Consumers who took out federal student loans through private lenders are more likely to default on their debts than their counterparts who received federal loans through the Department of Education, in part because these borrowers have difficulty obtaining adequate information on repayment options. [More]
The hits keep on coming for the National Highway Traffic Safety Administration. Less than a month after internal reports determined the agency failed to adequately address the General Motors ignition switch defect that has been linked to more than 100 deaths, an audit from the U.S. Department of Transportation identified a plethora of shortcomings within the auto-safety regulator’s Office of Defects Investigation (ODI) that prevent it from properly protecting consumers from vehicle defects. [More]
Many consumers have a love-hate relationship with airlines: We love that they get us from point A to point B faster than a car, but we hate all the little fees, the inevitable delays and the occasional lost bag. It looks like all that hate once again won out, as this year’s Airline Quality Rating Survey found performance declined across all customer-focused categories just a year after the industry’s best scores in 25 years. The only carryover from the hopeful 2013 report was Virgin America’s ranking as top airline for the third consecutive year. [More]
The Consumer Financial Protection Bureau heard a lot from consumers in 2013. The agency received the most complaints in its history, including those from three new areas – payday loans, money transfers and debt collections. But it appears that fewer complaints were sent to offending companies for review and response. [More]
Every year, the FCC receives hundreds of thousands of complaints from consumers, but those gripes are rarely made public. That’s why a pair of Senators are urging the Commission to follow the lead of other federal agencies that offer public, searchable databases of complaints. [More]
There are plenty of things out there to complain about — after all, fighting back against the companies and industries that let down consumers is why we’re here in the first place. And according to a new survey from the Consumer Federation of America, the area we’re most cranky about is (drumroll, please)… car shopping! Of course, there are plenty of other consumer woes as well.
The Consumer Products Safety Commission has voted to create a new database of consumer complaints that will allow consumers to “see complaints of injuries or potential harm that are filed to the commission by consumers, safety groups, health care professionals and others,”
says the Chicago Tribune. Previously this information only became public after it led to a recall.