Consumer Reports

Consumer Advocates Sue Government Over Long Wait For New Automobile Safety Features

Earlier this year, federal vehicle safety regulators reached a voluntary agreement with nearly two dozen car manufacturers to make forward-collision warning and automatic emergency braking features standard in their cars starting in 2022. But some consumer safety advocates believe this is too long a wake and have gone to court in the hope of pressing the National Highway Traffic Safety Administration into taking more immediate action. [More]

(David Goehring)

Federal Inquiry Probes TCF Bank’s Overdraft Practices

Overdraft fees cost consumers an average of $32 billion each year. The hefty fees and their often less-than-transparent policies, which vary greatly between banks and financial products, have long garnered the ire of consumer advocates and federal regulators. Case in point: a Minnesota-based bank is now under investigation for possibly unfair and deceptive practices related to its overdraft program.  [More]

Medical Debt Collector Must Pay Consumers $5.4M For Improperly Handling Disputes

Medical Debt Collector Must Pay Consumers $5.4M For Improperly Handling Disputes

What happens when you combine expensive — and often unanticipated — medical bills and overzealous debt collectors? An environment ripe for abusive, unfair collection practices. At least that appears to be the case for an operation that must pay $5.4 million in relief to consumers for allegedly mishandling credit reporting disputes and preventing individuals from exercising their debt collection rights. [More]

CFPB Fines Alabama Real Estate Firm $500,000 For Disclosure Violation

CFPB Fines Alabama Real Estate Firm $500,000 For Disclosure Violation

Purchasing everything you need for your home at one store can be convenient – it’s one of the reasons we have one-stop-shops. But when a realty firm doesn’t tell consumers they don’t have to use an affiliated mortgage service provider, well, that’s against the law. And as one company can attest it comes with a hefty fine. [More]