It’s the holiday season and Christmas Day will be here soon. For more than a year now, I’ve been writing a newsletter offering readers 10 money tips every week. The response has been very positive. I scour a variety of websites to look for the latest information to help consumers make wise financial decisions.
Among the biggest news from last week’s recalls is a portable generator that can amputate fingers. Generac and DR 6500 Watt and 8000 Watt portable generators have caused 37 injuries, 24 resulting in finger amputations and five in finger crushing, according to reports to Generac.
I just wanted to write and let you know today about what’s going on with my newsletter. I scour personal finance websites every week to find the best tips for people to use in their personal finance lives. I’ve been getting a lot of positive feedback on it. Recently, J. Money of Budgets Sexy took a look at my newsletter.
Residential Elevators Inc. is recalling about 31,000 home elevators. Young children can be trapped in the space between the exterior landing or hoistway door and the interior elevator car door or gate if there’s a hazardous gap. They can suffer serious injuries or death if caught in the gap when the elevator is called to another floor.
Caregivers can’t be pursued over friends or family members’ debts from nursing home facilities. A report by the CFPB gives examples of how this illegal debt collection affects consumers: A daughter: The nursing home sent my name to the collection agency as if this was a debt accumulated by me.
Roomster and its owners are being sued by the Federal Trade Commission and six states alleging that the room and roommate finder platform posted reviews and other information that was false. The lawsuit announced Tuesday charges that Roomster posted fake positive reviews and made deceptive claims about its listings.
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.
Schneider Electric is recalling about 1.4 million Square D QO Plug-on-Neutral load centers, also known as breaker boxes and electrical panels, in the United States and 289,000 in Canada. The electric panels can overheat, posing thermal burn and fire risks. The firm has received one report of an incident of a loose wire.
College debts are one of the largest financial burdens for Americans. They make up the second highest type of household debt after mortgages, totaling $1.61 trillion. That’s about $37,000 per borrower. High balances with payoff times that lasts into middle age force graduates to delay other financial goals.
