This image, currently going crazy on reddit, speaks for itself. We hope it is real, but also hope that it isn’t. Ya know? For humanity’s sake? Or at least the City of Melbourne’s sake… [More]
government
The Census Is Getting Weird With Its Marketing
By 3.30.10
“Nobody expects the U.S. Census! Our chief weapon is surprise!” A Seattle blogger posted a photograph of a fortune she received in her fortune cookie recently, and it looks like the Census is using surprise fear and surprise surprise, fear, and a ruthless efficiency to remind people to send back their forms. Oh, and they’re ruining fortune cookies. I fully expect to be forced into a comfy chair soon, which all in all isn’t a bad way to be tortured, so meh. [More]
FTC Catches 30% Of Funeral Homes Violating Consumer Laws
By 3.25.10
Thanks to the Federal Trade Commission, consumers have certain rights when it comes to funerals. Consumers have the right to purchase only the products or services they need, to use the services of a funeral home while declining embalming, to see written price lists before they begin to make decisions, and the right to purchase a casket or urn elsewhere. An undercover FTC investigation, however, discovered that in 30% of the funeral homes they visited, at least one part of the Funeral Rule of 1984 was violated. [More]
Finish Up Your Weekend With Some Light Reading On Health Care Reform
By 3.21.10
You know what’s even less exciting than health insurance regulations? Homework! But as Congress prepares to vote on the huge and hugely controversial health care reform bill tonight, it’s a good time to familiarize yourself with what the proposed bill does–no matter what your opinion of it might be. [More]
Tell FCC What You Think About Proposed Comcast/NBC Mergepocalypse By May 3
By 3.19.10
Do you have strong feelings for or against Comcast’s proposed acquisition of 51% of NBC/Universal? The FCC has asked for comments from “interested parties,” so if you have anything compelling to say on the matter, here’s where to go. [More]
States Realizing That A $50 Rebate Won't Make A Broke Person Buy A Fridge
By 3.15.10
USAToday says some states, like Iowa and Minnesota, offered nice big rebates ($100 to $250 or more) in the cash for appliances stimulus program. Consequently, those states gave away the money and had a successful program. Meanwhile, New York, which offered only a $75 rebate on a new fridge or clothes washer, set a 10-day window in February for its $16.8 million in rebates, has $7 million left a month a month later. [More]
Test Your Broadband Speeds For The FCC
By 3.15.10
Last Thursday, the FCC started collecting information from consumers about the quality of their broadband service. If you’ve got a PC that can run Java, you can go to Broadband.gov and run the test now. (The FCC will collect your IP address and physical address, but not your name or email address, reports Wired.) If you’ve got an iPhone or Android smartphone, you can download an app to measure your connectivity and report it. [More]
Consumer Protection Agency May Exempt Payday Lenders, Pawn Shops, Entire Point
By 3.11.10
The Washington Post reports that thanks to legislative compromise, banks and mortgage brokers may be the only financial institutions regulated by the proposed federal Consumer Financial Protection Agency–leaving entities that loan money but don’t hold bank charters, such as auto dealers, pawn shops, and payday lenders, unregulated by the industry. Now an unholy alliance of banking industry groups and consumer advocates are fighting the proposal, each for their own reasons. [More]
Well, The Census Is Hiring
By 3.8.10
Unemployed? If you’re looking for something to get you out of the house, the Census is hiring and apparently they’re really enjoying the sudden influx of lawyers and other professionals to choose from, says the Washington Post. [More]
It's National Consumer Protection Week!
By 3.8.10
The FTC has designated this week National Consumer Protection Week, so all scams will be put on hold and businesses won’t overcharge you until next Sunday. What, no? That’s now how it works? Ah… it looks like it’s more about consumer education, which is also a good thing since that will help consumers protect themselves year round. For adults, here’s a whole page of various scam prevention tips, fact sheets, and videos. If you’re an educator, you can enroll in the National Financial Capability Challenge and get an “educator toolkit” to help you teach students how to be smart consumers. There’s a section for businesses too, with information on how to protect customers’ personal info and deter ID theft. [More]
NYPD Officer Says He Has Arrest, Ticket Quota
By 3.3.10
The arrest and ticket quota is supposed to be an urban myth, but one NYPD officer told ABCNews that it is anything but. He works in the Bronx and says he’s “not going to keep arresting innocent people.” [More]
Toyota Knew About Sticking Pedals In Europe A Year Before U.S. Accidents
By 2.24.10
Today’s Toyota hearings featured a lot of amusing defensive yelling by Transportation Secretary Ray LaHood and, of course, the long awaited testimony by Toyota President Akio Toyoda. In addition, Yoshimi Inaba, CEO of Toyota North America, revealed that the company knew of the sticking pedal issue in Europe a year before accidents in the US. [More]
Let's Ask BillShrink About Credit Cards Under The CARD Act
By 2.22.10
Greg wrote to us and said that he’s in the market for a new credit card: “I canceled my Chase card because they raised my interest rate to 29.99% + prime. What credit card companies should I be looking at for a replacement card? What are their perks, their drawbacks?”
I spoke with Samir Kothari, the co-founder and vice president of products at BillShrink.com, to see what he thinks about the CARD Act and how it will change the credit card marketplace.
Don't Fall For Job Scams
By 2.17.10
The Federal Trade Commission has a website at www.ftc.gov/jobscams with information on the types of scams you’re likely to find in Help Wanted listings. They’ve also put together a short video (below) that describes how scammers try to charge job hunters fees to pay for job certification, or to provide access to executive-level interviews, or to acquire study materials that are supposedly crucial to passing a hiring exam. It’s a good refresher course in what to look out for when you’re answering ads. [More]
Al Franken Makes Comcast's CEO Look Like A Tool
By 2.5.10
Love him or hate him, Sen. Al Franken (D-MN), former employee of NBC, made Comcast’s befuddled CEO Brian “Comcatastrophe” Roberts look like a complete tool during yesterday’s hearing on the proposed Comcast/NBC mergepocalypse. [More]
Check Out The Department Of Transportation's New Site For Airline Passengers
By 1.29.10
If you’ve got a complaint about an airline, or you want to find out more about whether your complaint is valid, oh boy is there a treat in store for you! Earlier this month, the DOT launched a redesigned consumer aviation website at airconsumer.dot.gov. The goal of the site is “to make it as easy as possible for consumers to find the information they need to make their air travel experience as smooth and hassle-free as possible.” [More]
Watch Out For These Tricks After The CARD Act Kicks In Next Month
By 1.25.10
The credit card reform bill will go into effect at the end of February, but that doesn’t mean you should stop paying attention to what your credit card company does with your account. There are lots and lots of loopholes, notes WalletPop. For example, your card issuer can still raise rates on future purchases any time and for any reason. In addition, there’s no limit to the number of fees that can be invented and applied to your account. The only way to make sure you don’t get screwed by a profit-hungry card issuer is to read every single thing that’s mailed to you, and closely review your statement for evidence of any changes that you may have missed. [More]
White House Proposes New Banking Rules, Wall Street Freaks Out
By 1.21.10
So, we used to have this thing called the Glass-Steagall Act, which separated investment banking from commercial banking. Then we didn’t anymore. Now the President has proposed new rules that would effectively restore some of the provisions of Glass-Steagall. Wall Street is like, so not cool with it, however. [More]
