Tag Archives: rules

New payday loan rules: What you need to know

What is the CFPB? The Consumer Financial Protection Bureau issued new rules on payday loans this week. Consumer advocates say the rules will help low-income people and families trapped in endless cycles of debt. The industry argues that payday loans provide an option for people facing unexpected expenses or financial emergencies. The rules could cripple the industry, which collected about $ 3.6 billion in fee revenue in 2015, according to the CFPB. Here’s what you need to know about payday loans and the new regulations. What are payday loans? Payday ...

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Las Vegas shooting: NRA urges new rules for gun 'bump-stocks'

The National Rifle Association has called for “additional regulations” on bump-stocks, a rapid fire device used by the Las Vegas massacre gunman. The group said: “Devices designed to allow semi-automatic rifles to function like fully-automatic rifles should be subject to additional regulations.” Republicans have said they would consider banning the tool, despite years of resisting any gun control. Lawmakers plan to hold hearings and consider a bill to outlaw the device. The NRA called on Thursday for regulators to “immediately review whether these devices comply with federal law”. “In the ...

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New lottery rules don’t solve tanking, and they’re not trying to

5:50 PM ET Flattening the odds in the NBA’s draft lottery, a change passed Thursday by an overwhelming 28-1-1 vote of team owners, will not end tanking and may not reduce it much. The league knows that; it repeatedly characterized the proposal as “an incremental step” toward more potential tweaks, sources say. The NBA is concerned about egregious tanking from teams that are already awful — the sort of tanking that generates think pieces and angry tweets. The reform seeks to accomplish that by cutting the odds that the worst ...

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Ryanair given deadline to obey compensation rules

Ryanair has been told to correct its compensation policy for hundreds of thousands of passengers whose flights have been cancelled, by 5pm on Friday. The UK’s Civil Aviation Authority says the airline must stop misleading passengers about the option to be re-routed with another airline. The regulator has ordered the budget airline to say publicly how it will re-route passengers who require it. Ryanair must also say how it will reimburse their out-of-pocket expenses. Passengers left ‘furious’ at Ryanair Regulator ‘fury’ over Ryanair law breach Ryanair: the 34 routes being ...

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After Russian Facebook ads, Democrats seek new FEC rules on social media politics

Why was it so easy for the Russians to buy ads on Facebook? Democrats on Capitol Hill are launching new efforts to prevent Russians and other foreigners outside the U.S. from using social media to interfere in future American elections. House and Senate Democrats plan to send a letter to the Federal Election Commission this week asking them to consider new rules that would prevent foreigners from using online advertising platforms like Facebook and Twitter to influence voters. The letter will likely be sent and made public on Wednesday, Daniel ...

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The ride-hailing app that rules Tehran's busy streets

This app wants to be the Uber of Iran Tehran’s busy streets have five times as many taxis as New York, offering huge potential for a ride-hailing app. And with Uber locked out of the Iran for the foreseeable future due to U.S. sanctions, startup Snapp is seizing its chance to become the leading local player. Shahram Shahkar launched “the Iranian Uber” in 2014 when he returned to his home country after studying and working in the U.K. and Canada. “I felt that there was this underdeveloped market that I ...

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Blood donation rules relaxed for gay men and sex workers

Blood donation rules for sex workers and gay men are being relaxed in England and Scotland after improvements in the accuracy of testing procedures. Men who have sex with men can now give blood three months after their last sexual activity instead of 12. And sex workers, who were previously barred from donating, now can, subject to the same three-month rule. Experts said the move would give more people the opportunity to donate blood without affecting blood supply safety. The Advisory Committee on the Safety of Blood, Tissues and Organs ...

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Government fined for breaking its own pay rules

The Home Office has been fined £366,900 for breaching the government’s senior salary pay cap when it appointed the head of a child sex abuse inquiry. It was penalised by the Treasury for failing to get clearance in advance before agreeing to pay Professor Alexis Jay £185,000 a year. Since 2010, all jobs with salaries of more than £142,500 agreed by ministers have had to be signed off in advance. The Home Office said it had reviewed procedures to avoid future breaches. Prof Jay became the fourth chair of the ...

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Federal ethics rules need fixing, outgoing watchdog says

Walter Shaub blasts Trump’s conflicts The government’s former top ethics watchdog says he thinks more work needs to be done to make federal ethics rules stronger. Walter Shaub, who resigned as director of the Office of Government Ethics last Thursday, explained his decision on ABC’s “This Week” on Sunday. “I really always thought that the ethics rules were strong enough to protect the integrity of the government’s operations,” he said. “My recent experiences have convinced me that they need strengthening, and frankly, they convinced me I’ve achieved all I can ...

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Twitter says Trump's tweet doesn't violate its rules

Trump tweets insults at MSNBC’s Mika Brzezinski Twitter says President Trump’s latest anti-media tweet doesn’t violate its rules. Twitter told CNN on Sunday that the company reviewed the tweet, which features a WWE video that has been edited to show Trump beating up a man with a CNN logo on his face. Twitter said it considered three factors: the political context of the conversation surrounding the tweet, the various ways it could be interpreted and the lack of details in the tweet itself. According to its rules, Twitter may suspend ...

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