Wednesday, a federal judge struck down the nationwide eviction moratorium initiated by the Trump administration and extended by President Joe Biden through June. Judge Dabney Friedrich of the U.S. District Court for the District of Columbia struck down the moratorium after plaintiffs in Alabama Association of Realtors v. HHS alleged that the moratorium exceeded the CDC's [...]
By Natalie DeCoste The independent board that oversees Facebook’s definitively decided to uphold the company’s January decision to suspend the Facebook and Instagram accounts of former President Donald Trump. The suspension of President Trump’s accounts was related to his activity on Jan. 6, 2021, during the counting of the 2020 electoral votes and the Capitol riot. “The [...]
By Natalie DeCoste Things are good for consumers right now in the lending market, but some worry that things may be a bit too good. Currently, shares of lenders, including credit card, auto, student, and personal loan makers, are soaring this year. The strong showing is thanks to robust credit performance and a belief that rates [...]
© 2021 Consumers Bulletin, All Rights Reserved.