When a manufacturer recalls a vehicle for a safety defect, they’re required to contact owners of the affected models and provide a remedy for the issue free of charge. But federal investigators say this sort of smooth recall just isn’t possible for tires because the current tire recall system is “completely broken.” [More]
During the Great Recession, the growing industry of for-profit colleges promised millions of Americans a path to a higher education. But the high tuitions charged by many schools sent U.S. student loan debt soaring to more than $1.2 trillion. A new report claims that while for-profit schools charged top-dollar, many students were getting a cut-rate education, making it difficult to obtain jobs that will allow them to pay down this debt.
The Servicemembers Civil Relief Act (SCRA) provides a number of protections for military personnel and their families when it comes to private and federal student loans. While these benefits aim to alleviate the burden servicemembers face when paying back their educational debts, a new report from the Consumer Financial Protection Bureau shows that many student loan servicers continuously fail to uphold their end of the SCRA requirements. [More]
Although we’re likely a decade or two away from every person on the block owning a driverless car, when the time comes we could be saving billions of dollars and spending far less time dealing with auto accidents. [More]
The revolving door that is the payday lending debt trap is real. The high-interest, short-term loans may even be more damaging to consumers that previously thought. Four out of five payday loans are rolled over or renewed every 14 days by borrowers who end up paying more in fees than the amount of their original loan, a new Consumer Financial Protection Bureau report finds. [More]
Once upon a time, credit reports were used only for credit. Now, companies use it for a lot of decisions. Find out what is legal and what is not.
Don’t buy a credit score from anyone other than the credit bureaus or Fair Isaac, makers of the FICO score equation, and don’t buy a credit report from anyone, you can get your credit report for free by law.
Have you ever heard the term FAKO score? What about FICO score? Seasoned Consumerist readers will know the difference but if you’re new to the whirlwind credit industry, you may not.
With the recession, a lot of personal finance experts have started dispensing credit advice. They advise that you never cancel cards because it’ll hurt your score. Do you know why?
12 million Californians are at a greater risk for cancer and other major diseases thanks to HMOs that fail to provide adequate preventive care, according to a Health Care Quality Report Card produced by the California Patient’s Advocate.
Today is Worker Memorial Day, commemorating workers who have died on the job. To “celebrate,” the nation’s 12 most dangerous employers were named in a report released this week by the National Council for Occupational Safety and Health (NCOSH).