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More than a third of consumers found mistakes in their credit reports, survey shows

More than a third of consumers who recently checked their credit reports found mistakes in them, a survey found. Many of the nearly 6,000 consumers who participated also reported having difficulty getting their free credit reports online, while others said they were unfairly charged for services. Read more →


Two Florida companies charged by FTC with aiding student debt relief fraudsters

Two Florida companies and their CEO will be barred from offering payment-processing services to settle Federal Trade Commission allegations that they aided a criminal student debt relief scam that bilked $62 million from thousands of students and their families. 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 →


Corporate prosecutions dropped to a 25-year low during last year of Trump administration

Corporations escaped punishment at record levels during President Trump’s last year in office, when federal prosecutions of corporate criminals fell to just 94 – the lowest on record since the government started tracking corporate prosecution statistics in 1996, a Public Citizen report found. 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 →


Big Tech jumps to No. 1 in lobbying, campaign contributions

Facebook and Amazon are now the two biggest corporate lobbying spenders in the country. Big Tech has bypassed Big Oil and Big Tobacco, two historically big federal lobbying spenders, with Amazon and Facebook having spent nearly twice as much as Exxon and Philip Morris on lobbying in 2020. Read more →


Most consumers still don’t know their rights on funeral costs

Only one-quarter of consumers surveyed know that funeral homes are required to provide price quotes over the phone and an itemized price list at the funeral home. Only 5 percent of consumers are aware that funeral homes are required to accept a casket provided by the bereaved without charging a handling fee. Read more →


Predatory lenders will take advantage of new federal rule allowing higher interest rates, consumer group says

The True Lender Rule, which questions the power of state governments to regulate interest rate limits, will unleash predatory lending in 50 states. The rule, approved by the Office of the Comptroller of the Currency, would protect predatory, nonbank lenders from state enforcement. Read more →