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July 2019

June 2019

CFPB needs to quash draft rule aimed at weakening discrimination reporting requirements for mortgage lenders, attorney general says

The Consumer Financial Protection Bureau shouldn’t adopt its recently proposed rule that would undermine the ability to enforce fair lending laws and prevent discrimination in the mortgage lending market, New York Attorney General Letitia James said Friday. On May 13, the CFPB announced that it would raise the reporting threshold... Read more →

Ceramic space heaters are being recalled by Amazon due to fire and burn hazards

Amazon is recalling about 377,000 AmazonBasics 1500 watt ceramic space heaters in the United States, 18,000 in Canada, and 3,765 in Mexico. The heater can overheat, posing fire and burn hazards. Amazon has received 25 reports in the United States and five reports in Canada of the ceramic heater overheating,... Read more →

Facts and figures for Father’s Day 2019

It’s that time of year again. When the flowers bloom and the trees leaf out, it’s time to recognize those important guys in our families – our dads. Spending Americans are expected to spend a record amount on gifts for Father’s Day this year, according a survey conducted for the... Read more →

Best wishes on Flag Day – a day to commemorate the adoption of the American flag

Flag Day is June 14 each year, but it’s not an official federal holiday. It’s a day to commemorate the American flag. On June 14, 1777, Congress authorized a red-white-and-blue flag with stars and stripes as the national symbol of the USA. On May 30, 1916, President Woodrow Wilson established... Read more →

More children’s cereals contaminated with cancer-causing weedkiller identified in new round of tests by EWG

A toxic weed-killer linked to cancer was detected in every sample of oat-based cereals and snack products in a new round of tests commissioned by the Environmental Working Group. All but four of the 21 products contained levels of glyphosate, the main ingredient in Bayer-Monsanto’s Roundup, higher than what EWG... Read more →

Sloppy practices by student loan servicers create obstacles to repayment, consumer group says

U.S. Department of Education data shows that nearly a quarter of the more than 43 million federal student loan borrowers are in trouble with their loan payments. These borrowers need high-quality, timely assistance, but, unfortunately, the student loan servicing industry has long been rife with misconduct, said Joanna K. Darcus,... Read more →

Credit score knowledge dips in last eight year, survey shows

Consumer knowledge about credit scores is at the lowest level in the past eight years, according to the ninth annual credit score survey released Monday by the Consumer Federation of America and Vantage Score Solutions. On most questions, correct scores declined by more than 10 percentage points, and sometimes by... Read more →

Baby boomers embrace summer with fun and practical ideas

What’s a boomer-style summer look like? Summer boomer style looks like any other season – with thoughts and activities both practical and deep. This week’s articles include: The dilemma older adults face on whether to dye their hair. How to reduce arguments about money. Hidden fees that most Americans pay... Read more →

Three-prong adapters sold as part of World Travel Adapter Kit being recalled by Apple due to electric shock risk

Apple is recalling about 814,000 three-prong wall adapters included in Apple AC World Travel Adapter Kits in the United States and about 81,000 in Canada. Apple has received six reports from other countries of wall plug adapters breaking and consumers receiving shocks, including two reports of consumers who were medically... Read more →