Experian, Equifax and TransUnion – the three largest companies to collect and disseminate credit information for millions of Americans – must undergo an overhaul of credit reporting practices as part of an agreement with the New York Attorney General’s Office. [More]
A New York Papa John’s franchisee must pay more than $2 million to workers as part of a judgment resolving charges that the company underpaid hundreds of delivery workers at five Harlem-area restaurants. [More]
The marketer of popular “as-seen-on-TV” products such as Snuggies, Magic Mesh door covers and Perfect Brownie Pans must pay $8 million to resolve federal and state charges it deceived consumers with promises of buy-one-get-one-free promotions and then charged exorbitant fees for processing and handling, nearly doubling the cost of the products. [More]
Just like one of those action movies where a federal agent gets paired up with a small-town sheriff who knows all the bad guys in the area, the Federal Trade Commission has brought its crackdown on abusive debt collectors to New York and partnered with the Empire State’s attorney general to shut down a pair of unsavory operators. [More]
For the last decade or so, children’s clothing with drawstrings have been illegal to sell in this country. Such items still often go on the market, as our monthly Recall Roundups show, and older hand-me-downs may still have the offending strings. A recent investigation by the New York Attorney General’s office found banned kids’ clothes in the majority of thrift stores that it checked in the state. [More]
And another one bites the dust – kind of. The Federal Trade Commission, along with the New York Attorney General’s office, received an order to temporarily halt a Buffalo-based debt collection operation that allegedly used lies and threats to collect more than $8.7 million from consumers. [More]
Donating to a worthy cause can provide a sense of doing something good for others, but as we’ve warned before, there’s a chance the money you’re donating isn’t making it to the actual charity. And, unfortunately, that shady tactic appears to be the case for two companies that sent solicitations on behalf of a veterans’ charity. [More]
One would assume that a restaurant employee would be given a pat on the back for putting the safety of customers and workers first, but one McDonald’s employee in New York was fired for reporting a gas leak to authorities. That just doesn’t seem right, does it? Well, that’s because it wasn’t. [More]
In an agreement with the New York state Attorney General’s office, the owner of several McDonald’s locations in Manhattan will pay $500,000 to settle allegations that his company shortchanged 1,600 current and former employees at the fast food chain. [More]
We wrote in January about a new $10 per month fee that Chase was arbitrarily imposing on customers who had transferred balances to their Chase cards. Well after having a little chat with New York Attorney General Andrew Cuomo, Chase announced that they’ll stop charging this ridiculous fee and they’ll be refunding customers’ previous payments.
Merrill Lynch CEO: "Nothing Happened In The World Or The Economy" That Would Justify Suspending Bonuses
New York Attorney General Andrew Cuomo wrote a letter yesterday to Rep. Barney Frank (D-Mass.), head of the House Financial Services Committee, (which is currently holding hearings Washington on how banks are spending bailout funds.) In the letter, Cuomo expresses concern that Merrill Lynch moved up their bonus schedule so that they could make sure that taxpayers would get the bill.
If you’re a student and think Aetna underpaid the reimbursement for your out-of-network care, you may have some money coming to you. The insurer has settled for $5 million plus interest and penalties.