The terms and conditions for short-term, high-cost loans can often be confusing, making it difficult to decipher just how much a borrower will spend to repay an initial loan. That was apparently the case for TMX Finance, the company behind TitleMax, as federal regulators fined the company $9 million for allegedly luring consumers into costly loan renewals by presenting them with misleading information about monthly plans. [More]
As part of its $15 billion settlement package to begin resolving its use of so-called “defeat devices” in 500,000 diesel-engine vehicles in the U.S. to skirt emission standards, Volkswagen has agreed to pay $2.7 million to establish a fund to reduce nitrogen oxide in any area of the U.S. were VW’s emissions-cheating vehicles were located. But it turns out those funds aren’t just for past emissions, they’re also for future ones. [More]
Despite nearly a quarter of the 482,000 owners of Volkswagen vehicles equipped with “defeat devices” accepting a “goodwill package” of $1,000 in cash and credits for their troubles, lawmakers said on Thursday that the carmaker needs to do more – namely buy back the automobiles that violate federal air pollution emission standards. [More]
Pizza Shop Customer Sends Owner Letter Apologizing For Writing Bad Check In 2002, Encloses Money Order
While there are many bad consumers in the world, there are also those out there who recognize they haven’t done the right thing, and seek to make amends, even if it’s years later. That’s how it went down for a pizza shop owner who was surprised to find a letter in the mail from a customer who’d written a bad check in 2002 — and enclosed a money order to make up for it.
Yesterday many of us were bummed out by hearing that it’s perfectly legal for a repair shop employee to take a customer’s car for a joyride. And if the car gets wrecked in the process, well, there’s not much police can do. Which is why it’s heartening to hear that a man whose $55,000 Camaro was wrecked during a dealership worker’s joyride is getting his car replaced… after the dealership had a good dose of public shaming. [More]
In a move to placate dissatisfied customers, Jawbone is offering refunds on their highly hyped UP wristbands, with no questions asked. The devices are supposed to monitor sleep and exercise patterns of the wearer, but many users reported problems with battery life and its ability to sync with phones and computers.