Feds Subpoena GM Over Subprime Auto Loans

Feds Subpoena GM Over Subprime Auto Loans

After recalling more than 30 million cars and facing a number of investigations, it’s probably safe to bet that General Motors Company would like to put 2014 in the rearview mirror. Before that’s possible the company will have to get through five more months and a new federal investigation into its financing unit regarding subprime auto loans. [More]

Regulators Investigating Hyundai Because Seatbelts And Airbags Are Supposed To Work

Regulators Investigating Hyundai Because Seatbelts And Airbags Are Supposed To Work

Since there’s no point in having seatbelts or airbags in a car if they don’t function when needed, the National Highway Traffic Administration is looking into an issue that could knock out these safety features in some Hyundai vehicles. [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]

Regulators Open Investigation Into Dodge Ram Because Locking Wheels Are A Cause For Concern

Regulators Open Investigation Into Dodge Ram Because Locking Wheels Are A Cause For Concern

For the second time in as many months the Dodge Ram is at the center of a probe by U.S. regulators. This time an issue with the truck’s fastener can cause the rear axle to lock or detach, and in some cases cause the vehicle to enter an uncontrolled spin. [More]

NHTSA Probing Possible Brake Failure Issue On 200K Nissan Vehicles

NHTSA Probing Possible Brake Failure Issue On 200K Nissan Vehicles

When depressing the brake pedal, you expect your car to slow down, stop and then stay stopped until you lift your foot. But that apparently isn’t happening in some Nissan vehicles and the National Highway Traffic Safety Administration initiated an investigation into the issue. [More]

27 Companies Plead Guilty In Massive International Auto Parts Price-Fixing Conspiracy

27 Companies Plead Guilty In Massive International Auto Parts Price-Fixing Conspiracy

The largest criminal antitrust investigation in the history of the Justice Department just got larger. It has nothing to do with telecommunications or giant mergers or any exotic items, though; it’s all about auto parts. A worldwide price-fixing and bid-rigging conspiracy related to those auto parts has resulted in 27 guilty pleas and over $2.3 billion in fines — and the investigation is still underway. [More]

Herbalife To Re-Train Distributors Not To Say Products Cure Brain Tumors

Herbalife To Re-Train Distributors Not To Say Products Cure Brain Tumors

When you go to a meeting to learn more about potentially joining a multi-level marketing organization, you expect to hear testimonials about how the product has changed lives. You should not expect to hear about how the company’s products have cured brain tumors and performed other impossible feats. At least, that’s what Herbalife says after undercover reporters from ABC News filmed Herbalife distributors doing just that. [More]

In Spite Of Evidence To Contrary, AG Holder  Claims “Too Big To Jail” Is A Myth

In Spite Of Evidence To Contrary, AG Holder Claims “Too Big To Jail” Is A Myth

Is Attorney General Eric Holder all talk and no action? For the second time this year Holder has made it clear that the Justice Department does not believe that any corporation or executive is too big to jail. But an abundance of fines and a lack of actual prosecutions is enough to make one wonder if the declarations are just for show. [More]

Learn How To Build An Evil Internet Empire With This 1 Weird Trick!

Learn How To Build An Evil Internet Empire With This 1 Weird Trick!

If you’re like most people, you work hard to avoid clicking on the creepy “one weird trick” ads that advertise simple but amazing solutions to weight loss, car insurance, diabetes, small penises, and other modern woes. They wouldn’t be everywhere if they weren’t effective, but who is clicking? What happens when they do click? [More]

(afagen)

Worst Charities In America Give Charities A Bad Name

We might be experts on who the Worst Company in America is, but what about the worst charities in America? The Tampa Bay Times and the The Center for Investigative Reporting crunched on a bunch of data and figured out which American charities actually give the smallest proportion of their income out in cash aid. [More]

(Charles Williams)

Drugs Approved Due To Fraudulent Research Still On Market, FDA Shrugs

The lower prices that come from competition when drug patents expire and generic versions hit the market is great for consumers, but do you know what’s terrible for consumers? Drugs that don’t work. Yet there may be drugs on your shelf at home right now that haven’t been proven safe, effective, and––in the case of generics–– equivalent to the original brand-name drug. The alleged poor practices by six chemists at one research company in Texas affected more than one hundred drugs on the market in the United States and Europe. [More]

(Michelle Rick)

Stanton Optical Makes Blurry Glasses For Undercover TV Producer, Blames Doctor

Ace consumer reporter Kurtis Ming in Sacramento, California has received a lot of complaints from readers about glasses from Stanton Optical, a growing national chain. Customers reported blurry lenses that caused poor vision and pain. One customer said that looking through them was like “looking through a glass of water.” Another claims that they’ve had Stanton remake their glasses fourteen times, and they’re still blurry. So what did the consumer advocates of CBS Sacramento do? They got eye exams and took their eyeballs undercover. [More]

Department Of Justice Joins E-book Pricing Probe

Department Of Justice Joins E-book Pricing Probe

The U.S Department of Justice has joined its counterparts in the European Union in looking into the pricing of e-books. A Justice Department spokesperson confirmed that the agency’s probe was concerned with the possible “anticompetitive practices involving e-book sales.” [More]

NYC Pet Stores Linked To Midwest Puppy Mills

NYC Pet Stores Linked To Midwest Puppy Mills

An undercover video investigation shows that many New York area pet stores are getting their pets stocked by so-called “puppy mills” with a history of USDA violations. [More]

Shadow Economies: Harvest Organs From The Poor For The Rich

Shadow Economies: Harvest Organs From The Poor For The Rich

Living in abject poverty, $10,000 is a beguiling promise. All you have to do is give up one kidney. It’s ok, you have another one. But a Bloomberg Markets Magazine investigation shows how gangs around the world prey on the poor and use threats and violence to get them to give up their organs, which they can then resell for upwards of $150,000. This isn’t just happening in some ice-filled bath in China: this week, a Brooklyn man plead guilty to selling black market kidneys to people in New Jersey. [More]

McRib Pork Supplier Hit With SEC Filed Complaint Over Alleged Pig Abuse

McRib Pork Supplier Hit With SEC Filed Complaint Over Alleged Pig Abuse

Can you taste the tears in your McRib? The supplier of pork products to McDonald’s, Smithfield Farms, just got hit by a complaint filed with the SEC by animal rights group Humane Society of the United States (HSUS). Citing their own shocking undercover investigative video, HSUS allege that Smithfield is making false and misleading claims to shareholders and consumers about how well they treat their pigs and that those claims are in violation of federal securities law. [More]

Private Equity Bets Big Bucks On "Buy Here Pay Here" Dealerships

Private Equity Bets Big Bucks On "Buy Here Pay Here" Dealerships

In the second of a three-part series on “Buy Here Pay Here” dealerships, used car lots that target subprime borrowers with easy credit and triple the national average interest rates, the Los Angeles Times looks at how private equity firms have flocked towards the growing industry, lured by 38% margins. [More]

Maggots Found On Nursing Home Residents

Maggots Found On Nursing Home Residents

The Department of Licensing and Regulatory Affairs in Michigan has cited two nursing homes for violations after a survey found two elderly women in their care had maggots in their throat and pubic areas. Now a watchdog group is investigating. [More]