Electronic Mortgage Documents Easier To Understand, Provide More Benefits For Consumers

Electronic Mortgage Documents Easier To Understand, Provide More Benefits For Consumers

If you’ve ever bought a house, you’re more than familiar with the mountain of paperwork you have to deal with at closing, not all of which are easy to understand.  But a study claims that homeowners who utilize a newer electronic method for reviewing closing documents may better comprehend what they’re signing. [More]

No Surprise Here: CFPB Finds Reverse Mortgage Ads Create False Impressions

No Surprise Here: CFPB Finds Reverse Mortgage Ads Create False Impressions

Last year, Consumerist reported on why you shouldn’t run out to sign up for a reverse mortgage just because Fred Thompson or other paid spokespeople opine about the benefits in national advertising campaigns. Today, the Consumer Financial Protection Bureau echoed our fears that these ads can be misleading by releasing the results of a focus group and issuing an advisory warning consumers that promotions for the costly product often don’t tell the whole story. [More]

Data Breaches Now Cost Companies An Average Of $3.8M

Data Breaches Now Cost Companies An Average Of $3.8M

The aftermath of a now all-too-common data breach can be frustrating for consumers: canceling credit cards, monitoring credit reports for irregularities, and working with banks to recoup unauthorized purchases. But the hacks can also be expensive for the targeted company, with the average cost now sitting at a 10-year high of $3.8 million. [More]

Report: Teens Buy E-Cigarettes Online With Little Difficulty Despite Industry Safeguards

Report: Teens Buy E-Cigarettes Online With Little Difficulty Despite Industry Safeguards

Back in February 2014, Ohio became the first state to prohibit the sale of e-cigarettes to minors. Since then, 40 other states and cities have followed suit. Despite those regulations, a new study found it’s increasingly easy for teens to skirt the rules by purchasing the products online. [More]

(Chris Blakeley)

FTC: Credit Report Errors Continuing To Linger Years After Being Found

Two years ago, a Federal Trade Commission study found a surprisingly large percentage of consumers had discovered, and had corrected, errors on their credit reports. There were also several people who believed there were errors with their reports but had not yet reached a resolution. A new follow-up study from the FTC finds that nearly 70% of these disputes from 2012 are still unresolved. [More]

(Ninja M.)

Study Shows You Can’t Think Straight When Your iPhone Is In The Other Room

A day without my smartphone is a day I couldn’t even imagine (scary, I know). And a new study by scientists at the University of Missouri says that not only is this separation anxiety very real, but that it can impact our cognitive abilities. [More]

(F Delventhal)

Can’t Go To Sleep At Night? It Might Be Your iPad, Kindle Or Nook’s Fault

If you’re having a difficult time falling asleep after reading a few chapters of the latest can’t-put-it-down book, the bright light emitted from your eReader may to blame. [More]

(Stephen Dickter)

Report: Billing Errors, Varying Procedure Costs Create Environment For Excessive Medical Debt

Making a trip to the doctor undoubtedly leaves many consumers’ wallets a little (or a lot) lighter. While some people going in for planned medical procedures might seek out doctors covered under their insurance to help alleviate out-of-pocket costs, a new report found that even with advances in medical policy consumers are feeling the burden of medical debt. [More]

Study: Eating These 41 ‘Powerhouse’ Fruits And Vegetables Can Prevent Chronic Disease

Study: Eating These 41 ‘Powerhouse’ Fruits And Vegetables Can Prevent Chronic Disease

Is your daily diet full of “Powerhouse” fruits and vegetables? Probably not, unless you regularly munch on watercress, chard or beet greens. [More]

From the Pew Research Center's study "America's Shrinking Middle Class"

Fewer Americans Identify As Middle Class Following The Great Recession

Several years ago, during the Great Recession, Consumerist asked the question many of us were thinking: If everyone is broke, is there still a class system? The answer was, probably, yes. And today it remains the same, even though many Americans are realizing they no longer hold a spot in the middle class. [More]

Consumers Get $32 Billion More Than They Bargained For With Broadband, Says Study

Consumers Get $32 Billion More Than They Bargained For With Broadband, Says Study

Silly you — did you think you were overpaying for broadband access? Well, a study has gone and proven you wrong.

If You Use Twitter This Month, You Probably Won't Be Back Next Month

If You Use Twitter This Month, You Probably Won't Be Back Next Month

Oprah has given the world many discoveries: Dr. Phil, books and on April 17, when she devoted an entire show to it, Twitter.

Dress Better, Get Better Service, Study Finds

Dress Better, Get Better Service, Study Finds

If you want good service, you’ll have to dress the part.