CONSUMER ISSUES


IANS 18 November 2019
After Assam, suspected cybercriminals from Turkey have stolen huge amounts of cash from ATMs through ATM-cloning devices installed in Tripura's capital Agartala, police said on Monday.   According to the police, banks and other sources, over 60 bank customers of different banks mostly...

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Moneylife Digital Team 15 November 2019
The management of fraud-hit Punjab and Maharashtra Cooperative Bank (PMC Bank) is seeking consent from credit societies, cooperative housing societies (CHS) and other institutions from the cooperative sector that they will not withdraw their bank deposits for next three years. This follows a...

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Moneylife Digital Team 14 November 2019
The Mumbai police has finally registered a first information report (FIR) against The Hongkong and Shanghai Banking Corp Ltd (HSBC) India, its former chief executive officer (CEO) Stuart P Milne, Priya Paul, relationship manager and several top officials of the Bank and its subsidiary,...

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Moneylife Digital Team 13 November 2019
TransUnion CIBIL Ltd (CIBIL), the first company to start tracking credit data of individuals in India, has admitted to “an issue with the credit data” that led to a significant reduction in the credit score. Despite this discovery, which Moneylife has been pursuing for several months, CIBIL’s...

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RAVI DUTTA MISHRA (IANS) 13 November 2019
Cab drivers working with app-based ride-hailing services such as Ola and Uber have seen their incentives and take-home incomes plunge over the past four years putting them in a spot. Drivers, who have bought vehicles on loans, feel the pinch the most and as a result, some seem to making their...

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IANS 13 November 2019
In a bid to ensure that customers receive authentic goods when shopping on Amazon. Amazon on Tuesday announced to bring "Project Zero" to India. "Project Zero" introduces additional proactive mechanisms and powerful tools to identify, block and remove counterfeits.   Over 7,000 brands...

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IANS 07 November 2019
With the price of onions hitting the century mark, the government is expediting supply from imports with over 5,500 tonnes of onion are to hit the retail markets shortly.   Of this, 2,500 tonnes have already reached the Indian ports in 80 containers of which 70 are from Egypt and 10...

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Moneylife Digital Team 05 November 2019
The Indian travel market is witnessing rapid growth and is projected to grow to around USD 55 billion by 2020, as per reports. The Indian aviation sector is also one of the fastest growing in the world. With greater awareness and more disposable income, Indians have been traveling like never...

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Moneylife Digital Team 05 November 2019
The Reserve Bank of India (RBI) on Tuesday enhanced withdrawal limit to Rs50,000 from Rs40,000for depositors of Punjab and Maharashtra Cooperative Bank Ltd (PMC Bank). PMC Bank customers can withdraw the money from the bank's automated teller machine (ATM), RBI says.   "...after...

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IANS 04 November 2019
Passengers flying IndiGo faced long queues across airports on Monday morning after the airline's server collapsed.   "Our systems have been down across the network since morning. As a result, we are expecting our operations to be impacted across the airports. All efforts are being...

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TruthInAdvertising.org 04 November 2019
A recent trend in class-action litigation alleges that certain aluminum-containing antiperspirants marketed as “anti-stain” and/or “anti-mark” miss the mark. That’s because, despite claims to the contrary, the brands named in the lawsuits leave yellow stains and/or white marks on clothing,...

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IANS 02 November 2019
Telecom regulator Trai on Friday fixed phone call ring time at 30 seconds on mobiles and 60 seconds for landline phones, introducing such a time limit for the first time.   This is the ringer time in case the call is neither answered nor rejected by the susbcriber.   "The time...

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Moneylife Digital Team 31 October 2019
Four passenger cars that were subjected to a crash test by Global NCAP have shown disappointing results with none achieving  the highest five-star performance.   The entry level models tested included Ertiga and WagonR from Maruti Suzuki India Ltd, Santro from Hyundai India and RediGO...

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IANS 31 October 2019
Nearly 1.3 million debit and credit card data of Indian banking customers that can fetch up to $130 million for cybercriminals are available on Dark Web for open sale.   According to ZDNet, the cards' details is available on Joker's Stash -- one of the oldest card shops on the dark...

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Moneylife Digital Team 31 October 2019
The administrator appointed by Reserve Bank of India (RBI) on scam-hit Punjab & Maharashtra Cooperative (PMC) Bank has asked permission form economic offences wing (EOW) of Mumbai police to sell attached properties of Housing Development Infrastructure Ltd (HDIL) and the company promoters,...

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IANS 23 October 2019
The aggrieved depositors of the scam-hit Punjab & Maharashtra Cooperative Bank Ltd found no solution at a meeting with Reserve Bank of India (RBI) officials as the apex bank Governor Shaktikanta Das is currently touring abroad, representatives said here on Tuesday.   A delegation of...

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Talia Buford (ProPublica) 22 October 2019
A New Jersey utility sparked outrage for charging customers to subsidize nuclear plants. We checked the bills. Turns out, that was just one of 16 lurking surcharges.   New Jersey was reeling from the Great Recession, and Gov. Jon S. Corzine had a plan. Infrastructure projects, he...

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IANS 21 October 2019
Banking operations across the country will be affected on Tuesday as about 3.5 lakh bank employees will be on strike to protest mergers of government banks, said a top leader of All India Bank Employees' Association (AIBEA).   "Members of AIBEA and BEFI (Bank Employees Federation of...

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IANS 21 October 2019
In an apparent lapse in product quality checks, third party sellers on Amazon have been selling long expired food including old Hostess brownies and Teavana goods which were discontinued in 2017, the media reported.   There have been reports of the retail giant's marketplace having...

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Moneylife Digital Team 15 October 2019
One more depositor, Sanjay Gulati, whose family have about Rs90 lakh stuck in the fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank, died on Monday due to to cardiac arrest soon after returning home from a protest against the bank at Killa Court in Mumbai. Irony is he first lost his job...

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