Another huge recall with dozens of injuries points out once again the importance of keeping up on product recalls. About 469,000 self-cleaning juicers are being recalled by Empower Brands in the United States and with an additional 10,900 recalled in Canada. The juicers can rupture during use, striking consumers and causing lacerations, or they can […]
More than three quarters of adults have used a payment app, called a P2P or peer-to-peer or person-to-person app. Widely used nonbank payment apps include PayPal, Venmo, and Cash App. The apps can be used on a computer or mobile device to send money to someone else without writing a check or handing over cash. […]
It’s not surprising what last year’s top consumer complaint was. I’ve seen it many times as No. 1 on annual consumer complaint lists. It’s auto sales and repair. “Consumers rely on cars to get to work, school, doctors’ appointments and more,” said Erin Witte, director of consumer protection for the Consumer Federation of America. Complaints […]
Remember when 125,000 Peloton Tread+ treadmills were recalled after the death of a child and dozens of incidents of children, pets, and objects being pulled under the rear roller? The U.S. Consumer Product Safety Commission and Peloton have finally agreed on a rear guard repair for the recalled Tread+ treadmill. The repair eliminates possible entrapment […]
This huge recall is getting a lot of media attention and it surely is adding to Peloton’s financial problems as people head back to the gym after staying home during the covid-19 pandemic. The company is recalling about 2.2 million exercise bikes, Model No. PL01, because the bike’s seat post assembly can break during use, […]
Paying off student loans is a big job, especially since it usually takes most people years to achieve it. Consumers need to beware of debt relief companies that promise quick loan forgiveness. Scammers claim they’ll help you, for a fee, but their schemes often leave you deeper in debt. The Federal Trade Commission has stopped […]
This recall is so large, it even made one of the national news programs recently. Stanley Black & Decker is recalling about 2.2 million DeWALT, Stanley, and Craftsman fiberglass sledgehammers in the United States and an addition 53,000 in Canada. The sledgehammer head can loosen and detach unexpectedly during use, posing an impact injury hazard […]
It’s helpful for consumers to take a look at complaints that are received by agencies and organization to know what to watch out for in their financial lives. The Consumer Financial Protection Bureau monitors consumer complaints to determine risks in consumer financial markets and to prioritize agency action. In 2022, the CFPB found: During 2022, […]
Luxor Workspaces is recalling about 84,700 Luxor A/V carts in the United States and about 1,650 in Canada. The carts can be unstable when loaded with heavy objects, such as cathode-ray tube televisions. They pose a tip-over hazard to children, which can result in serious injury or death. Between 2006 and 2016, three children died […]
Photo: Hudconja A settlement shows that another huge, well-known corporation has engaged in deceptive practices in how it treats its customers. Prudential Financial denied more than 200 life insurance claims although the company collected life insurance premiums from participants for extended periods, the U.S. Department of Labor said Wednesday. Prudential offered group life insurance policies […]
