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February 2015

January 2015

Standard & Poor’s to pay more than $77 million to settle charges it misled investors

Photo: B64 The ratings agency Standard & Poor’s will pay more than $77 million to settle charges by the Securities and Exchange Commission and two states that it inflated its ratings of commercial mortgage-backed securities or CMBS without informing investors. The company agreed to pay more than $58 million to... Read more →


Obama’s suggests positive programs for baby boomer consumers in State of the Union address

Despite the fact that Republicans now control both houses of Congress, Pres. Barack Obama was upbeat in his State of the Union address Tuesday. For baby boomers, now ages 51 to 69, many of the policy changes he’s suggesting would be helpful. Boomers, who have been hard hit by the... Read more →


Growth in subprime auto market similar to pre-meltdown mortgage market before Great Recession

Growth in the subprime auto market is raising concerns that lending practices are leading to conditions that risk causing serious problems in the larger auto market. A report from the Center for Responsible Lending, "Reckless Driving: The Implications of Recent Subprime Auto Finance Growth," highlights trends in the $870 billion... Read more →


Recall of the Week: Pro Performance Sports all-position resistance trainers due to risk of severe injury

Pro Performance Sports is recalling about 52,000 SKLZ recoil 360 all-position resistance trainers. A weld on a ring on the resistance trainer’s belt can break during use and cause the resistance trainer’s flexible cord to quickly and unexpectedly retract and hit an exercise partner who is holding the other end,... Read more →


Test your home for radon during National Radon Action Month

January is National Radon Action Month. The U.S. Environmental Protection Agency is encouraging Americans in all areas of country to test their homes for radon, a naturally occurring radioactive gas. “Many people don’t realize that radon is the second cause of lung cancer after smoking,” said EPA Administrator Gina McCarthy.... Read more →


Which states are the riskiest financially for drivers?

With the lowest gas prices in six years and favorable interest rates likely to drive auto sales up significantly in 2015, WalletHub, a personal finance website, offers a report on “2015's Most and Least Risky States for Drivers’ Wallets.” What kind of financial risks do drivers take when they take... Read more →