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.
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.
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.
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.
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.
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.
Spring is here, and it’s a great time to get your home and your finances in order. Here are some tips from the Consumer Financial Protection Bureau to help you get started on spring cleaning your finances:
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.
Sea to Summit is recalling about 16,200 Alpha and Sigma camping pots in the United States and about 2,050 in Canada. The nylon latch can disengage from the pot and cause the handle to detach, posing burn and scald hazards.
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.