More than six months after a bill that would improve coordination and oversight of the for-profit college industry was introduced in the Senate and House, a number of state attorneys general have signed on in support. [More]
Is it a conflict of interest when stores that sell products to improve your health also make billions every year selling cigarettes? More than two dozen Attorneys General think so, and are lighting a fire under the nation’s largest drugstore and supermarket chains to get them to quit. [More]
Brett wants the EVT America electric scooter he was promised. A scooter that was supposed to have a top speed of 40-45 mph, and required a motorcycle license. Unfortunately, while at top speed the speedometer reads 45 mph, he claims that reality differs.
We’ve been talking about the next wave of the mortgage crisis for quite some time now, and it seems that, as predicted, it’s cresting and about to hit. We are, of course, speaking of Option-ARM loans — considered the riskiest of all mortgages due to their ability to grow rather than shrink. Yes, there actually exists a mortgage that allows the borrower to pay less than the interest that is accruing on the loan.
Score one for the consumer over unfair arbitration. Just last week, Minnesota’s Attorney General sued the National Arbitration Forum (NAF) for fraud, false advertising, and deceptive trade practices—and now the company has agreed to pull out of the credit card business entirely. According to the settlement reached on July 17th, “The only business NAF can now be involved with is in arbitrating Internet domain disputes, a business it has long been in.”
Ticketmaster will pay a $50,000 fine and shutter more than 100 deceptive brokerage sites as part of a wide-reaching agreement with Illinois Attorney General Lisa Madigan. Madigan’s office accused Ticketmaster’s always shady subsidy, TicketsNow, of creating sites that masqueraded as local venues selling tickets at face value. The settlement also requires TicketsNow to wait until after Ticketmaster puts non-sporting events on sale before hawking tickets at outrageously inflated prices.
Craigslist has announced that they are suing South Carolina Attorney General Henry McMaster “seeking declaratory relief and a restraining order with respect to criminal charges he has repeatedly threatened against craigslist and its executives.” It’s on, people.
Connecticut AG Richard Blumenthal has announced that Craigslist will be dropping its controversial “erotic services” section, and will replace it with a moderated “adult” category.
Various U.S. officials, including Treasury Secretary Tim Geithner, announced a multi-agency crackdown on foreclosure relief fraud today, vowing to “redouble efforts to crack down on schemes that target distressed homeowners and also to share more information and resources across agencies and with state officials,” says the WSJ.
Come on people, Dell agreed to dole out $1.5 million to customers who had problems with warranty repairs, credit financing, and rebates, but with only a week before the filing deadline, Washington’s Attorney General says that only 42 people in his state have submitted claim forms. We know there are eligible Dell victims out there. Our tipline alone has nearly 1,000 Dell-related complaints. Please, fill out your claim form now and get the money your state attorney generals earned for you!
Contractor scams are some of the most heartbreaking because of the potential for the scammer to obtain large amounts of money from the victim. About two weeks ago, the NY Attorney General’s office announced the arrest of a Western New York home improvement contractor for “repeatedly pressuring an 88-year-old widow into paying more than $80,000 for home improvements that were never done”, or were so poorly done as to be worthless.