Dept. Of Justice Investigating Alleged Collusion By Airlines To Keep Ticket Prices High

Dept. Of Justice Investigating Alleged Collusion By Airlines To Keep Ticket Prices High

Just weeks after a legislator voiced concern that a shrinking airline industry has perpetuated potential anti-competitive behavior aimed at keeping the price of airfare high, the Department of Justice revealed it is looking into the possibility of collusion between airlines.
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Takata CEO Says Company Will Consider A Victim Compensation Fund

Takata CEO Says Company Will Consider A Victim Compensation Fund

Just days after Honda confirmed the eighth death linked to the ongoing recall of defective Takata airbags in millions of vehicles from nearly a dozen manufactures, the Japanese parts maker says it is considering the possibility of creating a victim compensation fund. [More]

Senators Introduce Legislation To Close Federal Funding Loophole Exploited By For-Profit Colleges… Again

Senators Introduce Legislation To Close Federal Funding Loophole Exploited By For-Profit Colleges… Again

Legislators continued their crusade to rein in the abuses of predatory for-profit college institutions by introducing a measure today that would close a funding loophole that often led the schools to target certain consumers in order to pad their bottom line. [More]

(David Transier)

Senator Calls For Investigation Into Alleged Anti-Competitive Airline Behavior

American Airlines and US Airways, Southwest Airlines and AirTran, Continental and United. These are just a few of the major mergers to hit the airline industry in the last several decades. While airlines contend that such combinations have created more streamlined processes for customers, some legislators are concerned that a shrinking airline industry has perpetrated potential anti-competitive behavior, leading to a request for a federal investigation.   [More]

Reports Show NHTSA Failed At First To Properly Investigate GM’s Ignition Switch Defect

Reports Show NHTSA Failed At First To Properly Investigate GM’s Ignition Switch Defect

Recently released internal reports from the National Highway Traffic Safety Administration show that for nearly a decade the agency did little to adequately address concerns regarding the deadly General Motors ignition switch defect. [More]

(Tim schreier)

Senators Urge Dept. Of Education To Provide Support To Students Affected By Corinthian Colleges Closure

Ever since now-bankrupt Corinthian Colleges Inc. began its downward spiral, consumer advocates, students and legislators have urged the powers that be to provide relief for students of Everest University, Heald College and WyoTech. Today, that plea continued as nine senators called on the Department of Education to provide support to the 16,000 students affected by the company’s final closure. [More]

(sparkle-motion)

Senators Call For Attorney General Investigation Into Executives Of Corinthian Colleges

Bankrupt for-profit college chain Corinthian Colleges Inc. is already party to a number of state and federal investigations related to the alleged deceptive recruiting practices at its Heald College, WyoTech and Everest University campuses. Now, a group of senators are hoping to add another investigation to the roster. [More]

(Themarcogoon49)

Upcoming Online Airfare Comparison Changes Raise Privacy, Discrimination Concerns

A group of senators raised concerns Tuesday that a new airfare comparison shopping system currently being developed could lead to unfair discrimination practices based on information the airlines receive from customers. [More]

(Hammerin Man)

Senators Want To Close Federal Funding Loophole Exploited By For-Profit Colleges

Each year for-profit colleges receive billions of dollars in Post 9/11 GI Bill benefits by exploiting a loophole in the rules that govern how these institutions collect federal funds. Once again, a group of senators has set out to change the way in which these schools count student aid, this time by urging the Department of Education to take an aggressive stand. [More]

Senators Urge Regulators To Block Comcast Acquisition of Time Warner Cable

Senators Urge Regulators To Block Comcast Acquisition of Time Warner Cable

As we head into the final stretch of regulatory review for the pending $45 billion of Comcast and Time Warner Cable — and with the Dept. of Justice possibly prepping to block the deal — a group of U.S. Senators has written to U.S. Attorney General Eric Holder and FCC Chair Tom Wheeler urging them to prevent these two companies from getting hitched. [More]

(ken fager)

NFL Suspending TV Blackout Rule For 2015 Season

The country’s most-watched pro sport might be even more watched following an announcement today that the NFL will suspend its television blackout policy for the 2015 season. [More]

(Tim Schreier)

Senators Introduce Legislation To Make Private Student Loans Dischargeable In Bankruptcy

Since 2005, student borrowers have been unable to discharge their private student loans through the process of bankruptcy. But that could soon change after a group of 12 senators introduced a bill aimed at addressing the current student debt crisis by restoring the bankruptcy code to hold private student loans in the same regard as other private unsecured debts. [More]

Lawmakers Want To Know Who’s Tracking You Online, And Where The Info Goes

Lawmakers Want To Know Who’s Tracking You Online, And Where The Info Goes

Everything you do online — on your phone, on your computer, with anything — leaves a digital wake. Put those trails together and you’ve got one massive big data industry that can (and does) track it all and sell it to the highest bidder. After decades of digital detritus building up, regulators and Congress both are contemplating some steps that would help protect consumers’ info. [More]

(Gail Dixon)

RECALL Act Would Require Consumers Fix Vehicle Safety Issues Before Registration Renewal

During 2014’s recallapoalooza federal regulators revealed that the average completion rate for a vehicle recall was just 75%. While some consumers might not be aware their car has a safety issue, others simply put off the needed repairs. A new bill introduced in the Senate Monday aims to make sure potentially dangerous vehicles aren’t on the road, by requiring fixes be completed before registration renewals are granted.  [More]

(Sapurah Lashari)

Senators Chastise Govt. For Making Money Off Struggling Student Loan Borrowers, Not Offering Enough Relief

For several years now the government has offered federal student loan forgiveness programs aimed at helping borrowers to avoid defaulting on their debts. While recent reports have shown that the popularity of the programs has exceeded expectations, a group of six senators say the Department of Education could do more given the billions of dollars in payments it receives from federal loans each year. [More]

(paul bica)

Senators Urge GM To Extend Deadline For Filing Ignition Switch Claims

With just three days left before General Motors’ self-imposed victim compensation claim deadline, two senators are encouraging the car manufacturer to extend the cut off beyond January 31. [More]

T-Mobile, AT&T Customers Can Now Request Their $170M In Refunds From Cramming Settlements

T-Mobile, AT&T Customers Can Now Request Their $170M In Refunds From Cramming Settlements

Earlier this year, AT&T and T-Mobile both reached major settlements with federal regulators over the illegal practice of cramming: third-party charges snuck onto wireless customers’ bills without their authorization. Combined, the two settlements will put about $170 million back in consumers’ pockets. But in order to get money back, consumers first have to ask for it. [More]

Hiroshi Shimizu, enior Vice President, Global Quality Assurance Takata Corporation, answered questions during a Senate committee hearing regarding defective airbags.

Takata “Deeply Sorry” To Those Affected By Defective Airbags, Still Reluctant On Nationwide Recall

In September 2013, Stephanie Erdman’s life changed forever when her 2002 Honda Civic collided with another vehicle on the way to a local grocery store in Florida. While Erdman’s passenger suffered only scrapes and bruises, she’s undergone a number of surgeries – with more to come – after being struck by shrapnel from her vehicle’s ruptured Takata airbag. Erdman’s story, and the graphic photos of her accident and injuries, took center stage Thursday morning during a Senate Commerce, Science & Transportation hearing addressing the airbag defects that have now been linked to at least five deaths. [More]