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August 2016

July 2016

Recall of the Week: Loot Crate oven mitts due to burn hazard

Loot Crate is recalling about 360,000 Marvel Thanos Infinity Gauntlet oven mitts in the United States, 15,000 in Canada, and 380 in Mexico. The oven mitts don’t have thermal protection, causing a burn hazard to consumers, the company and U.S. Consumer Product Safety Commission said. The firm has received 241... Read more →


Risky lending on the rise – again

The latest review of business lending shows the level of low-rated loans is higher than in previous periods of economic expansion. This raises concern that future losses and problem loans could rise considerably in the next credit cycle, the Board of Governors of the Federal Reserve System, Federal Deposit Insurance... Read more →


Federal consumer agency proposes overhauling debt collection

A rule is being proposed that would overhaul debt collection by capping collector contact attempts and ensuring that companies collect the correct debt. Under the proposal, debt collectors would be required to have more and better information about the debt before they collect it. As they’re collecting the debt, companies... Read more →


New rules proposed to improve quality of online courses

New rules for schools providing online courses are being proposed that would require state authorization to qualify for federal financial aid dollars, the U.S. Department of Education said Tuesday. The proposal will help students get a quality education and make sure that taxpayer dollars aren’t wasted on schools that fail... Read more →


Consumer financial protection agency celebrates five years of taking action to help consumers

In its first five years, the Consumer Financial Protection Bureau, a new agency created to help protect consumers in the financial marketplace, has returned more than $11.7 billion to 27 million consumers in refunds and reduced fees. “The CFPB is a data-driven, deliberative, and accountable regulator,” said Rachel Weintraub, legislative... Read more →


FCC tells phone companies to give customers free ways to block robocalls

The nation’s top phone companies should provide their customers with free ways to block unwanted robocalls, the Federal Communications Commission said in letters sent to them on Thursday. The companies have 30 days to respond with plans for allowing consumers to block the calls. As most consumers know, the number... Read more →


Baby boomer bloggers write about travel, rural living, and more

Carol Cassara of Heart•Mind•Soul is the host for this week’s Best of Boomer Blogs #458. Cassara urges her readers to peruse the gems of the baby boomer blogs she follows. They include searching for a reasonable night’s lodging while traveling at the height of the tourist season, moving to a... Read more →


Recall of the Week: Bar-S franks and corn dogs due to Listeria contamination

Bar-S Foods Co. is recalling about 372,684 pounds of chicken and pork hot dogs and corn dogs that may be adulterated with Listeria monocytogenes, the U.S. Department of Agriculture’s Food Safety and Inspection Service said Tuesday. The ready-to-eat, chicken and pork hot dogs and corn dogs were produced on July... Read more →


Top 10 chemicals EPA should review now

The new chemical safety law gives the U.S. Environmental Protection Agency more authority to regulate hazardous chemicals in consumer products. However, with thousands of chemicals on the market, most of which were never tested for safety, which should the EPA review first? The Environmental Working Group released a list of... Read more →