Just two months after federal regulators fined Fiat Chrysler a record $105 million as a result of a lengthy investigation into the carmaker’s leisurely pace in fixing more than 11 million vehicles connected to 23 safety recalls, the National Highway Traffic Safety Administration is poised to take another manufacturer to task: BMW. [More]
While federal regulators reduced the number of vehicles equipped with potentially deadly Takata airbags, more could be added to the list that already includes 19.2 million after the National Highway Traffic Safety Administration sent letters last week to seven additional automakers warning that their cars include the shrapnel-shooting safety devices. [More]
Regulators Take Action Against Fifth Third Bank For Auto-Lending Discrimination, Illegal Credit Card Practices
Federal regulators dished out a double dose of enforcement today by taking action against Fifth Third Bank for allegedly charging higher interest rates to minority borrowers for car loans and deceptively marketing credit card add-on products to bank customers. [More]
An internal review spurred by the emissions scandal that has engulfed Volkswagen over the past week found that the carmaker knew that so-called “defeat devices,” used to trick emissions tests, were used in more than 11 million VW and 2.1 million Audi diesel vehicles for several years before the Environmental Protection Agency issued a violation notice to the manufacturer ordering it to recall some 500,000 sedans. [More]
Federal regulators on Monday continued their crackdown on deceptive, ineffective weight-loss products, this time by filing a lawsuit against a company that threatened to enforce a so-called “gag clause” by imposing fines and filing lawsuits to stop customers from posting negative reviews and testimonials for the products online. [More]
Earlier this month, a man masquerading as a Walmart employee walked in the door, grabbed four big screen TVs and simply walked back out the way he came. While that was no doubt a brazen shoplifting incident, two women may have topped him over the weekend: police say the women swiped one TV from a local store, changed their clothing and then stole another TV — from the same store.
Your next shopping trip to Whole Foods may come with a bit less interaction with employees, as the health food chain said Monday that it would be eliminating approximately 1,500 jobs in order to offer lower prices for its goods. [More]
For more than a week, Volkswagen has been the center of an emissions scandal in which it admitted that nearly 11 million diesel engine vehicles worldwide come equipped with software that tricked emissions tests. While an order of violation from the Environmental Protection Agency included several Audi sedans, VW had yet to announce just how many of those vehicles were affected worldwide. Now we know: 2.1 million. [More]
When Consumerist reader Jan bought her 2014 Volkswagen Jetta Sportwagen with a “clean diesel” engine, the thought she was going to get great gas mileage and maybe help the environment. Sure, there was an emissions-related recall earlier this year, but she had that fixed at the dealership. Except, as she’s learning in the wake of the latest VW recall, her car is still in need of fixing.
In an attempt to turn around sluggish sales and capture the always desirable millennial market, McDonald’s has introduced new and revised old menu items: offering kale, beefing up the Quarter Pounder, and adding all-day breakfast just to name a few. The company’s latest ploy: an organic hamburger. But there’s a catch — it’s only available in Germany. [More]
The purchase of nearly 150 grocery store locations in the Northwest meant to provide consumers with more options in the face of a mega-merger between chains Albertsons and Safeway has come to a rather disastrous end: Haggen Inc. plans to close most of those locations after its quick expansion turned sour and the company filed for bankruptcy. [More]
A week after ordering Volkswagen to recall 500,000 vehicles that contain “defeat devices” designed to cheat emissions tests, the Environmental Protection Agency announced it would overhaul its compliance processes to ensure vehicles meet standards not only in controlled environments but in real-world driving conditions. [More]
A properly running engine is a vital part of driving a car, for that reason, Hyundai has initiated a recall of nearly 470,000 sedans that could contain debris in their motors. [More]
The $6.3 billion merger between the top two office supply chains has hit yet another bump: the European Union opened an “extensive” investigation into the would-be union of Staples and rival Office Depot. [More]
“Redlining” is the act of denying services, either directly or through selectively raising prices, to residents of a certain area based on race or ethnicity. Federal law prohibits creditors from this type of discrimination, but New Jersey-based Hudson City Savings Bank is now on the hook for a total of nearly $33 million for allegedly providing unequal access to credit in parts of four states. [More]