Lawmakers Call For VW To Buy Back Emission-Cheating Cars At Pre-Scandal Value

Lawmakers Call For VW To Buy Back Emission-Cheating Cars At Pre-Scandal Value

Despite nearly a quarter of the 482,000 owners of Volkswagen vehicles equipped with “defeat devices” accepting a “goodwill package” of $1,000 in cash and credits for their troubles, lawmakers said on Thursday that the carmaker needs to do more – namely buy back the automobiles that violate federal air pollution emission standards.  [More]

Lawmakers Continue Crusade To Rein In For-Profit Colleges Targeting Servicemembers

Lawmakers Continue Crusade To Rein In For-Profit Colleges Targeting Servicemembers

In recent months federal regulators and government agencies have increased scrutiny of for-profit colleges and their interactions with servicemembers, veterans and their families. Today, lawmakers furthered that mission by introducing legislation that would restore previous limits on how much money these educational institutions can receive from the federal government via military benefits and other programs.  [More]

Senators Question Takata’s Ability To Complete Recall Replacement Amid Fines, Lost Customers

Senators Question Takata’s Ability To Complete Recall Replacement Amid Fines, Lost Customers

With Japanese auto parts maker Takata facing a $70 million fine from federal regulators, and car manufacturers ditching the company’s airbags, lawmakers urged the National Highway Traffic Safety Administration to ensure the company is able to complete the repairs to millions of vehicles in the event it files for bankruptcy.  [More]

New Bill Would Punish Corporate Execs With Jail Time For Lying About Deadly Products

New Bill Would Punish Corporate Execs With Jail Time For Lying About Deadly Products

Even though General Motors has acknowledged that more than 100 people died because the carmaker failed to fix defective ignition switches, the recent $900 million settlement with federal prosecutors means that not a single person at GM will see a day behind bars. A newly introduced piece of legislation hopes to hold corporate officers accountable when they conceal information about potentially deadly products. [More]

Senators Ask Automakers For Update On Cybersecurity Protection Measures

Senators Ask Automakers For Update On Cybersecurity Protection Measures

Following a string of high-profile incidents in which researchers were able to hack into – and in some cases take control of – a vehicle through its entertainment systems, lawmakers have renewed their push to ensure car manufacturers are adequately protecting consumers from such attacks. [More]

Senators Call For Recall Of All Vehicles With Takata Airbags

Senators Call For Recall Of All Vehicles With Takata Airbags

Because it could take some time for federal investigators to determine the cause of a ruptured Takata airbag in a Volkswagen — a carmaker that hadn’t been part of any earlier exploding, shrapnel-shooting airbag recalls — some lawmakers are calling for a recall of all vehicles equipped with airbags made by Takata. [More]

Why Didn’t Dept. Of Education Find Problems With Loan Servicer Fined $100M?

Why Didn’t Dept. Of Education Find Problems With Loan Servicer Fined $100M?

Last May, investigations by the Department of Justice and the Federal Deposit Insurance Corporation into student loans servicing resulted in a $100 million fine against government-contracted servicer Navient for allegedly violating federal laws limiting the amount of interest that can be charged on servicemember student loans. Following those investigations, the Department of Education undertook a review that found its four servicers – including Navient – weren’t cheating military personnel. With such conflicting reports, members of Congress are now getting involved, calling for an investigation into the Dept. of Education’s review process. [More]

Takata Nixes Idea Of Airbag Victim Compensation Fund, For Now

Takata Nixes Idea Of Airbag Victim Compensation Fund, For Now

Last month, in his first public address of the massive airbag defect linked to eight deaths and more than a hundred injuries, Takata CEO Shigehisa Takada announced the Japanese auto parts maker would consider the possibility of creating a victim compensation fund. Now, the company says such a fund is a no-go. [More]

(yooperann)

American Airlines CEO Denies Claims Of Industry Collusion

While the Department of Justice investigates the possibility that airlines colluded to keep ticket prices high, the top executive at American Airlines is trying to assure his employees that the company did nothing wrong. [More]

Dept. Of Justice Investigating Alleged Collusion By Airlines To Keep Ticket Prices High

Dept. Of Justice Investigating Alleged Collusion By Airlines To Keep Ticket Prices High

Just weeks after a legislator voiced concern that a shrinking airline industry has perpetuated potential anti-competitive behavior aimed at keeping the price of airfare high, the Department of Justice revealed it is looking into the possibility of collusion between airlines.
[More]

Senators Introduce Legislation To Close Federal Funding Loophole Exploited By For-Profit Colleges… Again

Senators Introduce Legislation To Close Federal Funding Loophole Exploited By For-Profit Colleges… Again

Legislators continued their crusade to rein in the abuses of predatory for-profit college institutions by introducing a measure today that would close a funding loophole that often led the schools to target certain consumers in order to pad their bottom line. [More]

(David Transier)

Senator Calls For Investigation Into Alleged Anti-Competitive Airline Behavior

American Airlines and US Airways, Southwest Airlines and AirTran, Continental and United. These are just a few of the major mergers to hit the airline industry in the last several decades. While airlines contend that such combinations have created more streamlined processes for customers, some legislators are concerned that a shrinking airline industry has perpetrated potential anti-competitive behavior, leading to a request for a federal investigation.   [More]

(Themarcogoon49)

Upcoming Online Airfare Comparison Changes Raise Privacy, Discrimination Concerns

A group of senators raised concerns Tuesday that a new airfare comparison shopping system currently being developed could lead to unfair discrimination practices based on information the airlines receive from customers. [More]

(Gail Dixon)

RECALL Act Would Require Consumers Fix Vehicle Safety Issues Before Registration Renewal

During 2014’s recallapoalooza federal regulators revealed that the average completion rate for a vehicle recall was just 75%. While some consumers might not be aware their car has a safety issue, others simply put off the needed repairs. A new bill introduced in the Senate Monday aims to make sure potentially dangerous vehicles aren’t on the road, by requiring fixes be completed before registration renewals are granted.  [More]

(Sapurah Lashari)

Senators Chastise Govt. For Making Money Off Struggling Student Loan Borrowers, Not Offering Enough Relief

For several years now the government has offered federal student loan forgiveness programs aimed at helping borrowers to avoid defaulting on their debts. While recent reports have shown that the popularity of the programs has exceeded expectations, a group of six senators say the Department of Education could do more given the billions of dollars in payments it receives from federal loans each year. [More]

Senator Asks Justice Department To Hold GM Responsible For Ignition Fire Lawsuits

Senator Asks Justice Department To Hold GM Responsible For Ignition Fire Lawsuits

Earlier this year, GM issued a massive recall of nearly 1.4 million vehicles due to problems with the ignition switch. GM apparently knew about those problems — which have caused several fatalities — for up to thirteen years before issuing the recall, and reportedly also ignored piles of consumer complaints in that timeframe. Consumers’ entirely predictable lawsuits against GM have already begun, but those lawsuits are facing a big potential snag. [More]

CVS, Walgreens Drop Tamiflu Prices After AG Sends Nasty Letter

CVS, Walgreens Drop Tamiflu Prices After AG Sends Nasty Letter

Are CVS and Walgreens price gouging on liquid Tamiflu? The attorney general of Connecticut’s office says the AG, Richard Blumenthal, has “received information suggesting that some pharmacies have charged substantially increased out-of-pocket prices for Tamiflu, in some cases as high as $130 or more. He has also heard that some retailers may be purchasing capsules of higher-dosage Tamiflu from distributors and remarketing it as liquid-form lower dosages at greatly inflated prices.” [More]

Webloyalty Reservation Rewards Under Investigation

Webloyalty Reservation Rewards Under Investigation

The Connecticut Attorney General’s office is investigating the infamous Webloyalty “Reservation Rewards” program, reports WalletPop. Consumers have been complaining about unexpected charges on their credit card from this company for years…