34 Million Takata Airbags Declared Defective, More Recalls To Come

34 Million Takata Airbags Declared Defective, More Recalls To Come

After months of resisting federal regulators’ push for a national recall of vehicles containing defective Takata-produced airbags that could spew shrapnel when deployed, the Japanese auto parts maker announced today that it has declared an estimated 34 million vehicles defective because of the potentially deadly safety devices. The declaration is the first step in what will likely be the county’s largest recall of a consumer product. [More]

PayPal Must Pay $25M In Refunds, Penalties For Illegally Signing Customers Up For Online Credit Product

PayPal Must Pay $25M In Refunds, Penalties For Illegally Signing Customers Up For Online Credit Product

The Consumer Financial Protection Bureau alleges that online payment platform PayPal signed up customers for PayPal credit accounts without authorization, forced customers to use this credit line instead of their preferred payment methods, and failed to address disputes. As a result, PayPal will pay a total of $25 million in refunds and penalties. [More]

Children’s Cancer Fund of America Inc. is one of four cancer charities charged with allegedly perpetrating a scheme to bilk consumers out of millions of dollars.

4 Cancer Charities Accused Of Swindling Donors Out Of $187 Million

Federal regulators, state officials and prosecutors and law enforcement officers from all 50 states and the District of Columbia partnered today to charge four cancer charities and their operators for running a scheme that swindle consumers out of $187 million in charitable donations. Two of the charities have agreed to settle the charges and dissolve their businesses, while two other plan to fight the charges in court. [More]

(Russ Swift)

NHTSA Investigating Nissan Vehicle Issue That Can Result In Blown Tires, Brake Failure

Suffering a tire blowout while driving down the highway is never a welcome experience, but imagine if you found out that the tire blew, not because of debris on the roadway, but as a result of a manufacturing defect with your vehicle? It’s for that reason more than 130,000 Nissan Versa vehicles are now under investigation by federal regulators. [More]

The groups contend that the YouTube Kids app search function shows inappropriate material for children.

YouTube Kids Accused Of Running Beer Ads, Crotch-Grabbing Lessons, Wine-Tasting Tips

Since Google launched the YouTube Kids app in February, the service has come under fire from consumer advocates for its advertising practices. Now, instead of focusing on the commercials shown through the service, several of those same groups are raising concerns with federal regulators over what they call disturbing and potentially harmful content for young children to view. [More]

(frankieleon)

Google Reportedly Adding Buy Button To Sponsored Mobile Search Results

Searching for and buying a product with your smartphone is about to get a bit easier. Google is reportedly just weeks away from adding a “buy” button to mobile search results, a move that will increase the company’s rivalry with other online marketplaces such as eBay and Amazon. [More]

(bluwmongoose)

NHTSA Probing Fiat Chrysler’s Response To At Least 20 Safety Recalls, Schedules July 2 Public Hearing

Federal regulators are once again expressing their displeasure with Fiat Chrysler’s slow-moving response to fixing millions of Jeeps that can explode following low-speed rear-end collisions. Today, the National Highway Traffic Safety Administration announced it plans to take the car manufacturer to task not only for its leisurely pace on the Jeep recalls, but for nearly 20 other safety recalls. [More]

(rayovolks)

10 Things We Learned About The World’s Largest Diploma Mill

Earning a diploma can take years, but some people simply don’t have the time. For that reason, companies have been cropping up year after year offering consumers the chance to obtain a diploma, degree or certification in exchange for hundreds – and sometimes thousands – of dollars. A new report from the New York Times details how one company allegedly rakes in millions of dollars a month by selling those bogus documents though a series of fake websites and forceful sales calls. [More]

(frankieleon)

Warrant: Researcher Claims He Commandeered Flight Through In-Flight Entertainment System

Nearly a month after a government report identified security weaknesses within the airline industry, including the possibility that newer airplanes with interconnected WiFi systems could be hacked, a recently obtained Federal Bureau of Investigation search warrant shows a security researcher claims he briefly took control of an aircraft after hacking into the plane’s in-flight entertainment system. [More]

(Jennifer Moo)

Parent Companies Of Lane Bryant, Ann Taylor To Merge Their Closets In $2.2B Deal

How many women’s suits and dresses could you buy for $2.2 billion? For Ascena Retail Group, Inc. the answer is all of the suits and dresses sold in all of the Ann Taylor and LOFT stores. [More]

Amazon Echo Now Lets Prime Members Reorder Stuff With Voice Command

Amazon Echo Now Lets Prime Members Reorder Stuff With Voice Command

Forget about the Amazon Dash. The company’s web-connected speaker – you know, the one that talks? – now has the ability to do your shopping for you; as long as the item is a reorder from a pervious purchase and happens to be Prime eligible. [More]

Aaron Poffenberger

Dept. Of Education Proposes Rules To Govern College Prepaid Credit & Debit Cards

College students’ federal aid has increasingly been put at risk by the cozy relationship between institutions of higher education and credit card issuers over the years. While consumer advocates and legislators have debated whether or not products like student IDs that double as credit or debit cards provide an actual benefit to students or if they’re just a way for schools and banks to rake in the big bucks, the Department of Education finally took steps today to ensure students are afforded proper protections from excess fees and other harmful practices with the proposal of regulations targeting the college debit and prepaid card marketplace. [More]

Legislator Demands Department Of Education Investigate For-Profit Chain ITT Technical Institute

Legislator Demands Department Of Education Investigate For-Profit Chain ITT Technical Institute

Following the Securities and Exchange Commission’s decision earlier this week to file fraud charges against current and former executives with ITT Education Services – the operator of for-profit college chain ITT Technical Institute – for their part in concealing problems with company-run student loan programs, one legislator is calling on the Department of Education to further investigate the company. [More]

Jeni’s Splendid Ice Cream To Reopen Scoop Shops After Listeria Contamination

Jeni’s Splendid Ice Cream To Reopen Scoop Shops After Listeria Contamination

A week after Jeni’s Splendid Ice Cream announced it had pinpointed the source of the listeria contamination that led to the Ohio-based company recalling all of its products and closing its boutique stores, the treats maker has restored production –– just in time for summer. [More]

Ad Board Recommends McDonald’s Focus On Actual Meal, Not Just The Cool Toy

Ad Board Recommends McDonald’s Focus On Actual Meal, Not Just The Cool Toy

By now we all know that McDonald’s is trying to appeal to a younger audience, but a commercial the company aired last fall geared toward its youngest customers apparently didn’t sit well with an ad review board. And now that group is warning the fast food giant to stick to its food and not to use toys to appeal to youngsters.
[More]

Some posters are selling half-eaten containers of Blue Bell products.

Blue Bell Lovers Turn To Craigslist For Exceedingly Expensive Pre-Owned Treats

With local grocery stores’ freezer shelves still void of any Blue Bell Creameries products and no timeline for when they might return, those with a serious love of the ice cream brand are turning to a black market of sorts to get their fix. [More]

(Adam Fagen)

United Offers “Bug Bounty” Of Up To 1 Million Miles For Hackers Who Find Vulnerabilities In Website, Mobile App

While big companies are known to quietly seek out the services of white-hat hackers to test for weaknesses in their networks and websites, it’s not every day that a major airline publicly offers a “bounty” to people who can diagnose vulnerabilities in its systems. [More]

The FTC launched a new tool today that aims to make it easier for consumers to recover from identity theft.

FTC Rolls Out Interactive Resource For Victims Of Identity Theft

With seemingly daily reports of new data breaches and related scams, it’s no secret that identity theft is now more of a concern than ever. In an effort to help victims work their way through the process of restoring and protecting their identities, the Federal Trade Commission has launched a new online interactive tool. [More]