Snapchat Also Transmitted Users’ Location and Collected Their Address Books Without Notice Or Consent Snapchat, the developer of a popular mobile messaging app, has agreed to settle Federal Trade Commission charges that it deceived consumers…
The Consumer Financial Protection Bureau (CFPB) today took action to better protect children in the foster care system from credit reporting problems that could compromise their future credit. The Bureau published action letters for child…
The Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman has released a report highlighting complaints of “auto-defaults” in private student lending. Borrowers report that some lenders demand immediate full repayment upon the death or bankruptcy…
The Federal Trade Commission charged the operators of the website “Jerk.com” with harvesting personal information from Facebook to create profiles labeling people a “Jerk” or “not a Jerk,” then falsely claiming that consumers could revise…
New Department of Education data shows rising default rates on federal loans to parents. College Debt Total outstanding college debt is estimated at $1 trillion dollars – and with costs still soaring, the burden on…
For years it has been considered as fact that high unemployment is largely caused by employers unable to find qualified workers to fill millions of open jobs. However, New York Times economics columnist Paul Krugman…
Research Shows the Majority of Payday Loans Are Made to Borrowers Caught in a Revolving Door of Debt The Consumer Financial Protection Bureau (CFPB) has issued a report on payday lending finding that four out…
Garcinia cambogia is being used by about one million consumers in an attempt to lose weight. But Consumer Reports says they are wasting their money. “Garcinia cambogia, also known as tamarind, is a fruit that grows…
Mobile Apps Placed Credit Card Details, Credit Report Data, Social Security Numbers at Risk Two companies have agreed to settle Federal Trade Commission charges that they misrepresented the security of their mobile apps and failed…
Nissan is recalling about one million SUVs and minivans because the front passenger air bags may not inflate in a crash. Affected by the recall are 2013 and 2014 Altimas, Leafs, Pathfinders and Sentras. Also…
Research has been seen as less objectionable than other forms of interactions with drug companies, but 10 percent of researchers have multiple ties among the nine companies ProPublica analyzed. That raises questions about doctors’ impartiality….
If you have yet to file your 2010 tax return you might be missing out of some money. It is estimated that the IRS has about $760 million in unclaimed tax refunds that taxpayers will lose…
A federal court has found that marketers of bogus remedies for treating and preventing diabetes violated Section 5 of the FTC Act, and has ordered them to pay nearly $2.2 million. The FTC will use…
Toyota has agreed to pay a $1.2-billion fine after being accused of failing to take action after it learned that hundreds of thousands of its vehicles could suddenly accelerate. U.S. Attorney General Eric Holder said…
Toyota said today it is recalling about about 700,000 Prius hybrids from 2010 to 2014 because current software settings could cause higher thermal stress in certain transistors, leading to damage, according to Consumer Reports. “If…
Defendants behind AMG Services Had Argued That Tribal Affiliation Exempts Them from Federal Law U.S. District Judge Gloria M. Navarro handed the Federal Trade Commission a significant victory in its crackdown on deceptive payday lenders,…
General Motors announced new recalls of 1.5 million vehicles on Monday and its chief executive admitted that the company made a mistake in delaying recalls for faulty ignition switches linked to 12 deaths. “Something went…
Honda is recalling about 900,000 of its Odyssey minivans because they could catch on fire. The U.S. National Highway Traffic Safety Administration says that 2005-2010 Odysseys built in Alabama have a fuel-pump part that could…
GM – already facing criticism for delaying recalls due to defective ignition switches – is now facing accusations that 303 people died after the airbags in their cars failed to deploy following accidents. “The review…
Federal prosecutors have launched a criminal investigation into whether GM violated criminal laws by waiting 10 years to recall hundreds of thousands of vehicles for serious safety issues. The New York Times says the investigation…