#/consumer-tech
Explore tagged Tumblr posts
Text
"The California state government has passed a landmark law that obligates technology companies to provide parts and manuals for repairing smartphones for seven years after their market release.
Senate Bill 244 passed 65-0 in the Assembly, and 38-0 in the Senate, and made California, the seat of so much of American technological hardware and software, the third state in the union to pass this so-called “right to repair” legislation.
On a more granular level, the bill guarantees consumers’ rights to replacement parts for three years’ time in the case of devices costing between $50 and $99, and seven years in the case of devices costing more than $100, with the bill retroactively affecting devices made and sold in 2021.
Similar laws have been passed in Minnesota and New York, but none with such a long-term period as California.
“Accessible, affordable, widely available repair benefits everyone,” said Kyle Wiens, the CEO of advocacy group iFixit, in a statement. “We’re especially thrilled to see this bill pass in the state where iFixit is headquartered, which also happens to be Big Tech’s backyard. Since Right to Repair can pass here, expect it to be on its way to a backyard near you.” ...
One of the reasons Wiens is cheering this on is because large manufacturers, from John Deere to Apple, have previously lobbied heavily against right-to-repair legislation for two reasons. One, it allows them to corner the repair and maintenance markets, and two, it [allegedly] protects their intellectual property and trade secrets from knock-offs or competition.
However, a byproduct of the difficulty of repairing modern electronics is that most people just throw them away.
...Wien added in the statement that he believes the California bill is a watershed that will cause a landslide of this legislation to come in the near future."
-via Good News Network, October 16, 2023
#united states#us politics#right to repair#planned obsolescence#enshittification#big tech#iphone#sustainability#ewaste#consumer rights#electronics#good news#hope#california#silicon valley
9K notes
·
View notes
Photo
The Hottest Summer Ever And The Water Crisis: Building A Sustainable Future By taking proactive measures to reduce water consumption and improve sustainability, the construction industry can contribute significantly to alleviating Europe's wat... https://www.forbes.com/sites/angelicakrystledonati/2023/09/01/the-hottest-summer-ever-and-the-water-crisis-building-a-sustainable-future/
#Consumer Tech#/consumer-tech#Innovation#/innovation#Real Estate#/real-estate#innovation#standard#Angelica Krystle Donati#Contributor#Forbes - Innovation
0 notes
Text
space sweepers but they're delivery people and are at no point on screen through the entire movie
#fantasy high#riz gukgak#kristen applebees#gorgug thistlespring#adaine abernant#fabian seacaster#figueroth faeth#the bad kids#half tempted to say these names are forum handles they use so much it pretty much became their professional names lol#I keep them teenagers bc its funnier that way#no real lore I just like drawing this. but I do think abt how theyre all weirdos too also bc thats funny to me#riz is a huge conspiracyhead who does everything by hands. he has a casio fx-570 in mint condition. nobody knows how he's maintaining it#he is nonetheless Really Good at his job. which somewhat tracks bc it's a job that requires keeping up with interstation conflicts#and new policies and an obsessive amount of planning. but he is Too Good at it. and also he dresses like that#kristen has the atomic engine that theoretically lets her unmake and remake matters with her mind. but it consumes a huge amount#of energy so it's mostly useless. she's still a cult survivor also#gorgug lives his entire life on a ship with his parents who quit a cushy deal maintaining a space station bc he wouldn't be allowed on#the low gravity let him grow very tall but also his oxygen saturation is pretty bad so he's got breathing support#fig is a robot who just found out she's a robot like two months ago. she's been assuming everyone's a robot like her and she's been feeling#very betrayed by her mom lying about that part. she's on a body mod spree which is rough bc system-specific parts are expensive#and so is adapting random parts to her system#fabian's still a pirate captain's son. can't say anything that'd be able to get the vibes across clearer than that#adaine went to tech/business school. she put her monthly allowance towards an ecoterrorist group in her academy which turned out to be an o#and she's currently wanted by UTS. more than fabian. which makes him slightly mad#she's also acquired a passion for low-tech weaponry on the way. she likes ice picks and cleavers#I think up all of this for no reason except that once again the idea of all these people being 1/teens and 2/on the same ship to be posties#is hilarious to me. esp. if they were in a forum group chat beforehand
502 notes
·
View notes
Text
Tech monopolists use their market power to invade your privacy
On SEPTEMBER 24th, I'll be speaking IN PERSON at the BOSTON PUBLIC LIBRARY!
It's easy to greet the FTC's new report on social media privacy, which concludes that tech giants have terrible privacy practices with a resounding "duh," but that would be a grave mistake.
Much to the disappointment of autocrats and would-be autocrats, administrative agencies like the FTC can't just make rules up. In order to enact policies, regulators have to do their homework: for example, they can do "market studies," which go beyond anything you'd get out of an MBA or Master of Public Policy program, thanks to the agency's legal authority to force companies to reveal their confidential business information.
Market studies are fabulous in their own right. The UK Competition and Markets Authority has a fantastic research group called the Digital Markets Unit that has published some of the most fascinating deep dives into how parts of the tech industry actually function, 400+ page bangers that pierce the Shield of Boringness that tech firms use to hide their operations. I recommend their ad-tech study:
https://www.gov.uk/cma-cases/online-platforms-and-digital-advertising-market-study
In and of themselves, good market studies are powerful things. They expose workings. They inform debate. When they're undertaken by wealthy, powerful countries, they provide enforcement roadmaps for smaller, poorer nations who are being tormented in the same way, by the same companies, that the regulator studied.
But market studies are really just curtain-raisers. After a regulator establishes the facts about a market, they can intervene. They can propose new regulations, and they can impose "conduct remedies" (punishments that restrict corporate behavior) on companies that are cheating.
Now, the stolen, corrupt, illegitimate, extremist, bullshit Supreme Court just made regulation a lot harder. In a case called Loper Bright, SCOTUS killed the longstanding principle of "Chevron deference," which basically meant that when an agency said it had built a factual case to support a regulation, courts should assume they're not lying:
https://jacobin.com/2024/07/scotus-decisions-chevron-immunity-loper
The death of Chevron Deference means that many important regulations – past, present and future – are going to get dragged in front of a judge, most likely one of those Texas MAGA mouth-breathers in the Fifth Circuit, to be neutered or killed. But even so, regulators still have options – they can still impose conduct remedies, which are unaffected by the sabotage of Chevron Deference.
Pre-Loper, post-Loper, and today, the careful, thorough investigation of the facts of how markets operate is the prelude to doing things about how those markets operate. Facts matter. They matter even if there's a change in government, because once the facts are in the public domain, other governments can use them as the basis for action.
Which is why, when the FTC uses its powers to compel disclosures from the largest tech companies in the world, and then assesses those disclosures and concludes that these companies engage in "vast surveillance," in ways that the users don't realize and that these companies "fail to adequately protect users, that matters.
What's more, the Commission concludes that "data abuses can fuel market dominance, and market dominance can, in turn, further enable data abuses and practices that harm consumers." In other words: tech monopolists spy on us in order to achieve and maintain their monopolies, and then they spy on us some more, and that hurts us.
So if you're wondering what kind of action this report is teeing up, I think we can safely say that the FTC believes that there's evidence that the unregulated, rampant practices of the commercial surveillance industry are illegal. First, because commercial surveillance harms us as "consumers." "Consumer welfare" is the one rubric for enforcement that the right-wing economists who hijacked antitrust law in the Reagan era left intact, and here we have the Commission giving us evidence that surveillance hurts us, and that it comes about as a result of monopoly, and that the more companies spy, the stronger their monopolies become.
But the Commission also tees up another kind of enforcement: Section 5, the long (long!) neglected power of the agency to punish companies for "unfair and deceptive methods of competition," a very broad power indeed:
https://pluralistic.net/2023/01/10/the-courage-to-govern/#whos-in-charge
In the study, the Commission shows – pretty convincingly! – that the commercial surveillance sector routinely tricks people who have no idea how their data is being used. Most people don't understand, for example, that the platforms use all kinds of inducements to get web publishers to embed tracking pixels, fonts, analytics beacons, etc that send user-data back to the Big Tech databases, where it's merged with data from your direct interactions with the company. Likewise, most people don't understand the shadowy data-broker industry, which sells Big Tech gigantic amounts of data harvested by your credit card company, by Bluetooth and wifi monitoring devices on streets and in stores, and by your car. Data-brokers buy this data from anyone who claims to have it, including people who are probably lying, like Nissan, who claims that it has records of the smells inside drivers' cars, as well as those drivers' sex-lives:
https://nypost.com/2023/09/06/nissan-kia-collect-data-about-drivers-sexual-activity/
Or Cox Communications, which claims that it is secretly recording and transcribing the conversations we have in range of the mics on our speakers, phones, and other IoT devices:
https://www.404media.co/heres-the-pitch-deck-for-active-listening-ad-targeting/
(If there's a kernel of truth to Cox's bullshit, my guess it's that they've convinced some of the sleazier "smart TV" companies to secretly turn on their mics, then inflated this into a marketdroid's wet-dream of "we have logged every word uttered by Americans and can use it to target ads.)
Notwithstanding the rampant fraud inside the data brokerage industry, there's no question that some of the data they offer for sale is real, that it's intimate and sensitive, and that the people it's harvested from never consented to its collection. How do you opt out of public facial recognition cameras? "Just don't have a face" isn't a realistic opt-out policy.
And if the public is being deceived about the collection of this data, they're even more in the dark about the way it's used – merged with on-platform usage data and data from apps and the web, then analyzed for the purposes of drawing "inferences" about you and your traits.
What's more, the companies have chaotic, bullshit internal processes for handling your data, which also rise to the level of "deceptive and unfair" conduct. For example, if you send these companies a deletion request for your data, they'll tell you they deleted the data, but actually, they keep it, after "de-identifying" it.
De-identification is a highly theoretical way of sanitizing data by removing the "personally identifiers" from it. In practice, most de-identified data can be quickly re-identified, and nearly all de-identified data can eventually be re-identified:
https://pluralistic.net/2024/03/08/the-fire-of-orodruin/#are-we-the-baddies
Breaches, re-identification, and weaponization are extraordinarily hard to prevent. In general, we should operate on the assumption that any data that's collected will probably leak, and any data that's retained will almost certainly leak someday. To have even a hope of preventing this, companies have to treat data with enormous care, maintaining detailed logs and conducting regular audits. But the Commission found that the biggest tech companies are extraordinarily sloppy, to the point where "they often could not even identify all the data points they collected or all of the third parties they shared that data with."
This has serious implications for consumer privacy, obviously, but there's also a big national security dimension. Given the recent panic at the prospect that the Chinese government is using Tiktok to spy on Americans, it's pretty amazing that American commercial surveillance has escaped serious Congressional scrutiny.
After all, it would be a simple matter to use the tech platforms targeting systems to identify and push ads (including ads linking to malicious sites) to Congressional staffers ("under-40s with Political Science college degrees within one mile of Congress") or, say, NORAD personnel ("Air Force enlistees within one mile of Cheyenne Mountain").
Those targeting parameters should be enough to worry Congress, but there's a whole universe of potential characteristics that can be selected, hence the Commission's conclusion that "profound threats to users can occur when targeting occurs based on sensitive categories."
The FTC's findings about the dangers of all this data are timely, given the current wrangle over another antitrust case. In August, a federal court found that Google is a monopolist in search, and that the company used its data lakes to secure and maintain its monopoly.
This kicked off widespread demands for the court to order Google to share its data with competitors in order to erase that competitive advantage. Holy moly is this a bad idea – as the FTC study shows, the data that Google stole from us all is incredibly toxic. Arguing that we can fix the Google problem by sharing that data far and wide is like proposing that we can "solve" the fact that only some countries have nuclear warheads by "democratizing" access to planet-busting bombs:
https://pluralistic.net/2024/08/07/revealed-preferences/#extinguish-v-improve
To address the competitive advantage Google achieved by engaging in the reckless, harmful conduct detailed in this FTC report, we should delete all that data. Sure, that may seem inconceivable, but come on, surely the right amount of toxic, nonconsensually harvested data on the public that should be retained by corporations is zero:
https://pluralistic.net/2024/09/19/just-stop-putting-that-up-your-ass/#harm-reduction
Some people argue that we don't need to share out the data that Google never should have been allowed to collect – it's enough to share out the "inferences" that Google drew from that data, and from other data its other tentacles (Youtube, Android, etc) shoved into its gaping maw, as well as the oceans of data-broker slurry it stirred into the mix.
But as the report finds, the most unethical, least consensual data was "personal information that these systems infer, that was purchased from third parties, or that was derived from users’ and non-users’ activities off of the platform." We gotta delete that, too. Especially that.
A major focus of the report is the way that the platforms handled children's data. Platforms have special obligations when it comes to kids' data, because while Congress has failed to act on consumer privacy, they did bestir themselves to enact a children's privacy law. In 2000, Congress passed the Children's Online Privacy Protection Act (COPPA), which puts strict limits on the collection, retention and processing of data on kids under 13.
Now, there are two ways to think about COPPA. One view is, "if you're not certain that everyone in your data-set is over 13, you shouldn't be collecting or processing their data at all." Another is, "In order to ensure that everyone whose data you're collecting and processing is over 13, you should collect a gigantic amount of data on all of them, including the under-13s, in order to be sure that not collecting under-13s' data." That second approach would be ironically self-defeating, obviously, though it's one that's gaining traction around the world and in state legislatures, as "age verification" laws find legislative support.
The platforms, meanwhile, found a third, even stupider approach: rather than collecting nothing because they can't verify ages, or collecting everything to verify ages, they collect everything, but make you click a box that says, "I'm over 13":
https://pluralistic.net/2023/04/09/how-to-make-a-child-safe-tiktok/
It will not surprise you to learn that many children under 13 have figured out that they can click the "I'm over 13" box and go on their merry way. It won't surprise you, but apparently, it will surprise the hell out of the platforms, who claimed that they had zero underage users on the basis that everyone has to click the "I'm over 13" box to get an account on the service.
By failing to pass comprehensive privacy legislation for 36 years (and counting), Congress delegated privacy protection to self-regulation by the companies themselves. They've been marking their own homework, and now, thanks to the FTC's power to compel disclosures, we can say for certain that the platforms cheat.
No surprise that the FTC's top recommendation is for Congress to pass a new privacy law. But they've got other, eminently sensible recommendations, like requiring the companies to do a better job of protecting their users' data: collect less, store less, delete it after use, stop combining data from their various lines of business, and stop sharing data with third parties.
Remember, the FTC has broad powers to order "conduct remedies" like this, and these are largely unaffected by the Supreme Court's "Chevron deference" decision in Loper-Bright.
The FTC says that privacy policies should be "clear, simple, and easily understood," and says that ad-targeting should be severely restricted. They want clearer consent for data inferences (including AI), and that companies should monitor their own processes with regular, stringent audits.
They also have recommendations for competition regulators – remember, the Biden administration has a "whole of government" antitrust approach that asks every agency to use its power to break up corporate concentration:
https://www.eff.org/deeplinks/2021/08/party-its-1979-og-antitrust-back-baby
They say that competition enforcers factor in the privacy implications of proposed mergers, and think about how promoting privacy could also promote competition (in other words, if Google's stolen data helped it secure a monopoly, then making them delete that data will weaken their market power).
I understand the reflex to greet a report like this with cheap cynicism, but that's a mistake. There's a difference between "everybody knows" that tech is screwing us on privacy, and "a federal agency has concluded" that this is true. These market studies make a difference – if you doubt it, consider for a moment that Cigna is suing the FTC for releasing a landmark market study showing how its Express Scripts division has used its monopoly power to jack up the price of prescription drugs:
https://www.fiercehealthcare.com/payers/express-scripts-files-suit-against-ftc-demands-retraction-report-pbm-industry
Big business is shit-scared of this kind of research by federal agencies – if they think this threatens their power, why shouldn't we take them at their word?
This report is a milestone, and – as with the UK Competition and Markets Authority reports – it's a banger. Even after Loper-Bright, this report can form the factual foundation for muscular conduct remedies that will limit what the largest tech companies can do.
But without privacy law, the data brokerages that feed the tech giants will be largely unaffected. True, the Consumer Finance Protection Bureau is doing some good work at the margins here:
https://pluralistic.net/2023/08/16/the-second-best-time-is-now/#the-point-of-a-system-is-what-it-does
But we need to do more than curb the worst excesses of the largest data-brokers. We need to kill this sector, and to do that, Congress has to act:
https://pluralistic.net/2023/12/06/privacy-first/#but-not-just-privacy
The paperback edition of The Lost Cause, my nationally bestselling, hopeful solarpunk novel is out this month!
If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2024/09/20/water-also-wet/#marking-their-own-homework
Image: Cryteria (modified) https://commons.wikimedia.org/wiki/File:HAL9000.svg
CC BY 3.0 https://creativecommons.org/licenses/by/3.0/deed.en
#pluralistic#coppa#privacy first#ftc#section 5 of the ftc act#privacy#consumer privacy#big tech#antitrust#monopolies#data brokers#radium suppositories#commercial surveillance#surveillance#google#a look behind the screens
230 notes
·
View notes
Text
I just had a thought, fueled by the fact I have a fever probably.
Bruce, Batman, is very mom-coded.
Tony, Iron Man, is very dad-coded.
They should platonically co-parent.
#batman#bruce wayne#dc#dcu#prompts#iron man#tony stark#marvel#mcu#Dick and Peter would be best friends change my mind#Also this relationship would be fueled by Stubbornness Competitiveness and sheer SPITE#Along with the fact they're both wrapped around their children's fingers#And working together could take over the world if it wouldn't be so much paperwork#and taking down rebellions would be so time consuming compared to things they actually enjoy#Not quite lab buddies & more 'hello fellow baseline human usin tech & skill to fight gods' buddy#Also you cannot tell me they wouldn't have fun hangin out in their public covers w/ Brucie bein happy himbo & Tony bein flirty genius#dc x marvel#marvel x dc#dc crossover#marvel crossover
223 notes
·
View notes
Text
Crosshair: What’s it like having a big forehead?
Tech: What’s it like not being able to consume dairy products?
#Crosshair: …#crosshair will say shit and then tech will come back like ‘I’m about to end this man’s whole career’#this was based off a real life sibling conversation#tech and crosshair are twins#and yet tech can consume dairy and Crosshair can’t so Crosshair is very bitter about this#so tech will bring this up to push his buttons#he’ll be like: oh you can’t consume dairy? skill issue#based off the fact that I am very salty about the fact that my siblings can eat dairy and fried food with no problem but I can’t#star wars tbb#star wars the bad batch#the bad batch#tbb crosshair#incorrect bad batch quotes#tbb tech#tbb incorrect quotes#batch twins#bad batch twins
119 notes
·
View notes
Text
oughhhh juno and tech staring at each other which was really me studying side profiles,, and then i was like wow i actually want these two stem nerds to kiss so bad
#star wars the bad batch#the bad batch#star wars#tech the bad batch#tbb tech#tech tbb#mandalorian oc#clone trooper tech#tech#juno caheere#juntech#im being consumed by the worms#so many worms#the whole zine about them isn't helping
240 notes
·
View notes
Text
I'm so happy that tech companies without anyone asking got rid of headphone jacks so that I can only play music through my car speakers via Bluetooth. A thing that notoriously works 100% of the time (hint it never has worked for me in 10 years of owning a phone. That technology FUCKING sucks and they got rid of something that Bluetooth isn't HALF as good or reliable as)
#i fucking hate tech so much#all aspects of Capitalism are made without any consumers consent and they expect you to keep buying#bc you dont have a fucking choice!!!#manufactured consent#deerposting
387 notes
·
View notes
Photo
Vianova Signs Deal With Brussels To Manage E-Scooter Fleets Vianova, the mobility data analytics platform, has inked a deal with Brussels to help city authorities manage the fleets of e-scooters on their streets. https://www.forbes.com/sites/jonathankeane/2023/07/20/vianova-signs-deal-with-brussels-to-manage-e-scooter-fleets/
#Consumer Tech#/consumer-tech#Innovation#/innovation#standard#Jonathan Keane#Contributor#Forbes - Innovation
0 notes
Text
i'm curious what the opinion of my followers and my followers' followers etc. are, so feel free to rb
79 notes
·
View notes
Text
beep beep boom! <- it's the sound of the Zionist Entity's future as a tech exporter going up in flames :)
#commit terrorist attacks against civilians with systematically sabotaged consumer electronics and nobody will by your tech#funny how that works!
25 notes
·
View notes
Note
Ask for a Christopher :3
What does it takes for him to spare the prey? (At least from digestion)
Like in which case he would spare them?
Good question!
The version of Christopher I use on my blog is one that has been warped by years of constant hunger. He’s been greeted with fear everywhere he goes, yet for the most part, he only preys on those who wholly deserve it— I say for the most part of course because of his appetite.
To spare his prey, they’d need to be one of two things. Either innocent— innocent and curious enough to react with something other than fears or in a dangerous situation with no way out. Despite his attitude, he has a soft side that mingles with his instinct to eat prey in a way that creates… creative rescue solutions for any involved.
I think his biggest problem with humanity is their greed. He makes deals with humans, offers them riches in exchange for a snack, and he waits until they’ve let their lust for power corrupt them before he pounces. He’s only had his deals turned down a handful of times, and those people?
Those are ones he keeps a more sympathetic eye on.
If you can manage to do both of those things, you might end up seeing his guts in quite the different light. He’s a protective pred at heart. The cruelty is a learned behaviour. Truthfully?
All he needs is a good friend.
#soft vore#g/t vore#male pred#safe vore#chris tag#implied digestion#digestion mention#he’s like. a cursed warlock who has to consume souls in order to stay alive. basically and he also exists in the modern day.#he’s a fun little dude!! he used to work in the tech industry as a peaceful shifter (which. I have lore on they’re a species to me)#now he’s a hungry deal maker with a penchant for snacking on souls of the greedy <3
16 notes
·
View notes
Text
Fintech bullies stole your kid’s lunch money
I'm coming to DEFCON! On Aug 9, I'm emceeing the EFF POKER TOURNAMENT (noon at the Horseshoe Poker Room), and appearing on the BRICKED AND ABANDONED panel (5PM, LVCC - L1 - HW1–11–01). On Aug 10, I'm giving a keynote called "DISENSHITTIFY OR DIE! How hackers can seize the means of computation and build a new, good internet that is hardened against our asshole bosses' insatiable horniness for enshittification" (noon, LVCC - L1 - HW1–11–01).
Three companies control the market for school lunch payments. They take as much as 60 cents out of every dollar poor kids' parents put into the system to the tune of $100m/year. They're literally stealing poor kids' lunch money.
In its latest report, the Consumer Finance Protection Bureau describes this scam in eye-watering, blood-boiling detail:
https://files.consumerfinance.gov/f/documents/cfpb_costs-of-electronic-payment-in-k-12-schools-issue-spotlight_2024-07.pdf
The report samples 16.7m K-12 students in 25k schools. It finds that schools are racing to go cashless, with 87% contracting with payment processors to handle cafeteria transactions. Three processors dominate the sector: Myschoolbucks, Schoolcafé, and Linq Connect.
These aren't credit card processors (most students don't have credit cards). Instead, they let kids set up an account, like a prison commissary account, that their families load up with cash. And, as with prison commissary accounts, every time a loved one adds cash to the account, the processor takes a giant whack out of them with junk fees:
https://pluralistic.net/2024/02/14/minnesota-nice/#shitty-technology-adoption-curve
If you're the parent of a kid who is eligible for a reduced-price lunch (that is, if you are poor), then about 60% of the money you put into your kid's account is gobbled up by these payment processors in service charges.
It's expensive to be poor, and this is no exception. If your kid doesn't qualify for the lunch subsidy, you're only paying about 8% in service charges (which is still triple the rate charged by credit card companies for payment processing).
The disparity is down to how these charges are calculated. The payment processors charge a flat fee for every top-up, and poor families can't afford to minimize these fees by making a single payment at the start of the year or semester. Instead, they pay small sums every payday, meaning they pay the fee twice per month (or even more frequently).
Not only is the sector concentrated into three companies, neither school districts nor parents have any meaningful way to shop around. For school districts, payment processing is usually bundled in with other school services, like student data management and HR data handling. For parents, there's no way to choose a different payment processor – you have to go with the one the school district has chosen.
This is all illegal. The USDA – which provides and regulates – the reduced cost lunch program, bans schools from charging fees to receive its meals. Under USDA regs, schools must allow kids to pay cash, or to top up their accounts with cash at the school, without any fees. The USDA has repeatedly (2014, 2017) published these rules.
Despite this, many schools refuse to handle cash, citing safety and security, and even when schools do accept cash or checks, they often fail to advertise this fact.
The USDA also requires schools to publish the fees charged by processors, but most of the districts in the study violate this requirement. Where schools do publish fees, we see a per-transaction charge of up to $3.25 for an ACH transfer that costs $0.26-0.50, or 4.58% for a debit/credit-card transaction that costs 1.5%. On top of this, many payment processors charge a one-time fee to enroll a student in the program and "convenience fees" to transfer funds between siblings' accounts. They also set maximum fees that make it hard to avoid paying multiple charges through the year.
These are classic junk fees. As Matt Stoller puts it: "'Convenience fees' that aren't convenient and 'service fees' without any service." Another way in which these fit the definition of junk fees: they are calculated at the end of the transaction, and not advertised up front.
Like all junk fee companies, school payment processors make it extremely hard to cancel an automatic recurring payment, and have innumerable hurdles to getting a refund, which takes an age to arrive.
Now, there are many agencies that could have compiled this report (the USDA, for one), and it could just as easily have come from an academic or a journalist. But it didn't – it came from the CFPB, and that matters, because the CFPB has the means, motive and opportunity to do something about this.
The CFPB has emerged as a powerhouse of a regulator, doing things that materially and profoundly benefit average Americans. During the lockdowns, they were the ones who took on scumbag landlords who violated the ban on evictions:
https://pluralistic.net/2021/04/20/euthanize-rentier-enablers/#cfpb
They went after "Earned Wage Access" programs where your boss colludes with payday lenders to trap you in debt at 300% APR:
https://pluralistic.net/2023/05/01/usury/#tech-exceptionalism
They are forcing the banks to let you move your account (along with all your payment history, stored payees, automatic payments, etc) with one click – and they're standing up a site that will analyze your account data and tell you which bank will give you the best deal:
https://pluralistic.net/2023/10/21/let-my-dollars-go/#personal-financial-data-rights
They're going after "buy now, pay later" companies that flout borrower protection rules, making a rogues' gallery of repeat corporate criminals, banning fine-print gotcha clauses, and they're doing it all in the wake of a 7-2 Supreme Court decision that affirmed their power to do so:
https://pluralistic.net/2024/06/10/getting-things-done/#deliverism
The CFPB can – and will – do something to protect America's poorest parents from having $100m of their kids' lunch money stolen by three giant fintech companies. But whether they'll continue to do so under a Kamala Harris administration is an open question. While Harris has repeatedly talked up the ways that Biden's CFPB, the DOJ Antitrust Division, and FTC have gone after corporate abuses, some of her largest donors are demanding that her administration fire the heads of these agencies and crush their agenda:
https://prospect.org/power/2024-07-26-corporate-wishcasting-attack-lina-khan/
Tens of millions of dollars have been donated to Harris' campaign and PACs that support her by billionaires like Reid Hoffman, who says that FTC Chair Lina Khan is "waging war on American business":
https://prospect.org/power/2024-07-26-corporate-wishcasting-attack-lina-khan/
Some of the richest Democrat donors told the Financial Times that their donations were contingent on Harris firing Khan and that they'd been assured this would happen:
https://archive.is/k7tUY
This would be a disaster – for America, and for Harris's election prospects – and one hopes that Harris and her advisors know it. Writing in his "How Things Work" newsletter today, Hamilton Nolan makes the case that labor unions should publicly declare that they support the FTC, the CFPB and the DOJ's antitrust efforts:
https://www.hamiltonnolan.com/p/unions-and-antitrust-are-peanut-butter
Don’t want huge companies and their idiot billionaire bosses to run the world? Break them up, and unionize them. It’s the best program we have.
Perhaps you've heard that antitrust is anti-worker. It's true that antitrust law has been used to attack labor organizing, but that has always been in spite of the letter of the law. Indeed, the legislative history of US antitrust law is Congress repeatedly passing law after law explaining that antitrust "aims at dollars, not men":
https://pluralistic.net/2023/04/14/aiming-at-dollars/#not-men
The Democrats need to be more than The Party of Not Trump. To succeed – as a party and as a force for a future for Americans – they have to be the party that defends us – workers, parents, kids and retirees alike – from corporate predation.
Support me this summer on the Clarion Write-A-Thon and help raise money for the Clarion Science Fiction and Fantasy Writers' Workshop!
If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2024/07/26/taanstafl/#stay-hungry
Image: Cryteria (modified) https://commons.wikimedia.org/wiki/File:HAL9000.svg
CC BY 3.0 https://creativecommons.org/licenses/by/3.0/deed.en
#pluralistic#fintech#ed-tech#finance#usury#payment processing#chokepoints#corruption#monopoly#cfpb#consumer finance protection bureau
212 notes
·
View notes
Note
can I please have a stimboard for the Maelstrom gang in Cyberpunk 2077??
maelstrom gang(cyberpunk 2077) stimboard for anon
x x x / x - x / x x x
#💭 hopefully this matches what you wanted!#💭 i have never consumed cyberpunk in my life lol#stim#stimboard#requests#*mine#anon#tech#technology#cyber#buttons#switches#grey#red#black#cyberpunk#cyberpunk 2077#maelstrom gang#anonymous
35 notes
·
View notes
Text
The two types of reactions to tbb finale directly correlating to the two stances on Tech being alive or dead is both fascinating and somehow unsurprising, meanwhile I'm just over here glad no one else is dead.
#spoken as someone who has watched this season via tumblr to avoid acknowledging tech is gone#and who will continue to consume fix it fic gleefully#it's crazy how the stances are either 'it was perfect' or that gif of Anakin saying “LIAR”#the bad batch#tbb#the bad batch season 3#tbb spoilers#the bad batch spoilers
25 notes
·
View notes
Text
no bc phee really is literally the perfect partner for tech and he's the perfect partner for her bc they're both complete nerds in their own way who will 100% boost and influence each other's nerdiness and geek out just as much
like tech will absolutely be just as excited over a random ancient artifact that phee finds as she will be over a new algorithm that he discovers, they are meant for each other please
#bad batch i am begging on my knees that tech and phee get a happy ending#they're both fucking NERDS and they're perfect for each other#these two have completely consumed me now#like they ARE the black cat/golden retriever couple#waiting for echo to come back bc he will IMMEDIATELY clock the two of them#'babe come look at this cool rock'#'omg babe that's so cool come look at this new code'#'omg babe that's amazing'#they're just so#the bad batch#the bad batch spoilers#phee genoa#the bad batch tech#again#idk their ship name lmao
166 notes
·
View notes