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December 2016

FTC charges CarMax, two auto retailers with failing to disclose recalls

CarMax and two other major used auto retailers have agreed Friday to settle Federal Trade Commission charges that they advertise how well they inspect their used cars, but failed to disclose that some of the cars had unrepaired safety recalls. The FTC’s lawsuit against CarMax describes the company’s claims about... Read more →


After Christmas sales are starting as early as Dec. 20

In 2012, "After Christmas" sales started appearing on Christmas Eve. The sales have steadily crept back since then, according to DealNews.com. Last year an "After Christmas" sale from Macy's started on Dec. 20, with orders still guaranteed for pre-Christmas delivery. Although most After Christmas sales still fall between Christmas and... Read more →


Most baby boomer bloggers carry on positively, despite Trump’s ascendance to the presidency

Well, a week from today is Christmas. I should be feeling the holiday cheer… but I’m not. Tomorrow, Dec. 19, the Electoral College will vote for the president of the United States. Electors have been urged by the thousands of Americans to select someone beside Donald Trump. However, they’re unlikely... Read more →


Conair recalling 8 million Cuisinart food processers due to laceration hazard

Conair is recalling about 8 million Cuisinart food processers in the United States and about 300,000 in Canada. The food processor’s riveted blade can crack over time and small metal pieces of the blade can break off into the processed food. This poses a laceration hazard to consumers. Conair has... Read more →


Vemma agrees to settlement with FTC on pyramid scheme charges

Vemma Nutrition Co. promotes itself as a business “opportunity” where people can make “big money” from selling energy, health, and wellness drinks. In 2015, the Federal Trade Commission filed a lawsuit, alleging that Vemma was running an illegal pyramid scheme and targeting college students. Vemma settled Thursday with the FTC.... Read more →


What to do about the changing retirement

As we all know, retirement is changing for people of all ages. In Consumer Reports latest look at the topic, “The New Retirement,” it discusses new approaches and reaffirms the need to start early to plan for the future. The new reality of retirement shows that 401(k) plans are getting... Read more →


DeVry University agrees to pay $100 million to settle FTC charges of false advertising of job expectations

Ads on television extolling the virtues of for-profit colleges look appealing to many wanting to further their educations. However, consumers often have trouble with them. For example, DeVry University claimed that 90 percent of graduates actively seeking employment landed jobs in their field within six months of graduation, said Jennifer... Read more →


States charge six generic drug companies with price fixing

Twenty attorneys general filed a lawsuit Thursday against six generic drug-makers alleging the companies conspired to artificially inflate and manipulate prices and reduce competition in the United States for two generic drugs: doxycycline hyclate delayed release and glyburide. Doxycycline hyclate delayed release is an antibiotic and glyburide is an oral... Read more →


Ashley Madison agrees to pay $1.6 million to settle charges with FTC and states

The operators of the Toronto-based AshleyMadison.com dating site agreed Wednesday to settle Federal Trade Commission and state charges that they deceived consumers and failed to protect 36 million users’ account and profile information when a massive July 2015 data breach of their network occurred. The site, known for marketing to... Read more →