report

Akira Ohgaki

Report Claims Amazon’s List Prices Mislead Shoppers About Discounts

One aspect of shopping on Amazon is that the online retail giant appears to offer significant discounts on many of the items it sells. However, a new report alleges that these markdowns not as generous as they appear, and that many of them are effectively nonexistent.  [More]

Subway Suing Over News Story Claiming Its Chicken Is Largely Soy

Subway Suing Over News Story Claiming Its Chicken Is Largely Soy

Subway has already vehemently denied a recent Canadian news report alleging that the sandwich chain’s chicken is only 50% meat, but the company is now going a step further, accusing the broadcaster of defamation and seeking hundreds of millions of dollars in damages. [More]

Jeff

More Than 1.1M Federal Student Loan Borrowers Entered Default Last Year

With the cost of college tuition continuing to increase, it likely comes as no surprise that more borrowers are finding themselves in default. In 2016 alone, 1.1 million borrowers entered default for their federal student loans.  [More]

Mike Mozart

Lawmakers Urge In-Depth Review Of Santander Bank’s Practices After Discrimination Allegations

Santander Bank has faced a number of issues in recent years, from an investigation into its auto loan business to receiving a $10 million fine over alleged illegal overdraft practices. More recently, the company received a failing grade from regulators when it came to its community lending business, prompting lawmakers to condemn the bank’s alleged discrimination and urge federal banking regulators to review the financial institution’s practices. [More]

frankieleon

People In Southern States More Likely To Be Saddled With Medical Debt

While expensive medical emergencies can hit anyone, anywhere in the U.S., a new report finds that one region of the country has a higher level of medical debt than the rest of the states. [More]

Jason Cook

Chance Of Cardiac Event Jumps By 23% Two Days After Major Snowstorm

Whether it’s overexertion from shoveling snow, the stress of being stuck inside, or any number of other possible causes, a new study shows that the chance of a cardiovascular-related hospital admission significantly increases two days after a major snowstorm. [More]

Steven Depolo

1-In-4 Consumers Contacted By Debt Collectors Feel Threatened

More than 70 million Americans are contacted by a debt collector or creditor each year. While those debt collectors have a job — to get borrowers to repay on their overdue debts — some have used illegal tactics, such as threatening lawsuits, arrests, or contacting consumers’ employers or family members. Now, a new report by the Consumer Financial Protection Bureau finds that harassment by these collectors is all too common.  [More]

frankieleon

Hotels Harm Consumers By Not Including ‘Resort Fees’ In Room Rates

Staying in a hotel comes at a price — there’s the room rate, service charges, taxes, and hotels are increasingly taking on “resort fees” to cover amenities like internet access, parking, gym, spa, and pool — even if you never use them. These fees, which can significantly increase the total cost of a room, are almost never included in the advertised price and are often minimized or omitted until it comes time to actually book your stay.
[More]

frankieleon

Lawsuit: Government Illegally Garnishes Disability Benefits To Repay Student Loans

Earlier this month, a Government Accountability Office report found that $171 million was garnished from older Americans’ Social Security benefits in order to repay federal student loan debts. Now, one of those borrowers is suing several government agencies accusing them of taking money from his monthly disability checks despite the fact he was eligible for a student loan discharge.  [More]

Hammerin Man

Many For-Profit Colleges Get More Than 90% Of Funding From Federal Government

For-profit colleges operate under the so-called “90/10 Rule,” which states that a school can’t receive more than 90% of its revenue from the federal government. However, there’s a loophole that does not count certain military-related education funds — like the GI Bill — against that 90%, meaning these schools can go over that 90% threshold without violating the 90/10 Rule. And according to a new report, hundreds of for-profit schools are indeed getting nearly every dollar of their funding from taxpayers. [More]

(Daniel Lobo)

Report: $171M Garnished From Older Americans’ Social Security To Repay Student Debt In 2015

It can take years, even decades, for student loan borrowers to repay their debts. To that end, a new report has found that tens of thousands of older adults – including senior citizens – continue to be saddled with mountains of student debt later in life, often having their government benefits cut to repay the costs.  [More]

(Mike Mozart)

Labor Group: High-Pressure Sales Goals Led T-Mobile Workers To Add Services Customers Didn’t Want

Selling consumers services they don’t need is nothing new; recent examples include Wells Fargo’s fake account fiasco and Office Depot’s computer virus scanning program. Now, a labor group has filed a complaint with federal regulators accusing wireless carrier T-Mobile of using similarly aggressive sales goals, driving employees to enroll users in services they don’t actually want or never asked for.  [More]

Mike Mozart

Surgeon General: E-Cigarette Use By Young Consumers Is A “Major Public Health Threat”

Months after the Food & Drug Administration finalized rules that treat e-cigarettes like traditional cigarettes and cigars, including banning the sale to minors, a new report from the U.S. Surgeon General suggests the regulations may be too little too late, as use of the alternative tobacco products has skyrocketed among younger consumers, posing a public health threat. [More]

Tim schreier

Student Loan Repayment Programs Will Eventually Forgive $108B In Debt

While several recent reports have suggested that many student loan borrowers face needless hurdles when trying to reduce their monthly payments through the Department of Education’s income-driven repayment plans, a new study has found the programs are working and will eventually forgive $108 billion in outstanding student debt.  [More]

(funky_abstract)

New Emissions-Cheating “Defeat Device” Reportedly Found In Audi Vehicles

Volkswagen’s recently approved $15 billion settlement with the U.S. government was seen by some as the final chapter in the carmaker’s “defeat device” emissions scandal, but officials in California may have found evidence that VW used a second device to skirt carbon dioxide emissions restrictions in certain of its Audi vehicles. [More]

(Carbon Arc)

People Waste A Lot Of Time Picking What Videos To Stream; Still Prefer It To Live TV

Once upon a time, we wandered the aisles of the local video, unable to make up our mind about which movie to rent. It was a waste of time, but it was usually better than whatever was airing on TV that night. Now the technology has changed, but we still spend an awful lot of time trying to find something that isn’t live TV.
[More]

Australia's 7 News

Apple Investigating Report Of iPhone 7 Catching Fire

While we’ve heard numerous reports of Samsung smartphones and tablets overheating and catching fire — sometimes destroying property and injuring customers — now Apple is on the receiving end of at least one similar report.  [More]