Hello Digit, a financial technology company that used a faulty algorithm that caused overdrafts and overdraft penalties for customers, is being required to return money to consumers and pay a fine of $2.7 million. Hello Digit was supposed to save people money, but instead cost consumers money.
Back-to-school shopping can be stressful for families and rising costs add to the tensions. However, if you get caught up in a scam, things will get worse fast. If you like the convenience of online school shopping, watch out for these problems:
Access to hearing aids is being improved, which may lower costs for millions of Americans. The FDA issued a rule Tuesday that establishes a new category of over-the-counter hearing aids, enabling consumers with mild to moderate hearing impairment to purchase hearing aids from stores or online retailers.
For more than a decade or two, I’ve been a Verizon customer. While its service has been fine, Verizon hasn’t been willing to offer me a deal on a new iPhone. I did research and decided an iPhone 12 would better meet my needs.
As the Senate considers the Inflation Reduction Act, corporations that have profiteered throughout the pandemic are getting worried that they may have to pay their fair share in taxes, a corporate watchdog group Accountable.US said in its weekly newsletter.
August marks the beginning of the end of summer, as well as a new school year. While it may seem like it’s only a good time to buy pencils, notebooks, and backpacks, August is much more than back to school sales. It brings tax free shopping, deals on summer clothing, garden tools, and much more.
Opendoor promised consumers they’d make more money selling a home to them than they’d make on the open market. However, that wasn’t the reality, according to the FTC. Opendoor promoted itself as tech company that uses its pricing technology to offer more accurate offers and lower costs.
After raising prices five times in the past year, General Mills, a corporate giant that manufacturers and markets packaged foods, saw its fourth quarter profits jump 97 percent to $823 million. For its 2022 fiscal year, the company’s profits rose 16 percent to $2.7 billion.
In states that allow high-cost loans, excessive interest rates can trap borrowers in a cycle of debt. Caps on interest rates and loan fees are the main way states can protect consumers from predatory lending. Forty-five states cap interest rates and loan fees for some consumer installment loans, depending on the loan size.
