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New crackdown on high-cost credit charges

New crackdown on high-cost credit charges

Business
The country's financial watchdog has proposed a package of measures to help consumers who are facing high-cost credit charges. One of the main suggestions is a cap on prices in the household goods rent-to-own sector, with the Financial Conduct Authority (FCA) saying a consumer renting an essential such as an electric cooker costing £300 could end up with a £1,500 bill.The FCA said it had "identified a need to intervene to protect financially vulnerable consumers in this market".Also for consideration on the table is a ban on the sale of extended warranties at the point of purchase, which the watchdog said could save consumers up to £7.7m each year.It said it would also be consulting on reforms to bank overdraft charges, door-step lending and catalogue credit ...
Weinstein in court on rape and sex assault charges

Weinstein in court on rape and sex assault charges

Entertainment
Hollywood producer Harvey Weinstein has appeared in court in New York to face a number of charges, including rape and a criminal sex act. The charges, which relate to two women in 2004 and 2013, are the first to be brought against the 66-year-old following allegations by dozens of women which gave rise to the #MeToo movement last year.Weinstein, who surrendered himself in Manhattan, did not speak to reporters as he entered the police building in front of dozens of cameras.:: Opinion: Harvey Weinstein will not go down without a fight Image: Harvey Weinstein has repeatedly denied allegations made against him Nor did he say anything as he was led out less than an hour later, in handcuffs and with a smile on his face.:: Wh...
Prince overdose: No charges to be brought

Prince overdose: No charges to be brought

Entertainment
No criminal charges will be brought after the death of pop star Prince from a fentanyl overdose almost two years ago.Closing a two-year investigation into how the singer obtained the painkiller - which is 50 times stronger than heroin - a Minnesota prosecutor said there was no reliable evidence to show who had given him the drug.Image:The singer was found unresponsive in a lift at his Paisley Park homeCarver County attorney Mark Metz said: "We simply do not have sufficient evidence to charge anyone with a crime related to Prince's death."The Purple Rain singer was 57 when he was found alone and unresponsive in a lift at his Paisley Park home in Minnesota on 21 April, 2016.While Mr Metz acknowledged that someone around the musical icon must have supplied him with the counterfeit pills, he s...
Backpage.com, CEO plead guilty to state, US charges

Backpage.com, CEO plead guilty to state, US charges

Technology
The chief executive of a website that authorities have dubbed a lucrative nationwide "online brothel" pleaded guilty Thursday to state and federal charges including conspiracy and money laundering, and agreed to testify in ongoing prosecutions against others at Backpage.com, authorities said. Federal prosecutors say that Backpage brought in a half-billion dollars since it began in 2004, mostly through prominent risque advertising for escorts and massages, among other services and some goods for sale. Authorities allege the site was often used to traffic underage victims, while company officials said they tried to scrub the website of such ads. Chief Executive Officer Carl Ferrer will serve no more than five years in prison under a California agreement in which he pleaded guilty to one cou...
Justice Department announces charges in $500 million senior fraud schemes

Justice Department announces charges in $500 million senior fraud schemes

Finance
The Justice Department announced a broad enforcement sweep targeting financial fraud against the elderly, resulting in charges filed against more than 250 defendants.U.S. Attorney General Jeff Sessions discussed the charges during a press conference in Washington on Thursday.Justice coordinated with other law enforcement agencies, including the FBI, the Federal Trade Commission and state attorneys general, in building the cases.The perpetrators allegedly used mass mailing and telemarketing to rip off seniors, as well as individual incidences of identity theft and financial abuse by guardians."Today's actions send a clear message: We will hold perpetrators of elder fraud schemes accountable wherever they are," said Sessions.The defendants allegedly harmed more than a million victims, most o...