(Kat the Northern Lights Man)

Tom Selleck, Agency Reach Tentative Settlement In Water Theft Lawsuit

The world was shocked, simply shocked to hear this week that actor Tom Selleck was embroiled in a water hullabaloo out in California. After the Calleguas Municipal Water District filed a lawsuit accusing the Magnum P.I. star and his wife of stealing water by the truckload from a fire hydrant, the two sides have reportedly reached a tentative settlement. [More]

Marketers Of Memory Supplement Must Pay $1.4M To Settle Deceptive Advertising Charges

Marketers Of Memory Supplement Must Pay $1.4M To Settle Deceptive Advertising Charges

Using fake news stories and trumped-up, unsubstantiated claims, the marketers of a supplement that claimed to be the answer to memory loss problems sold nearly $100 million worth of the stuff in just a few years. Now they have to fork over $1.4 million to federal and state authorities for making these deceptive statements, and face millions more in penalties if they fail to comply. [More]

FCC, TracFone Reach Settlement: Provider Will Now Unlock Customers Phones’ Like They Said They Would

FCC, TracFone Reach Settlement: Provider Will Now Unlock Customers Phones’ Like They Said They Would

Unlocking your phone is legal, and the wireless industry agreed months ago to a set of conditions that went into effect earlier this year that allow consumers to do just that. Those companies all promised the FCC that they had a plan. And when you tell a federal agency that you have a plan, you probably actually should, and ought to follow it, too. One company didn’t, and that has landed them in some hot water with the commission. [More]

Kohl’s To Pay Nearly $1M To Settle Allegations It Overcharged Customers In California

Kohl’s To Pay Nearly $1M To Settle Allegations It Overcharged Customers In California

Kohl’s Corporation must shell out nearly $1 million to settle lawsuits with four California counties over allegations the company charged customers more than the price advertised on shelves and signs. [More]

FTD, Classmates Inc. To Pay $11M To Resolve Multi-State Allegations Of Deceptive Advertising

FTD, Classmates Inc. To Pay $11M To Resolve Multi-State Allegations Of Deceptive Advertising

The attorneys general from 22 states signed an $11 million settlement with a national flower delivery service and social networking site today to resolve allegations that the two companies misled consumers into buying subscription services they didn’t want. [More]

Credit Bureaus Must Pay $6M, Fix Errors More Quickly Under 31-State Agreement

Credit Bureaus Must Pay $6M, Fix Errors More Quickly Under 31-State Agreement

The three largest companies to collect and disseminate credit information for millions of Americans – Experian, Equifax and TransUnion – must significantly change the way they treat disputed information on credit reports as part of a massive multi-state settlement announced this week. [More]

The FTC announced settlements with the marketers of products that claim to reverse or prevent the presence of gray hair.

Feds Take Issue With Pills Claiming To “Prevent & Reverse” Greying Hair

Although dyeing your hair an ashen color is apparently a fashion thing right now, some consumers will try just about anything to stall the steely tint from cropping up on their heads: including shelling out big bucks for dietary supplements that promise to prevent or reverse the presence of gray hair. Only, according to a new settlement with the Federal Trade Commission, those claims weren’t actually backed by science.  [More]

Black & Decker has agreed to pay a $1.57 million fine for failing to report issues with two of its electric lawnmowers to the CPSC.

Black & Decker To Pay $1.57M Penalty For Failing To Report Defects Of Lawnmower That Started On Its Own

Under federal law, manufacturers, distributors and retailers are required to immediately report information regarding possible safety defects to the Consumer Product Safety Commission within 24 hours of obtaining reasonable supporting evidence. That 24-hour window allegedly turned into 11 years for Black & Decker and now the company must pay a nearly $1.6 million fine for failing report safety issues related to an electric lawnmower that started spontaneously, injuring at least two consumers. [More]

Hey, AT&T Customers: If You Plan To Grab A Slice Of The Cramming Settlement, Do It Right Now

A friendly reminder to AT&T wireless customers: as a result of their $105m settlement with the FTC, the company has to pay refunds for cramming. The application deadline for refunds is May 1 — that’s tomorrow. You can visit the settlement website to see if you’re eligible or to submit a claim.

(TheTruthAbout)

Mortgage Servicer Must Refund Consumers $48M For Array Of Deceptive Practices

Every once in a while government agencies team up to take down unscrupulous operations that prey on financially vulnerable consumers. Such was the case this week when the Consumer Financial Protection Bureau and the Federal Trade Commission took action against a mortgage servicer that engaged in a assortment of deceptive practices often resulting in consumers losing their homes. [More]

(Mike Mozart)

Wells Fargo Breached 2010 Mortgage Settlement, Must Work To Provide Homeowner Assistance

Some homeowners who were wrongly denied mortgage assistance from Wells Fargo will soon receive the help they needed years ago after a federal judge ruled this week that the bank’s denial of modifications were in breach of a 2010 settlement involving adjustable-payment mortgages. [More]

(Adam Reker)

FCC Fines CenturyLink $16M, Intrado Communications $1.4M For Actions During Massive 911 Outage

Last month the Federal Communications Commission ordered Verizon to pay $3.4 million for failing to alert authorities of a preventable programming error that left nearly 11 million people in seven states without access to emergency services for six hours in 2014. While Verizon’s fine was decidedly hefty, it pales in comparison to the $16 million penalty the agency just levied against CenturyLink for the same 911 outage. [More]

(Liz Wise)

PayPal Must Pay $7.7M For Processing Transactions In Violation Of U.S. Sanctions

Each year, PayPal processes billions of dollars in transactions. Apparently some of those payments didn’t exactly sit well with the U.S. government and now the company must pay $7.7 million for violating certain sanctions. [More]

(Mike Mozart)

Verizon To Pay $3.4 Million For Not Notifying Officials Of Massive 911 Service Outage

In April 2014 nearly 11 million people in seven states lost access to emergency services when a software programming error resulted a six-hour long 911 outage. The Federal Communications Commission determined in October that the lengthy outage could have easily been prevented, and today the agency began placing the blame by fining Verizon $3.4 million for failing to alert authorities. [More]

(paul bica)

Lawsuit That Brought GM Ignition Switch Defect To Light Settled For Second Time

The lawsuit filed by the family of a Georgia woman who died in a 2010 car accident that spurred the recall of 2.5 million General Motors vehicles with faulty ignition switches has been settled out of court. [More]

(jetsetpress)

Citigroup Forgot To Compensate 23,000 Consumers For Abusive Foreclosure Practices, Sending Checks Now

Several years ago, Citigroup reached a deal with federal regulators that required the company to provide compensation for nearly 380,000 people affected by foreclosure abuse. Only the lender didn’t exactly follow through, failing to send checks to 23,000 consumers. [More]

(Mike Mozart)

Bank Of America To Pay $155K To Settle Claim It Discriminated Against Hearing-Impaired Customer

Financial institutions have a somewhat checkered past when it comes to accommodating consumers with hearing disabilities. There was Citibank’s demand that a hearing-impaired customer call them to clear up a suspicious transaction only to be hung up on repeatedly or there was the Chase rep that didn’t think deaf people could have credit cards. Now this week, Bank of America agreed to settle allegations it denied a loan modification after ignoring a customer’s request that the bank email her rather than force her to talk on the phone. [More]

(scurzuzu)

Online Payday Lending Companies To Pay $21 Million To Settle Deception Charges, Must Waive $285M In Loans

It’s no secret that payday lending companies charge high interest rates and a butt-load of fees for their small dollar, short-term loans. Payday lending companies break federal laws by not being upfront about the often highly inflated fees they charge. The FTC today jumped in to block two online payday lending companies from preying on consumers with the highest fine ever levied against a payday lender. [More]