Man Wants Verizon FiOS, Keeps Getting Credit Score Dinged Instead

Man Wants Verizon FiOS, Keeps Getting Credit Score Dinged Instead

Todd’s subject line to us was, “Verizon FiOS hates me,” and maybe he’s right. Each time he tries to sign up for their package deal, they check his credit score, proceed with the sign-up process, then cancel everything at the last minute due to a “technical glitch.” They say he can try a third time if he wants. [More]

Being Locked Out Of Quickbooks Leads To An Endless Series Of Upsells

Being Locked Out Of Quickbooks Leads To An Endless Series Of Upsells

Quickbooks from Intuit is a very popular piece of accounting software used by accountants and non-accountants alike. One of its more annoying features is that customers must call to register their software after purchase, or it won’t work. Brian writes that his problem with Quickbooks came when the registration code for his new copy of QuickBooks wouldn’t work, and Intuit wanted him to pay $40 for technical support in order to get help registering the software he had already paid for. [More]

House Tackles Subprime Meltdown, Amends Truth In Lending Act

House Tackles Subprime Meltdown, Amends Truth In Lending Act

The House this week voted 291-127 to pass the Mortgage Reform and Anti-Predatory Lending Act, Congress’ first major attempt to prevent a recurrence of the ongoing subprime meltdown. The bill, supported by every Democrat and 64 Republicans, stabs at the heart of the meltdown by:

  • Establishing a national licensing and registration system for mortgage lenders;
  • Establishing the Office of Housing Counseling within HUD to help borrowers avoid foreclosure;
  • Banning loans that a borrower cannot reasonably repay;
  • Banning lenders from steering borrowers towards loans with predatory characteristics;
  • Making banks that securitize mortgages liable for violating lending laws.
Do Consumers Actually Participate In Recalls? (No.)

Do Consumers Actually Participate In Recalls? (No.)

Despite all the hand-wringing on our part, we consumers don’t actually participate in recalls at a very high level. This leaves both manufacturers and the CPSC in the dark about whether their warnings are reaching the right people—which is why the House approved a bill this Tuesday that would require manufacturers of certain infant and toddler products to keep registration info on their customers.