Residential Credit Solutions has agreed to pay $1.5 million in restitution to victims for blocking consumers’ attempts to save their homes from foreclosure. It failed to honor modifications for loans transferred from other servicers, treated consumers as if they were in default when they weren’t, sent consumers escrow statements falsely... Read more →
Today is the 50th Anniversary of Medicare. Medicare helped my parents, and it’s helped millions of older Americans. My parents used to talk about “going to the poorhouse.” I seemed when their parents were growing up, poor people were actually taken to poor farms or buildings that were part of... Read more →
Signed 25 years ago this month, the Americans With Disabilities Act is helping millions of Americans lead healthier, more productive lives. The ADA is a civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, telecommunications, and all public and... Read more →
San Antonio has the highest credit card debt burden in the nation and San Francisco has the lowest, according to a CreditCards.com study. Texas ranked poorly – three of the five highest debt burdens – and the Northeast fared well – five of the seven lowest debt burdens. The study... Read more →
Fiat Chrysler Automobiles has acknowledged violations of federal requirements to repair vehicles with safety defects. It will be subject to federal oversight, buy back some defective vehicles from owners, and pay a $105 million penalty, the largest ever imposed by the U.S. Department of Transportation’s National Highway Traffic Safety Administration.... Read more →
Because of congressional restrictions on the government’s ability to negotiate with the pharmaceutical industry, Medicare Part D drug prices are significantly higher than those in either Medicaid or the Veterans Health Administration and 30 other countries, a study by Carleton University and Public Citizen finds. Twenty seven of the Organization... Read more →
Discover Bank and its affiliates are being fined for illegal private student loan servicing practices and are also being required to refund money to consumers The Consumer Financial Protection Bureau found that Discover overstated the minimum amounts due on billing statements and denied consumers information they needed to receive federal... Read more →
At about age 50, I was shocked to learn that it’s important to wear sunglasses all the time when you’re in the sun to protect eyes from developing cataracts. Throughout the years, I (and my insurance company) always paid more to go to an ophthalmologist, a medical doctor, rather than... Read more →
I’m the host for this week’s Best of Boomer Blogs #412. Whether it’s the summer havoc of grandkids, a new home, how to look at your ancestors’ history, or stronger painkiller warnings, baby boomer bloggers are writing about changes in life. Everyone looks forward to summer, when life is supposed... Read more →
Federal and state agencies are investigating two separate outbreaks of Salmonella Enteritidis infections linked to raw, frozen, stuffed chicken entrees. The two outbreaks are caused by different strains of Salmonella Enteritidis. On July 1, the U.S. Department of Agriculture’s Food Safety and Inspection Service issued a public health alert due... Read more →