Illinois Files Suits Against Debt Settlement Companies That Allegedly Scammed Student Loan Borrowers

Illinois Files Suits Against Debt Settlement Companies That Allegedly Scammed Student Loan Borrowers

We already know that some debt settlement programs provide little relief for debtors, and consumers who contributed to the $1.2 trillion student loan debt tab appear to be the top target for these companies. Today, the Illinois Attorney General announced lawsuits against a pair of debt-settlement companies that targeted, and allegedly misled, student loan borrowers. [More]

Nickel Found In iPad May Have Caused Itchy Body Rash On 11-Year-Old

Nickel Found In iPad May Have Caused Itchy Body Rash On 11-Year-Old

Sitting on the couch dominating the latest “it” game on the tablet seems like a pretty safe activity. But daily use of an iPad reportedly led to a rather unwelcome rash for an 11-year-old California boy. [More]

120 Passengers Stranded On Elevated Disney Monorail After Train Loses Power

120 Passengers Stranded On Elevated Disney Monorail After Train Loses Power

The anticipation of arriving at one of the parks at Disney World was extended for nearly 120 guests when the Epcot monorail line train they were riding stopped running. [More]

CFPB: ACE Cash Express Must Pay $10M For Pushing Borrowers Into Payday Loan Cycle Of Debt

CFPB: ACE Cash Express Must Pay $10M For Pushing Borrowers Into Payday Loan Cycle Of Debt

Another payday lender faces a hefty fine — to the tune of $10 million — for allegedly pushing borrowers into a cycle of debt. [More]

Three Men Allege They Were Kidnapped By Washington D.C. Uber Driver, Taken On 10-Minute High Speed Chase

Three Men Allege They Were Kidnapped By Washington D.C. Uber Driver, Taken On 10-Minute High Speed Chase

It’s not just Washington D.C., taxi drivers who allegedly kidnap passengers. Three out-of-town visitors allege they were kidnapped and taken on a high speed chase after hopping in an UberBlack car in the city earlier this week. [More]

Everest University Campuses Closing; Senator Warns Consumers Not To Enroll

Everest University Campuses Closing; Senator Warns Consumers Not To Enroll

Students at Everest University (also known as Everest College) – one of the schools owned by under-fire for-profit education group Corinthian Colleges Inc. – received some not so comforting news yesterday: their schools are on the chopping block as part of group’s deal with the Department of Education. And that doesn’t come a minute too soon for one legislator who is now warning consumers not to enroll at the campuses. [More]

Honda Expands Airbag Defect Recall To Include Vehicles In California

Honda Expands Airbag Defect Recall To Include Vehicles In California

If you live in California and you drive a Honda vehicle, listen up, because the car maker expanded its recall for potentially faulty airbag deployment issues by nearly 500,000 in your area. [More]

Amazon’s Latest Attempt To Resolve Feud With Publisher Involves Offering Authors 100% Of e-Book Sales

Amazon’s Latest Attempt To Resolve Feud With Publisher Involves Offering Authors 100% Of e-Book Sales

A deal between Amazon and publisher Hachette doesn’t seem likely anytime soon, but that’s not stopping the e-tailer from using its pocketbook to entice a new ally in the fight: Hachette authors. [More]

Projected growth in consumer account balances from time of enrollment until settlement.

Debt Settlement Programs Often Do More Harm Than Good For Consumers

In the past we’ve told readers about the a number of bogus debt-relief operations that scammed already vulnerable consumers. But a new report from the Center for Responsible Lending points out that it’s not just shady companies that hurt consumers. Sometimes legitimate debt settlement programs can leave consumers in more debt than they started out with. [More]

CFPB Clarifies Rule That Could Cause Heirs To Lose Their Homes

CFPB Clarifies Rule That Could Cause Heirs To Lose Their Homes

When the Consumer Financial Protection Bureau implemented rules to protect consumers from getting caught in mortgage “debt traps” earlier this year, the regulators may have missed one section of not-so-typical borrowers: consumers who inherit a family member’s home – mortgage and all. [More]

GM Hasn’t Recalled Millions Of Trucks And SUVs Despite Four-Year Investigation Into Brake Line Failures

GM Hasn’t Recalled Millions Of Trucks And SUVs Despite Four-Year Investigation Into Brake Line Failures

Although General Motors appears to a be on a safety recall-announcing spree, it has resisted recalling 1.8 million trucks and SUVs despite a four-year long investigation by federal regulators into an issue that can cause the brake lines to fail. While brake failures could lead to crashes –which one would assume is a safety issue – the manufacturer maintains the problem is a simply matter of routine maintenace [More]

Is J. Crew’s New Size 000 A Reaction To Vanity Sizing, Or Just Really Tiny Clothing?

Is J. Crew’s New Size 000 A Reaction To Vanity Sizing, Or Just Really Tiny Clothing?

Even the tiniest of the tiny women need clothes, too. J. Crew has answered the call for those who swim in a size 00 by offering the astonishingly small 000. But there might be more to the size than meets the eye. [More]

Legal Battle Between American Express & DOJ Could Change Credit Card Purchases As We Know Them

Legal Battle Between American Express & DOJ Could Change Credit Card Purchases As We Know Them

A four-year battle between American Express and the Justice Department comes to a head today in court, and the outcome could bring significant changes to the credit card industry. [More]

Foster Farms Recalls Chicken After USDA Inspectors Finally Link It To Salmonella Case

Foster Farms Recalls Chicken After USDA Inspectors Finally Link It To Salmonella Case

Nearly a year and a half after people began falling ill from an antibiotic-resistent strain of salmonella, one chicken production company is recalling a small number of their fresh chicken products. However, some consumer advocates say Foster Farm’s recall doesn’t go far enough to protect consumers. [More]

Forget Looking Under The Stall Like A Creeper: New Product Lights Up Restrooms Like A Parking Garage

Forget Looking Under The Stall Like A Creeper: New Product Lights Up Restrooms Like A Parking Garage

When you’ve gotta go, you’ve gotta go, but sometimes public restrooms can make that task more difficult and awkward than it needs to be. [More]

Inflatable Sock Patented By eBay Could Change How Consumers Shop For Shoes Online

Inflatable Sock Patented By eBay Could Change How Consumers Shop For Shoes Online

Have you ever ordered a pair of shoes online only to receive them and they don’t fit? Well, to rid consumers of the hassle that is ordering, returning and reordering, eBay has invented an inflatable sock to fit every shoe shape. [More]

While Owner Shops At Walmart For 13 Hours, Dog Dies In Her Hot Car

While Owner Shops At Walmart For 13 Hours, Dog Dies In Her Hot Car

Yet another reminder why you should never, ever leave your pet (or child) inside the car, even with the window cracked, during the hot summer months occurred this weekend in Florida. [More]

Food Processor Archer Daniels Buys Wild Flavors For $3 Billion

Food Processor Archer Daniels Buys Wild Flavors For $3 Billion

The plethora of oils, syrup, starches and other products from Archer Daniels Midland Company are getting a bit more natural with the company’s acquisition of Wild Flavors GmbH this week. [More]