DOT Puts Airline Loyalty Programs Under the Microscope After Lawmakers Raise Concerns

[ad_1] The Department of Transportation is investigating possible deceptive practices in airline loyalty programs after federal lawmakers raised concerns about how companies are calculating points and rewards. A DOT spokesperson said in a statement that the agency is planning “to carefully review complaints regarding loyalty programs and exercise our authority to investigate airlines for unfair…

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‘Irregularities’, grossly ‘overstated’ revenue and client base: Hindenburg on Ebix | Business News

[ad_1] US-based Hindenburg Research, which came out with a report alleging accounting fraud and stock manipulation against the Adani group earlier this year, has now released another one on Ebix Inc alleging various “irregularities” and “overstated’ revenue and client base. Ebix, controlled by Robin Raina, is a US listed conglomerate with a focus on payment…

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