When iPhones first came on the market, customers could only get their devices fixed at an actual Apple store. Now that the phones have become ubiquitous, phone repair store have popped up on nearly every block and in every mall, providing owners with a plethora of options and prices when it comes to seeking repairs for their devices. But a new report shows that Apple and other tech manufacturers and organizations are fighting against these choices, pushing to eliminate state legislation that aims to make it easier for anyone to repair electronics. [More]
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Wells Fargo Still Has A Lot Of Fake Account Fiasco Investigations To Deal With
By 3.31.17
Wells Fargo may believe that its recently announced $110 million settlement will put an end to the many federal lawsuits over the bank’s fake account fiasco, but that may be wishful thinking. In fact, the financial institution is still party to nearly a dozen investigations and lawsuits. [More]
BCBG Max Azria Reportedly Prepping For Bankruptcy
By 2.28.17
Earlier this month, BCBG Max Azria Group announced the closure of nearly 120 stores, setting off rumors that it would soon join the growing list of mall tenants filing for bankruptcy. Now comes a report claiming that this filing could happen as soon as next week. [More]
Whistleblower Lawsuit Claims University Of Phoenix Defrauded The Federal Government
By 3.9.16
You can now add the University of Phoenix and its parent company, Apollo Education Group, to the list of for-profit educators who find themselves on the defendant end of a whistleblower lawsuit. A former Phoenix employee is accusing the company of submitting false student aid information in order to receive federal funding it was not entitled to. [More]
Judge Orders Credit Reporting Bureaus To Strike Forgiven Debts From Records
By 10.1.08
The three big credit reporting agencies—Experian, TransUnion, and Equifax—have been inaccurately reporting debts on millions of consumers’ credit reports even after the debts have been forgiven during bankruptcy filings. Once forgiven, the debts are supposed to be removed from credit reports, but the agencies are continuing to report them as active. They have until October 1st to comply with Judge David O. Carter’s order to “revamp their systems,” writes Jane J. Kim on the Wall Street Journal’s finance blog. Now if you’re in debt trouble, you can look forward (?) to having either unpaid debts on your credit report, or a bankruptcy filing, but hopefully no longer both at the same time.
Citigroup Developing Citi-Branded Phone That Can Make Contactless Payments
By 3.28.08
Do you wish you had a way to spend your money more easily, without all that opening-the-wallet or punching-the-pin-number manual labor? The trade publication Cards & Payments (registration required) says that it’s received a copy of a report filed with the FCC that indicates Citigroup is developing a Near Field Communication, or NFC, mobile phone that would allow its customers to make contactless payments at participating retailers.
