For a decade now, all the major auto insurers have used a customer’s credit rating to some degree in determining premiums. They claim that it results in lower rates for “most” customers, and that the data prove that people with lower credit scores make more claims and for higher amounts. The FTC released a report this summer that validated the practice—but also confirmed an unpleasant truth critics have been saying for years: because a higher percentage of Hispanics and African-Americans have low credit scores, there’s a good chance they’re disproportionately affected.
congress
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The House of Representatives passed a bill today that would require OSHA to limit workers’ exposure to diacetyl, the recently popularized butter-flavored chemical used in microwave popcorn and the suspected source of dreaded “popcorn lung.” The White House has threatened to veto any regulation sent its way, and some House Republicans agree. Said Representative Joe Wilson of South Carolina, “Fundamentally, the science does not exist to state the link between diacetyl and impaired lung function.” [Reuters]
![Liveblogging The House Energy And Commerce Committee Hearing On Food Safety](../../../../consumermediallc.files.wordpress.com/2012/06/dingell.jpg?w=300&h=225&crop=1)
Liveblogging The House Energy And Commerce Committee Hearing On Food Safety
Starting today at 10 a.m., the powerful Chairman of the House Energy and Commerce Committee, John Dingell (D-MI), will hold a hearing on H.R. 3610, The Food and Drug Import Safety Act of 2007, or, as we have dubbed the bill, The Poison-Free Food Act. The bill would dramatically alter the FDA’s handling of imported foods, empowering the agency to:
- Issue mandatory recalls;
- Limit food imports to ports clustered near FDA inspection labs;
- Require a country of origin labels for food, drugs and medical devices;
- Subject exporters to a strict certification program administered by the Department of Health and Human Services.
The Committee will hear from two panels: The first will see FDA Commissioners and regulators defending their agency, while the second will host a panoply of foodies, including the Coalition for a Stronger FDA, the Center for Science in the Public Interest, the Grocery Manufacturers Association, and Big Pharma.
![The Unpleasant Truth Behind Mattel's Unexpected Apology](../../../../consumermediallc.files.wordpress.com/2012/06/oops-deception-revealed-face.jpg?w=300&h=225&crop=1)
The Unpleasant Truth Behind Mattel's Unexpected Apology
Mattel takes full responsibility for these recalls and apologises personally to you, the Chinese people and all of our customers who received the toys. It is important for everyone to understand that the vast majority of these products that we recalled were the result of a flaw in Mattel’s design, not through a manufacturing flaw in Chinese manufacturers.
![As The Fed Snoozes, States Step Into The Subprime Breach](../../../../consumermediallc.files.wordpress.com/2012/06/shark-in-the-water.jpg?w=300&h=225&crop=1)
As The Fed Snoozes, States Step Into The Subprime Breach
States are beginning to enact protections for subprime borrowers, reacting to the absence of a national solution from Washington. North Carolina last week became one of one of several states to clamp down on the adjustable-rate mortgages that have fueled the subprime meltdown.
![What Part Of "Do-Not-Call" Do Skeezy Telemarketers Not Understand?](../../../../consumermediallc.files.wordpress.com/2012/06/csr-chastises-tukrey.jpg?w=300&h=225&crop=1)
What Part Of "Do-Not-Call" Do Skeezy Telemarketers Not Understand?
Meet Bluegreen, a Florida time-share company that regularly skirts the Do-Not-Call Lista by offering a $50,000 raffle. By entering the raffle, unsuspecting consumers give Bluegreen – and over a dozen of their affiliates – permission to contact them, even if they subscribe to the Do-Not-Call List. We explain how this is technically legal, after the jump.
![Expedited Passports Now Take 3 Weeks To Arrive, Not 3 Days](../../../../consumermediallc.files.wordpress.com/2012/06/passportshot1.jpg?w=158&h=198&crop=1)
Expedited Passports Now Take 3 Weeks To Arrive, Not 3 Days
Travelers paying $60 to expedite their passport application should prepare to wait three weeks, not three business days, for their passport to arrive. The State Department published the change last week in the Federal Register, shifting the target processing date for expedited applications from “three business days” to “a number of business days,” which, according to the Washington Post, means three weeks. Members of Congress lambasted the change:
![FDA Reverses Course, Decides Now Might Not Be The Time To Close Half Its Field Labs](../../../../consumermediallc.files.wordpress.com/2012/06/fda-the-chicken.jpg?w=173&h=225&crop=1)
FDA Reverses Course, Decides Now Might Not Be The Time To Close Half Its Field Labs
Bowing to pressure from Congress, the FDA has decided not to close more than half of its field labs. The ill-timed plan to consolidate seven of the agency’s thirteen labs in the name of efficiency and modernization was already under review by a Presidential panel, and had raised the ire of the powerful Chairman of the House Energy and Commerce Committee, John Dingell, who recently introduced legislation to block the reorganization.
![New York Times To Congress: Fix Our Broken !@$% Banking System!](../../../../consumermediallc.files.wordpress.com/2012/06/times-the-bird.jpg?w=180&h=192&crop=1)
New York Times To Congress: Fix Our Broken !@$% Banking System!
The New York Times published an editorial damning Congress’ unwillingness to protect consumers from a rising tide of unreasonable fees and penalties that have boosted the financial sector’s bottom line, while impoverishing millions of Americans.
![The Consumer Product Safety Commission Wants New, Improved Powers](../../../../consumermediallc.files.wordpress.com/2012/06/nanananananancy.jpg?w=173&h=204&crop=1)
The Consumer Product Safety Commission Wants New, Improved Powers
• The Commission wants the power to quickly codify voluntary industry standards, which are currently unenforceable by the CPSC.
![Contact Information For 50 Politicians Who Take Campaign Money From The RIAA](../../../../consumermediallc.files.wordpress.com/2012/06/rippedwashington.jpg?w=200&h=225&crop=1)
Contact Information For 50 Politicians Who Take Campaign Money From The RIAA
When you voted the RIAA the worst company in America you gave us an assignment. But how can we improve the customer service of a recording industry trade group? It’s not an easy task. Couldn’t you have voted for Home Depot? U-Haul? Anyway…
![House Approves Gas Price Gouging Legislation](../../../../consumermediallc.files.wordpress.com/2012/06/nahnahnah.jpg?w=300&h=225&crop=1)
House Approves Gas Price Gouging Legislation
The House of Representatives has passed what could become the first federal law against energy price gouging. Currently, several states have laws against said gouging, but the rigor of the enforcement is inconsistent at best.
![Beer Money In Congress](../../../../consumermediallc.files.wordpress.com/2012/06/beer9.jpg?w=240&h=180&crop=1)
Beer Money In Congress
Beer manufacturers are lobbying congress in order to secure a “beer tax rollback” which would “cut the federal beer tax in half to its 1951 level,” according to the CSPI. Alcohol producers donated around $10 million to federal candidates in the last election cycle, and 70% of that was “beer money.”
![Proposed Legislation To Save Internet Radio](../../../../consumermediallc.files.wordpress.com/2012/06/soundexchange.jpg?w=182&h=72&crop=1)
Proposed Legislation To Save Internet Radio
As you may well know, U.S. Reps. Jay Inslee (D-Wash.) and Don Manzullo (R-Ill.) filed legislation that would reverse a recent decision of the federal Copyright Royalty Board (CRB) to drastically increase the amount internet radio stations have to pay to air their songs. For those of you interested you can read the proposed legislation, here. This is yet another one of those situations where you may want to write a letter expressing your opinion.
Payday Loanshark’s Waters Drain
A proposed cap on payday loan percentages charged to members of the military is nearing final approval. The bill aims to limit the vigorish to 36%, down from the usual 350%. Great, how about the rest of us?