American companies are using unfair and deceptive practices as they sell many consumer financial products, the CFPB said in a report. For example, auto lenders have originated loan balances above the real value of the car being purchased and engaged in illegal collection practices while servicing these loans.
As summer is winding down, you’d think back to school sales would be the best bet for deals. However, it also brings free cookies, tax free shopping, deals on garden tools, and more. Here’s what DealNews.com suggests as the best bargains to look for in August: National Chocolate Chip Cookie Day deals on Aug. 4.
Over the years, I’ve seen hundreds, maybe even thousands, of ads on Facebook. To me, it doesn’t seem like a very good place to be placing orders. You have no idea about the reputation of the companies. In the spring, I succumbed. I ordered a “jacket” for my sister for her birthday. I also ordered one for me. The ad said orders would be received promptly.
To help consumers, the Biden administration is cracking down on junk fees, price gouging on food, and mergers. President Biden announced the actions Wednesday the day before the fifth meeting of White House Competition Council, appointed in 2021. The council is made up of 10 cabinet members and the heads of seven agencies.
Another big bank is being exposed for corporate fraud. Bank of America will pay more than $100 million to customers for double-dipping on fees imposed on customers with insufficient account funds, withholding reward bonuses promised to credit card customers, and misusing personal information to open accounts without customers’ knowledge.
Winning the Publishers Clearing House sweepstakes seems like a dream that you wish could happen to you when you see the TV ad. However, PCH has been deceiving people for decades. It used language and designs on its website and in its email marketing that tricked consumers into believing they had to buy things on the PCH website to enter a sweepstakes.
It’s hard to believe that the July Fourth sales are coming up. It seems like the Memorial Day sales were just yesterday. July Fourth is a huge shopping holiday in the United States and marks the middle of summer. Look for the sales to begin far in advance of July Fourth. DealNews.com offers these tips for the July sales:
Most people rely heavily on online shopping. However, with lots of screens before you get to check-out, you could sign up for a service without knowing it. Then, it can be difficult to cancel. For years, Amazon.com enrolled consumers into its Prime program without their consent while making it hard for them to cancel, the FTC charged.
Genetic testing, where a company examines your DNA, often from a saliva sample, and sends you a report about your family background or your likelihood for developing certain health conditions, is all the rage. It sounds like a great idea, but can you trust a company when it promises to keep your sensitive DNA data private?
