Cabinet okays new Consumer Protection Bill

Last Updated: Wednesday, July 29, 2015, 20:37

The Cabinet on Wednesday approved a new Consumer Protection Bill 2015 that seeks to replace a 29-year-old law and proposes to set up a regulatory authority which will have powers to recall products and initiate class class suit against defaulting companies, including e-tailers.

Cabinet likley to approve new Consumer Protection Bill today

Last Updated: Tuesday, July 28, 2015, 23:37

The Cabinet is likely to approve Wednesday a new Consumer Protection Bill 2015, that seeks to replace the existing law and proposes setting up a regulatory authority to curb unfair trade practices.

Citi ordered to pay $770 million over credit card practices

Last Updated: Wednesday, July 22, 2015, 06:35

Citigroup Inc`s consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said.

RBI sets up panel for action plan on financial inclusion

Last Updated: Wednesday, July 15, 2015, 20:21

The Reserve Bank has set up a committee to work out a five-year action plan to spread the reach of financial services to unbanked population.

JPMorgan to pay over $125 million to settle US credit card debt probes

Last Updated: Wednesday, July 8, 2015, 10:46

The settlement also includes about $50 million in restitution, the sources said.

Centre to bring four labour codes to protect workers

Last Updated: Saturday, June 27, 2015, 17:10

The NDA Government is bringing in different initiatives like Universal Account Number (UAN), skill development, among others, for the benefit of workers, the Minister maintained.

Axis Bank launches debit card with enhanced security features

Last Updated: Wednesday, June 24, 2015, 21:26

Private sector lender Axis Bank Wednesday launched a new debit card, which can be "switched off" for specified time periods, and has also put in fraud protection and personal accidental cover along with the offering.

Sebi bars HBJ Capital from acting as investment advisers

Last Updated: Tuesday, June 16, 2015, 18:29

The regulator said HBJ Capital Services and its promoters /directors have been acting as providing investment advisory services to their clients/investors without obtaining registration from Sebi to act as such and, thereby, have violated norms.

EU states endorse overhaul of data protection rules

Last Updated: Monday, June 15, 2015, 19:40

European Union member states endorsed a sweeping overhaul of the 28-country bloc`s data protection laws on Monday, bringing a web of national laws into one set of rules that could see companies fined when they break them.

New York AG questions eBay, PayPal on revised user agreements: NYT

Last Updated: Thursday, June 11, 2015, 13:40

"Consumer choice and privacy preferences are protected by state and federal laws, including laws that specifically aim to stop companies from using invasive robocalls to promote products to consumers who do not wish to receive them," the newspaper quoted Melissa Grace, a spokeswoman for New York Attorney General Eric Schneiderman, as saying.

Investment advisory registration moves at a snail's pace

Last Updated: Tuesday, June 9, 2015, 14:17

"Somebody who is distributing a financial product, he has a commercial interest. He might recommend a product, where he is likely to get a better commission. Our guidelines say there has to be an investment adviser who has to be unbiased and should not have any conflict of interest. A distributor can sell his product, but he can not offer advice," Sinha added.

Right disclosures must for listed companies: Sebi chief

Last Updated: Sunday, June 7, 2015, 16:13

"But there is one element in the minds of many people that whatever we hear from the company, including the results they announce. The question that comes in the mind of the investor is are these announcements by the companies reliable? Can investors trust them?