Housing Feed

Watch out for timeshare exit companies that make your timeshare problems worse

We’ve all seen the TV ads, especially late at night, when the rates are cheaper. A guy says he can solve consumers’ timeshare problems and get them out of their contacts. If the exit company can’t get the contract canceled, he says, no worries, his company offers a money-back guarantee. Read more →


Wells Fargo fined $25 million for failing to pay back customers

Wells Fargo has been fined $250 million by the Office of Comptroller of the Currency, which said the bank didn’t pay back customers who were charged excessive or improper fees. “Wells Fargo has not met the requirements of the OCC’s 2018 action against the bank,” said Acting Comptroller of the Currency Michael J. Hsu. Read more →


Survey: 9 in 10 Americans say they’ve experienced inflation, shortages as economy reopens

As covid-19 restrictions were lifted and the economy continued to reopen over the past three months, most Americans say they’ve been impacted in the marketplace, according to survey for Consumer Reports, a consumer testing and advocacy organization. Read more →


Top 10 consumer complaints for 2020

Pandemic-related problems are among the top 10 complaints made to state and local consumer agencies in 2020, according to an annual survey by Consumer Federation of America. They also topped the lists of worst, fastest-growing, and new complaints. “COVID-19 generated complaints about everything from appliance repairs to childcare, trash pick-up... Read more →


Safety agency urges vacation rental platforms to require owners to disable residential elevators until they can be inspected

After another death of a young child in a residential elevator, the CPSC Tuesday asked vacation rental platforms, AirBnB, Vrbo, and others, to take steps immediately to protect consumers. Small children can be crushed to death in a gap that may exist between the doors. Read more →


Consumers who buy manufactured homes are charged higher interest rates, have more risks, and face credit barriers, report shows

Manufactured housing, one of the most affordable types of housing available to low-income consumers, makes up 13 percent of the housing stock in small towns and rural America. However, the lower cost of buying a manufactured home often comes with higher interest rates and limited opportunity to refinance. Read more →


Real estate agents overcharge consumers billions annually through double-dipping, report shows

About one million sellers and buyers in home sales with a single agent are charged excessive commissions totaling several billion dollars annually, a report from the Consumer Federation of America shows. The report also examines the conflicts of interest of these double-dipping agents. Read more →


Sign up for my newsletter and get 10 money tips each week

This week, I wrote the 100th issue of my newsletter Helpful Money Tips for You. To celebrate, instead of offering my usual 10 tips, I offered 100. To sign up to get my free newsletter, go to http://eepurl.com/gkZ6JH. You'll get it in your email. Read more →


Federal and state agencies close down huge charity fraud operation

Two companies that operated a massive phone operation that placed 1.3 billion deceptive fundraising charity calls to 67 million consumers have agreed to settle charges by the FTC and states. The defendants collected more than $110 million using mostly illegal robocall solicitations.  Read more →