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Skechers comes to $40 million settlement with FTC over sneakers
It turns out wearing sneakers - without exercising - won't get you in shape. Skechers USA has agreed to a $40 million settlement with the Federal Trade Commission for making that claim. The shoe company had claimed its Shape-ups sneakers would help...
Tags: Reebok Ltd., Kim Kardashian, Physical Fitness and Exercise, Skechers USA Incorporated
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Md. bans yo-yo financing of car purchases, but it still happens
Yo-yo financing is what happens when you drive off the lot with your newly purchased car, only to be reeled back in days or weeks later by the dealer because the financing didn't go through. Your choice: Return the car or keep it and accept less-...Tags: Lawyers, Loans, Money and Monetary Policy, Vehicles, Justice System
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Stopping thieves before they steal your child's identity
As concern grows over child identity theft, Maryland is considering legislation that would make the state the first in the nation to protect a youngster's credit report. Minors aren't supposed to have such reports because they're too young to get credit....Tags: Personal Data Collection, Organized Crime, Fraud, Netherlands, Theft
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Fraudulent schemes? There are enough out there to fill a book
Joyce Brown of Brooklyn Park receives lots of blatantly bogus letters claiming she won millions or billions of dollars in a lottery, but the one that arrived about a week ago was different. The letter contained a check so real-looking, the 78-year-old...Tags: Lotteries, Brooklyn Park, Sales, Fraud, Business
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CVS Caremark settles deceptive pricing charge for $5 million
The Federal Trade Commission announced that CVS Caremark Corp. agreed to pay $5 million to settle a complaint that it misinformed seniors about the price of certain Medicare Part D prescription drugs sold through CVS and Walgreens pharmacies.
The...Tags: CVS Corp., Prices, Government Health Care, Corporate Crime, Medicare
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Wish list for new director of Consumer Financial Protection Bureau
To: Richard Cordray, Director
Consumer Financial Protection Bureau
Dear Mr. Cordray:
First, congratulations on your appointment to lead the Consumer Financial Protection Bureau.
Unless the banking interests have their way, your appointment is expected...Tags: Richard Cordray, Teaching and Learning, Money and Monetary Policy, Finance, Credit and Debt
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One more no-haggle car-buying tip
This weekend I wrote about tips for buying a car, including hiring a non-profit to do the negotiating for you. Reader Terry Shepard offered another no-haggle tip:
“…There is (or at least used to be) one additional way to avoid haggling on...Tags: Mergers, Acquisitions and Takeovers, Passenger Cars, AAA, Vehicles
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Debt collectors, other businesses want to call your cellphone
That unfamiliar incoming call to your cellphone soon might be from a debt collector. Cellphones are largely off-limits to collection agencies, but proposals by the White House and Congress could change that. Supporters say regulations have not kept up...Tags: Barack Obama, Loans, Judges, Finance, Air Transportation Industry
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FTC: Reebok to pay $25 million for deceptive advertising of toning shoes
Reebok spokesman Dan Sarro responded to the FTC settlement:
"We stand behind our EasyTone technology – the first shoe in the toning category that was inspired by balance-ball training. Settling does not mean we agree with the FTC’s...Tags: Advertising, Reebok Ltd., Federal Trade Commission Bureau of Consumer Protection, Consumers
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Maryland auto dealer tells industry side of the story
On Sunday, I wrote about the Federal Trade Commission’s fact-finding mission into the consumer experience of buying, leasing and financing a car. The FTC is trying to decide whether current consumer protections are enough, or whether more...Tags: Passenger Cars, Vehicles, Consumers
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Even savvy consumers can find it tough to negotiate car sales
Most of us don't buy cars all that often. So when we do, we can come away with that nagging feeling of not knowing whether we got a fair deal or grossly overpaid.
"We don't negotiate much at all as Americans, so suddenly we find ourselves negotiating for...Tags: Entertainment Events, Mergers, Acquisitions and Takeovers, Computing and Information Technology Industry, Physical Fitness and Exercise, Car Repair and Maintenance Tips
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A push for more proof in debt-collection lawsuits
Marquis Jones doesn't believe she owes money on a credit-card account that a debt-buying company sued to collect from her.
More importantly, though, the firm never proved she did.
But because the Severn woman wasn't given notice of the lawsuit —...Tags: Hospitals and Clinics, Encore Capital Group Incorporated, Judges, Bankruptcy, Trials
May 16, 2012
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Apr 10, 2012
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Feb 19, 2012
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Dec 5, 2011
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Jan 12, 2012
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Oct 31, 2011
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Sep 26, 2011
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Sep 28, 2011
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Nov 3, 2011
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Oct 29, 2011
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Jul 24, 2011
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