With climate change creating more storms and natural disasters, insurance companies are facing unprecedented claims. They’re reacting with raising prices and refusing to offer coverage in some areas of high storm activities. Policyholders are entitled to receive their claims payments under the terms of their insurance policies, and insurers shouldn’t delay or mistreat consumers. Many […]
Google has reached a tentative settlement with the attorneys general from 50 states, the District of Columbia, and Puerto Rico on one of three major antitrust lawsuits against the company for its anticompetitive conduct in the Google Play Store. In July 2021, 37 attorneys general filed a lawsuit against Google alleging that the company used […]
Time is running out if you want to get in on a big Facebook settlement. If you were a Facebook user in the United States between May 24, 2007, and December 22, 2022, you may be eligible for a cash payment from a class action settlement of $725 million. Today, Aug. 25, is the deadline […]
If someone tells you that you need to pay to sign up for government student loan debt relief program, run away as fast as you can. Scammers want to hook you and fill their pockets with your money, while their “advice” may make your student loan problems worse. The Federal Trade Commission offers the following […]
USASF Servicing is being charged with illegal practices that harmed consumers with auto loans including disabling borrowers’ vehicles, improperly repossessing vehicles, double-billing borrowers for insurance premiums, and failing to return millions of dollars in refunds, according to a lawsuit filed Wednesday . With its lawsuit, the Consumer Financial Protection Bureau is seeking to return money […]
American companies are using unfair, deceptive, and abusive practices as they sells many consumer financial products, the Consumer Financial Protection Bureau said in a new report on what it found as it reviews business practices at financial institutions. For example, auto lenders have originated loan balances above the real value of the car being purchased […]
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 […]
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 […]
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 […]
