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Wells Fargo Must Pay $4M Over Allegedly Illegal Student Loan Servicing

For the last 10 months, it’s been one of the banking industry’s worst-kept secrets that Wells Fargo’s student loan servicing business was being investigated by federal regulators. Today, the Consumer Financial Protection Bureau confirmed these rumors and ordered Wells to pay more than $4 million in refunds and penalties over allegedly illegal loan servicing practices that increased costs and unfairly penalized certain borrowers. [More]

Mike Mozart

If You Bought Egyptian Cotton Sheets From Target, You Might Be Getting A Refund

Target is breaking up with one of the world’s biggest textile manufacturers, claiming that the company was sending it sheets labeled as “Egyptian cotton” that were actually made with cotton of the non-Egyptian sort. That means refunds for customers who bought the bedding in question. [More]

Intel Recalls Basis Peak Smartwatches For Overheating

Intel Recalls Basis Peak Smartwatches For Overheating

Smartwatches can do a lot of things: tell the time, show text messages, read your heart rate. But one thing they aren’t supposed to do is overheat, burning wearers. For that reason, Intel says it is recalling all of its Basis Peak watches.  [More]

Hoverboard Owners Report Issues Getting Refunds After Recall

Hoverboard Owners Report Issues Getting Refunds After Recall

Nearly a month after the Consumer Product Safety Commission recalled half a million (non-hovering) hoverboards over safety concerns, urging owners to stop using the self-balancing scooters and seek refunds, some customers say they’re having a difficult time doing so.  [More]

afagen

New Law Will Make Airlines Refund Baggage Fees When Bags Are Delayed

You’ve been there. You’re sitting at an airport in one state, while your luggage is stranded at an airport in another after it failed to make its connecting flight. You desperately need a fresh change of clothes and yet, it’s unclear when you’ll be reunited with your belongings. This, after you paid the airline to check that bag and have it arrive when you arrive. [More]

eBates Expanding Cash Back To Stores In Real Life

eBates Expanding Cash Back To Stores In Real Life

You may be familiar with eBates, a company that sends shoppers a fixed percentage rebate from their online shopping as long as they click on the site from the eBates site. Now the rebates are invading real life, too, and will be available at physical stores too. [More]

Adam Fagen

Apple To Begin Issuing Refunds In E-Book Settlement Case June 22

Three months after the Supreme Court left Apple on the hook for $450 million in the settlement of a 2012 antitrust case against the company and five major book publishers, the tech giant is poised to begin handing out payments to customers starting tomorrow.  [More]

Zach Egolf

Amazon Stops Price-Matching Everything But TVs, So Here’s Your Guide To Other Retailers’ Policies

No one likes to pay more for something than they have to. For that reason, several retailers offer pricing guarantees that allow customers to receive refunds if the cost of an item changes within a certain amount of time. Amazon is no longer one of the companies offering this protection.  [More]

André-Pierre du Plessis

PayPal Won’t Protect Your Payments To Crowdfunding Projects

If you’re using PayPal to help fund yet some friend’s hot sauce Kickstarter project, listen up. Starting next month, PayPal’s Purchase Protection won’t cover the transactions made on crowdfunding platforms.  [More]

frankieleon

Don’t Throw Away Prepaid Debit Cards After You Use Them To Make A Purchase

If you exhaust all the money on a prepaid debit card and have no intention of refilling it, your tendency is probably to simply discard the piece of plastic and move on with your life. But you may want to hold on to that card for a while, lest you have to jump through hoops if you return the purchase. [More]

Mike Mozart

Wells Fargo Must Pay $203M To Customers After Supreme Court Rejection

Nearly six years after a federal court ordered Wells Fargo to pay $203 million in refunds to customers victimized by the bank’s overdraft policies — and after years of bouncing back and forth through the appeals process — the U.S. Supreme Court has decided to let that judgment stand. [More]

(tomtom4388)

Maker Of Super-Powerful Desktop Magnets Must Recall Pieces, Provide Refunds

Nearly four years after federal regulators dealt a swift blow to the makers of super-powerful desktop magnetic toys Buckyballs, filing a lawsuit against the company and persuading retailers to stop selling the dangerous toys, a Colorado-based company has been ordered to recall similarly powerful magnets that can cause fatal injuries when swallowed.  [More]

Regulators Investigating 13 Hoverboard Companies, Amazon Announces Refunds For Scooter Owners

Regulators Investigating 13 Hoverboard Companies, Amazon Announces Refunds For Scooter Owners

For nearly two months now, federal regulators have been working to get to the bottom of exploding hoverboards. This week, the Consumer Product Safety Commission announced just which brands of self-balancing scooters they are investigating, while also offering a few safety tips for consumers who might already have one of the devices at home.  [More]

College Financial Service Provider Higher One To Pay More Than $55M In Fines, Refunds For Misleading Students

College Financial Service Provider Higher One To Pay More Than $55M In Fines, Refunds For Misleading Students

Higher One, Inc. promises to help students reach their goal of achieving a degree by providing money management and refund services. But federal regulators say the company misled these students into paying improper fees, opening unneeded accounts through deceptive marketing tactics, and now it must pay $55 million in fines and restitution to harmed consumers.  [More]

Lender EZCORP Must Pay $10M In Refunds, Fines For Illegal In-Person Debt Collection Practices

Lender EZCORP Must Pay $10M In Refunds, Fines For Illegal In-Person Debt Collection Practices

A small-dollar lender has been slammed with a top-dollar penalty by federal regulators who say that the company’s debt collection practices violated the law.  [More]

Angie's List

Angie Of Angie’s List Defends Policy Of Removing Negative Reviews If Customers Get Refunds

If a company offers you a refund after you post a negative online review of your transaction, does that make your original comment any less valid? According to Angie Hicks of crowdsourced review site Angie’s List, once your dispute with a company is resolved, you should only be allowed to say nice things about the company. [More]

People Holding Onto RadioShack Gift Cards Can Now File Refund Claims

People Holding Onto RadioShack Gift Cards Can Now File Refund Claims

If you’re one of millions of consumers holding on to an older RadioShack gift card, listen up: the retailer has begun the process of issuing refunds for the balance of those cards — totaling $46 million.  [More]

Steven Depolo

Regulators Take Action Against Online Lender For Deceiving Borrowers On Default Charges

When a company’s name has the word “integrity” in it, you may assume it’s a wholesome, truthful operation forthcoming with information that its customers would find beneficial. That apparently wasn’t the case with Integrity Advance, as federal regulators accused the short-term online lender of deceiving borrowers about the true cost of its loans.  [More]