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Watch out for land developers who advertise on social media and prey on vulnerable groups

Be sure research any company carefully if you’re considering a land deal. A Texas-based developer and lender operated an illegal land sales scheme and targeted tens of thousands of Hispanic borrowers with lies and predatory loans, according to a lawsuit filed Wednesday by the Consumer Financial Protection Bureau and the Justice Department. Read more →

Merry Christmas to all

Merry Christmas to everyone who celebrates this joyous day. I’m lucky to be able to celebrate with my daughter Mona and her family. We’ll be opening presents soon. I hope your holiday can be a joyous one without having to worry about finances. I was concerned when I read that nearly one in four Americans still have holiday debt from last year. Read more →

Facts and figures for the holidays 2023

Millions of people around the world are excited about the holidays. Shopping for gifts, gathering with friends and family, and attending religious events heighten excitement this time of year. Americans are expected to spend between 3 percent and 4 percent more in 2023 than last year, about $957.3 billion and $966.6 billion, according to a survey. Read more →

Tips you need for holiday returns

The holidays are a big time for spending and gift giving. Americans are expected to spend between 3 percent and 4 percent more in 2023 than last year, about $957.3 billion and $966.6 billion, according to a survey conducted for the National Retail Federation. That’s about $875 per person on gifts, decorations, food, and other holiday-related purchases. Read more →

What you need to know about the Goggle Play Store settlement

Are you eligible to receive money from a Google settlement? Google agreed to pay $700 million to settle a lawsuit charging that the company used its monopoly power to charge consumers as much as 30 percent for purchasing apps and making in-app purchases in its Play Store. The agreement requires Google to pay restitution and change procedures. Read more →

At last: Biden administration takes action on prescription drug price gouging

About 50 percent or more of price increases driving recent inflation is caused from price gouging. On Thursday, finally, President Biden called out the pharmaceutical industry for raising prices too much. Dozens of pharmaceutical companies will be required to pay rebates to Medicare for outrageous price hikes on prescription drugs. Read more →

CPSC warns consumers about high-power magnetics in toy sets after a history of injuries and deaths from these products

High-powered magnets are dangerous to kids. About 2,400 cases of magnets being ingested were treated in hospital emergency departments from 2017 through 2021. Seven deaths occurred. When the magnets are swallowed, they can cause perforations, twisting and/or blockage of the intestines, infection, blood poisoning, and death. Read more →

Be aware of problems with retail credit cards as you shop this holiday season

As you’re doing your holiday shopping, it may be tempting to sign up for a retail credit card to take $25 or $50 off a big purchase. Don’t do it. These cards typically come with higher-than-average interest rates and limitations on rewards earning and redemption. A survey by FinanceBuzz, a financial information website found the following:  Read more →

Payments available for people who received phony ‘preapproved’ Credit Karma credit card offers

Last year, Credit Karma agreed to pay $3 million to settle charges that it deceived people by claiming – falsely – that they had been “pre-approved” or had “90% odds” of approval for credit cards or loans offered by banks and lenders that used Credit Karma to promote their financial products. Many people weren’t approved for credit. Read more →

Watch out for DNA testing firms that misrepresent their test results and trick consumers into paying for products

Be sure to check out any DNA testing firms that you’re considering buying a test kit from. CRI Genetics made false claims on its websites and social media that its ancestry reports were more accurate and detailed than other DNA testing companies, such as Ancestry DNA and 23andMe, according to a joint lawsuit by two agencies. Read more →