Subprime car loans are pretty much terrible. They’re exploitative of lower-income borrowers, financially risky for lenders, and frankly the only thing that keeps them from being every inch as disastrous for everyone as subprime mortgages — so far — is that their dollar values are lower.
The three major credit reporting agencies — Equifax, Experian, and TransUnion — receive more complaints from consumers than most banks, primarily because these reports frequently contain errors and they make it incredibly difficult to resolve disputes. The credit industry seems to think its mistakes are within acceptable standards, but will they feel the same way when their brand names are facing similar odds for a disastrous mistake? [More]
Last week, the soccer world was rocked when numerous current and former FIFA officials were arrested and charged with accepting illegal kickbacks and bribes. Only days later, FIFA President Sepp Blatter, under whose oversight these alleged crimes have occurred for nearly two decades, was reelected. That’s why John Oliver has called on FIFA’s high-profile sponsors to use their financial leverage to effect some change in the most powerful soccer organization in the world. [More]
Since 2010, Congress has cut the budget for the IRS by around 20%, resulting in thousands of jobs being cut and millions of Americans unable to get much-needed help with their tax returns this year. This has had the effect of just making some people hate the IRS even more than they already did, but is this a case of kicking a man when he’s down? [More]
On Sunday night, John Oliver called out the tobacco industry, and particularly Philip Morris, for the practice of threatening small and poor countries with complicated, expensive international trade lawsuits if they try to strictly regulate cigarette marketing. But while Big Tobacco has the coffers to pay for costly legal battles, it does a really poor job of trying to defend its actions. [More]
On Sunday’s episode of Last Week Tonight, host John Oliver took an in-depth look at how the tobacco industry uses expensive lawsuits and byzantine international trade agreements to keep countries from pushing for stronger regulation on cigarettes. But rather than just call Big Tobacco out for its bad behavior, Oliver also offered a helpful solution that might make all sides happy. [More]
As many of you recall, TV’s Dr. Oz took a spanking last week before a Senate subcommittee that questioned his use of terms like “miracle” and “magic” in the description of unproven weight-loss products and treatments. And on HBO’s Last Week Tonight, host John Oliver suggested a better line of work for the pill-pushing physician, along with a more accurate title for his much-watched talk show. [More]
In spite of the fact that the current debate over net neutrality is one of the most important issues facing America right now, it’s not easy to get people to give a damn about the topic because it involves incredibly dull, complicated regulatory minutiae. Perhaps this calls for a rebranding. [More]