Wednesday, September 21, 2016

Wells Fargo Pays Biggest Fine Ever to CFPB for Setting Up Fraudulent Accounts



Imagine discovering that your bank has been moving your funds into a bank account you never authorized. Or worse, a credit card account. Wells Fargo is under the Consumer Financial Protection Bureau’s microscope after its community banking division was caught opening fraudulent accounts at its customers’ expense.

Wednesday, September 14, 2016

Samsung Galaxy Note 7 Explosions Prompt Recall



Imagine bringing home a brand new smartphone, plugging it in to charge, and having it explode or catch on fire. That’s what happened to over 30 buyers of the new Samsung Galaxy Note 7. Now Samsung has halted sales and instituted an unofficial recall worldwide.

Wednesday, September 7, 2016

Michigan Man Sues Toyota Over Plug-In Hybrid Range



How far should a plug-in hybrid be able to travel on all electric power? One man is suing Toyota over its claims that the 2012 Prius was good for 13 miles of all-electric driving, claiming the actual numbers fell far short.

Wednesday, August 31, 2016

Selling Your Car on Craigslist? Don’t Fall for This Scam



Craigslist is notorious for the scammers who use it. Whether it’s a person selling an item for far more than it is worth, or shady financial assistance, it seems like there is always a new Craigslist scheme. But it’s not just buyers who should beware of anyone making promises online. The latest Craigslist scam targets vehicle sellers, and could leave them holding a loan, but no car.

Wednesday, August 24, 2016

Amusement Park Ride Accidents Raise Doubts on Carnival Safety



Two amusement park ride accidents within two days have left four children seriously injured. The closeness of the two crashes leave some doubting carnival safety, and others calling for tighter regulation of amusement park companies.

Wednesday, August 17, 2016

What You Need to Know about the New Payday Loan Rules



On June 2, 2016, the Consumer Financial Protection Bureau issued proposed rules to regulate the payday loan industry. These rules close the traps that many low-income residents find themselves in when money runs short. Here’s what you need to know about the new payday loan rules, and why they are necessary.

Wednesday, August 10, 2016

Squirrel Cooking Fire Not Covered by Michigan Consumer Protection Act



The Michigan Consumer Protection Act is a broad statute designed to shield consumers from a lot of wrongful conduct by the companies they work with. But even the MCPA can be stretched too thin. For example, a recent court case held that the consumer protection law did not protect a renter from paying for damages caused by a squirrel cooking fire.