Currently, manufacturers are reducing the size or quantity of products while maintaining or increasing prices. This practice, called shrinkflation, has drawn attention recently, with President Biden and Cookie Monster expressing their disapproval. A bill aims to empower the Federal Trade Commission to curb shrinkflation through regulations and legal actions. Consumers can combat shrinkflation by carefully observing changes in product sizes and considering alternative brands or retailers. By being mindful of their purchases, consumers can potentially reduce their grocery expenses.
The FTC has filed a complaint against H&R Block for allegedly misleading consumers about its free tax filing products and wrongfully deleting user data. The FTC claims that H&R Block made false claims, made it difficult for users to downgrade to cheaper products, and committed "data-wipes." H&R Block denies these allegations and emphasizes their value, expertise, and pricing. This action follows the FTC's recent scrutiny of tax filing software providers and highlights alternative free filing options for taxpayers.
