Does it matter that there are too many residential real estate agents? Yes, says a consumer group. More than 1.5 million residential agents, including brokers, compete for home sales usually totaling 5 to 6 million annually. The plethora of real estate agents comes with costs, according to a study by the Consumer Federation of America, […]
Photo: White House The Inflation Reduction Act, signed into law a year ago, has many benefits for American consumers. It began making big corporations pay their fair share in taxes while investing more in items that help the middle class such as creating good-paying jobs, combating corporate price gouging, slashing the deficit, lowering prescription drug […]
The Food and Drug Administration has decided that food manufacturers can keep using phthalates, a class of toxic chemicals, in food packaging and food production equipment. It disregarded requests from health and environmental advocates to reconsider that decision based on evidence that phthalates in food are harmful to health. Safer substitutes for these chemicals are […]
Recently, I wrote about how private equity firms are buying health providers practices, including my gastroenterologist’s, and how they bleed money from the companies, then sell them for a big profit. In 2021, some of the top industries for private equity investment include healthcare, technology, and consumer products. Now, a new report describes how private […]
It’s not surprising that men are succumbing to the same advertising on looking good that has enticed women to buy for decades. The average adult man in the United States uses 11 different personal care products every day, nearly twice as many as 20 years ago, according to a survey by Morning Consult. The survey […]
Consumers with poor credit pay hundreds or even thousands of dollars more every year for basic auto insurance coverage required by state laws, new report shows. “On average, a consumer with poor credit has to pay twice as much for auto insurance as a driver with excellent credit, even if everything else, including their driving safety […]
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 […]
Many people get caught up in credit card debt. In 2022, Americans increased their credit card debt by a record $179.4 billion. The total owed by credit-card holders now is more than $1.1 trillion. However, people in some states charge less on their credit cards than others. WalletHub, a personal finance website, takes a look […]
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 […]
The approval of a new drug to treat Alzheimer’s disease is controversial. The U.S. Food and Drug Administration gave full approval to the drug lecanemab (Leqembi) Thursday to treat adults with Alzheimer’s disease. In January, Public Citizen, a consumer advocacy organization, urged the agency not to approve the drug. In a letter to the FDA, […]
