Housing Feed

Recall of portable generator that amputated 24 fingers is reannounced

Among the biggest news from last week’s recalls is a portable generator that can amputate fingers. Generac and DR 6500 Watt and 8000 Watt portable generators have caused 37 injuries, 24 resulting in finger amputations and five in finger crushing, according to reports to Generac. Read more →


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I just wanted to write and let you know today about what's going on with my newsletter. I scour personal finance websites every week to find the best tips for people to use in their personal finance lives. I've been getting a lot of positive feedback on it. Recently, J. Money of Budgets Sexy took a look at my newsletter. Read more →


More than 30,000 residential elevators are being recalled after spinal injury to child

Residential Elevators Inc. is recalling about 31,000 home elevators. Young children can be trapped in the space between the exterior landing or hoistway door and the interior elevator car door or gate if there’s a hazardous gap. They can suffer serious injuries or death if caught in the gap when the elevator is called to another floor. Read more →


CFPB tells nursing homes they can’t try to collect from relatives and friends

Caregivers can’t be pursued over friends or family members’ debts from nursing home facilities. A report by the CFPB gives examples of how this illegal debt collection affects consumers: A daughter: The nursing home sent my name to the collection agency as if this was a debt accumulated by me. Read more →


Roomster sued by FTC and six states for tricking prospective renters with fake reviews and phony listings

Roomster and its owners are being sued by the Federal Trade Commission and six states alleging that the room and roommate finder platform posted reviews and other information that was false. The lawsuit announced Tuesday charges that Roomster posted fake positive reviews and made deceptive claims about its listings. Read more →


Opendoor to pay $62 million to settle charges it misled homeowners about what they’d make selling their home to the company

Opendoor promised consumers they’d make more money selling a home to them than they’d make on the open market. However, that wasn’t the reality, according to the FTC. Opendoor promoted itself as tech company that uses its pricing technology to offer more accurate offers and lower costs. Read more →


About 1.5 million electrical panels are being recalled by Schneider Electric due to burn and fire risk

Schneider Electric is recalling about 1.4 million Square D QO Plug-on-Neutral load centers, also known as breaker boxes and electrical panels, in the United States and 289,000 in Canada. The electric panels can overheat, posing thermal burn and fire risks. The firm has received one report of an incident of a loose wire. Read more →


Cities with the most and least student debt

College debts are one of the largest financial burdens for Americans. They make up the second highest type of household debt after mortgages, totaling $1.61 trillion. That’s about $37,000 per borrower. High balances with payoff times that lasts into middle age force graduates to delay other financial goals. Read more →


Real estate commissions paid by buyers aren’t competitive, study shows

An analysis of real estate buyer agent commission rates on 17,805 home sales in several dozen cities throughout the U.S. found a high degree of uniformity among these rates. A new report – “Real Estate Commission Rates in 35 Cities: Uniformity and Variation” – released by the Consumer Federation of America offers details. Read more →


Pressure washer is being recalled by Generac Power Systems due to carbon monoxide risk

Generac Power Systems is recalling about 53,000 electric start pressure washers in the United States and 1,750 in Canada. The electronic start/stop button on the pressure washer can malfunction and self-start, posing a risk of carbon monoxide poisoning if the unit is in a confined space.  Read more →