Higher One’s Student Debit Cards Target of Class Action Suit

Higher One’s Student Debit Cards Target of Class Action Suit

Soaring student loan debt is mostly measured in outstanding balances, but there are companies aligned with the nation’s public universities that charge student additional fees for accessing financial aid refunds ...
Prepaid Cards to See First-Time U.S. Rules: Consumer Agency

Prepaid Cards to See First-Time U.S. Rules: Consumer Agency

Prepaid cards that can be reloaded and often carry a litany of hidden fees are about to get their first dose of U.S. regulatory oversight, just as the market for such a payment method is surging. The Consumer Financial ...
Consumers Can Scoop Up Refunds for Two Oreck Products: FTC

Consumers Can Scoop Up Refunds for Two Oreck Products: FTC

Thousands of consumers who purchased two home cleaning products from Oreck Corporation will receive refunds because the company’s ads allegedly made false and unproven claims, according to the Federal Trade Commission. Oreck ...
Television personality Brooke Burke appeared in a Shape-ups commercial touting the shoes' beneficial effects on fitness and appearance.

Skechers to Pay $40M for ‘Deceptive’ Toning Shoe Ads

Skechers USA has agreed to pay $40 million to settle charges of deceptive ads and making false claims that “Shape-ups” would help people lose weight, and strengthen and tone consumers’ buttocks, legs and ...
Consumer debt

Debt Collection Scheme Eyed Magazine Subscriptions: FTC

Operators of a debt collection scheme that allegedly sought payment for bogus magazine subscriptions have settled with the Federal Trade Commission. The proposed settlement, filed by the Justice Department on behalf ...
Airlines Post Record Best On-Time Arrival Rate in 1Q

Airlines Post Record Best On-Time Arrival Rate in 1Q

In the first three months of 2012, the nation’s largest airlines posted their best on-time arrival rate for the first quarter of any year since the U.S. government began collecting comparable flight delay ...
FTC Shuts ‘Your Own Website’ Biz Opp Scheme

FTC Shuts ‘Your Own Website’ Biz Opp Scheme

Promoters of an “own-your-own” website business opportunity falsely promised consumers would earn thousands of dollars in commissions from online purchases, according to the Federal Trade Commission. A ...
FCC Warns of Prepaid Calling Card Schemes, Hidden Fees

FCC Warns of Prepaid Calling Card Schemes, Hidden Fees

Despite the proliferation of cell phones and face-to-face online connectivity, prepaid calling cards are still around, and so are the schemes that prey on unsuspecting consumers, many of them low-income residents, ...
Consumer Agency Seeks to Simplify Mortgage Points, Fees

Consumer Agency Seeks to Simplify Mortgage Points, Fees

The U.S. Consumer Financial Protection Bureau has outlined a proposal to simplify mortgage points and fees offered to borrowers and bring greater transparency to the loan origination market. One of the proposal’s ...
IRS Watchdog Finds 1.5M Undetected Bogus Refunds

IRS Watchdog Finds 1.5M Undetected Bogus Refunds

The watchdog over the U.S. Internal Revenue Service said the IRS did not catch at least 1.5 million bogus tax refunds in 2010, and that illustrates the scope of identity theft-driven fraud that goes undetected every ...
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