Report after report finds that payday lenders, auto title loan firms and pension advance operations unfairly target vulnerable consumers with high fees and questionable terms, but a new investigative piece from The Washington Post shows that are some lesser-known, but very lucrative players offering quick cash to vulnerable consumers: structured settlement purchasing companies. [More]
In this month’s recall roundup, a stroller wasn’t designed to be chewed on, a fish tank heater might cook your fish instead of keeping them comfortable, and a lawn mower may fling grass clippings at the person operating the vehicle. It’s a dangerous world out there, apparently. [More]
Every time there’s a warning or recall over lead-tainted toys–and it hasn’t happened much this past year, but check out our archives from a couple of years ago–lots of people get up in arms about not being able to trust the government or big business. Well, one woman has bought herself an X-ray flourescence (XRF) analyzer and now hires her services out to worried families, reports the Washington Post. For a fee, she’ll come to your house, point her gun at your kids’ toys, your heirlooms, the fishtank, whatever you ask her to test, and then tell you whether you should throw it out. [More]
Looks like the CPSC can afford donuts tomorrow for their office: Target has agreed to pay $600,000 for selling toys with too much lead on them from May 2006 to August 2007, reports Reuters. The fine “resolves allegations” over the issue, so now Target can focus on what it does best, which is act crazy.
The big news in recalls this week was continuing recalls of Simplicity drop-side cribs. Since the company is no longer in business, in order to get the crib away from your children, return it to the retailer where it was purchased. Also, check your home for other problematic recalled Simplicity products.
The OKK Trading company has agreed to pay a $655,000 fine for violating the federal ban on lead in children’s toys. Over the past two years, the California-based company has issued six recalls spanning almost 18,000 toys and baby products.
Reading the title of this post, you may think, “well, evidently this is some kind of special industrial flashlight. Or maybe an experimental nuclear flashlight. No one would be stupid enough to put a warning like that on a regular consumer flashlight.” You should know better.
Like many parents, Mr. Jones said he was suspicious of all of his daughter’s toys now that millions of items for children have been recalled for high levels of lead.
Today is a big day for Senator Dick Durbin (D-IL). Starting at 11am, the Chairman of the powerful Appropriations Subcommittee on Financial Services and General Government will kick off a series of hearings examining the toy industry’s seemingly magnetic attraction to lead paint. Durbin, whose Subcommittee has jurisdiction over the Consumer Product Safety Commission’s budget, will grill toy industry representatives, consumer advocates, and members of the government over plans to protect America’s children from the dangers silently lurking on toy shelves by establishing an independent testing regime.
Target is recalling a whopping 190,000 play-set type toys. “Some of these toys contain lead paint, which is toxic if ingested by young children and can cause adverse health effects. Also, some of the toys have sharp points, posing laceration or puncture wound hazards. The recall involves “Kool Toyz” brand toys, including sets containing die-cast cars, playground set, doll house set, dinosaurs, trucks, boats and planes. The packaging is primary blue and has the “Kool Toyz” logo is on the upper left corner of the packaging.” If you have these toys, take them away from children and bring them to Target for a full refund.