To help consumers, the Biden administration is cracking down on junk fees, price-fixing and price gouging on food, and mergers. President Joe Biden announced the actions Wednesday the day before the fifth meeting of White House Competition Council, which he appointed in 2021. The council is made up of 10 cabinet members and the heads […]
More than 804,000 borrowers will have $39 billion in federal student loans discharged in the coming weeks, the U.S. Department of Education announced Friday. The discharges are fixes to ensure borrowers have an accurate count of monthly payments that qualify toward forgiveness under income-driven repayment plans. These fixes are part of the department’s actions to address […]
Another big bank is being exposed for corporate fraud. Bank of America will pay more than $100 million to customers for double-dipping on fees imposed on customers with insufficient account funds, withholding reward bonuses promised to credit card customers, and misusing personal information to open accounts without customers’ knowledge, the Consumer Financial Protection Bureau announced […]
Another large financial institution has been caught gouging customers. Raymond James Financial Services agreed to settle allegations Tuesday with six state securities regulators for charging unreasonable commissions on trades that harmed investors. The broker-dealer will pay at least $8.2 million in refunds to clients, and $4.2 million in penalties and costs. A task force of […]
Photo: Dwight Burdette Farmers Insurance began limiting the sale of new homeowners insurance policies in California on July 3, the company, a subsidiary of the Zurich Insurance Group, announced Friday. Farmers is the No. 2 homeowners insurer in California. Farmers’ action follows American International Group’s curbing homeowners insurance sales for owners at high risk of […]
Winning the Publishers Clearing House sweepstakes seems like a dream that you wish could happen to you when you see the TV ad. However, Publishers Clearing House has been deceiving people for decades. It used language and designs on its website and in its email marketing that tricked consumers, including many older adults, into believing […]
The Fourth of July is all about red, white, and blue to celebrate the country’s birthday, the 248th this year. What are some ways Americans celebrate the holiday? Many families host or join a family or neighborhood event. Some examples include: picnicking or barbecuing with family and/or friends or enjoying outdoor activities such as hiking, […]
It’s hard to believe that the July Fourth sales are coming up. It seems like the Memorial Day sales were just yesterday. July Fourth is a huge shopping holiday in the United States and marks the middle of summer. Look for the sales to begin far in advance of July Fourth. DealNews.com offers these tips […]
Have you been able to purchase any decent celery lately? Although celery isn’t one of my favorite vegetables, and it’s not one of the more nutrient-packed ones, I do like to eat it once in a while. In addition, I’ve just started drinking smoothies and celery is a good thing to add occasionally along with […]
Most people rely heavily on online shopping. However, with lots of screens before you get to check-out, you could sign up for a service without knowing it. Then, it can be difficult to cancel. For years, Amazon.com enrolled consumers into its Prime program without their consent while making it hard for them to cancel, the […]
