Your home is your biggest investment. Therefore, it is critical to take all necessary precautions when you are buying a home to ensure you are making the right financial decision. One is hiring a home inspector. A home inspection can give you information that is useful in negotiating repairs into the purchase contract, obtaining a … Continued
The “Real World Stories” in our latest Consumer Complaint Survey Report include examples of problems with retirement communities and assisted living facilities. As the Baby Boomers age, we may see more of these kinds of complaints in the future. In one case, a Massachusetts woman paid $470,000 to move into an assisted living facility. When … Continued
An Ohio mom drops her son off at a sleep-over camp in Pennsylvania. The next day, she answers her cell and hears a weeping child say, “Mom, Mom, you have to help me.” Between sobs, he tells her that he’s been beaten up and has been taken to a warehouse. Then a man gets on … Continued
Online shopping: we all do it. It’s easy, convenient and often more affordable. It’s also just as easy and convenient for fraudsters to steal your hard-earned money or information on the web. No matter what site you’re using to shop, there is always a risk of your information being compromised or buying from an untrustworthy … Continued
Washington, D.C. – Along with 14 other consumer advocacy groups, CFA sent a letter to the U.S. House of Representative urging them to vote “Yes” on three bills aimed at protecting consumers from preventable injuries and deaths. The three bills the groups support are: The Nicholas and Zachary Burt Carbon Monoxide Poisoning Prevention Act of … Continued
It’s January and you’re looking to start the year off right with a tried and true New Year’s resolution: Go to the gym. By March, you may not be as dedicated to keeping that resolution or going to the gym at all. So, after much alarm-snoozing and rationalization, it’s time to cancel your gym membership. … Continued
More than a decade after Fannie Mae and Freddie Mac were placed into conservatorship at the height of the financial crisis, the Trump Administration’s Treasury Department on September 5 released its long-awaited report on mortgage finance reform. Importantly, the report endorses a government role in supporting long term fixed rate mortgages and a federal guarantee … Continued
Bots are computer programs that account for roughly 48% of all traffic to thousands of websites. Whether consumers are faced with good bots (e.g., indexing sites for Google) or bad bots (e.g., SPAM bots) matters greatly to consumer choice and purchasing behavior. According to a Nielsen study, two-thirds of consumers say they trust user reviews … Continued
Foodborne Illness Investigation Exposes Weakness in Meat and Poultry Inspection System A recent outbreak of multi-drug resistant Salmonella Newport has drawn attention to fatal flaws in the nation’s meat and poultry inspection system. The outbreak has resulted in at least 60 hospitalizations and two deaths so far. Weak regulations hamper authorities’ ability to identify and … Continued
Leasing a car simply means that you have the right to use it for an agreed number of months and miles. Leasing is not buying! One of the attractions of leasing a car is that the amounts of your down payment and monthly payments are typically lower than if you borrow to purchase a similar … Continued
You want to sell your timeshare, but have been unsuccessful. The reality is that the market is flooded and any potential sale may come at a financial loss. Naturally, an offer from a “timeshare reseller” who promises an immediate, lucrative sale is hard to resist – and scammers know it. Learn how to spot and … Continued
When you are buying a used car, getting the answers to these questions before you commit can save you money and aggravation down the road. Am I choosing a reputable dealer? Research consumer complaints with your state’s Attorney General’s Office (found through www.naag.org) and the Better Business Bureau (www.bbb.org), and through internet searches. Is the … Continued
We’ve all been there before. You get in your car and turn the ignition, but it will not start. Not today! Any day but today. With a little luck the car finally starts. But now where should you take the car for a mechanic to do a diagnostic? With a little planning you can be … Continued
CFA issues a letter responding to the Insurance Information Institute (III) and the Casualty Actuarial Society’s (CAS) recently issued a paper on auto insurance rating factors, which was triggered by the “recently generated discussion within the United States” on “the use of some rating factors.” The paper, Insurance Rating Variables: What Are They and Why … Continued
Imagine this: You’re on your way to your favorite store with a gift card you plan to use, but when you arrive, the doors are locked, the lights are off, and a big “CLOSED FOR BUSINESS” sign is in the window. Now what? Gift cards are convenient and make for great gifts, but you can … Continued
Insurers Penalize Low-Income Drivers Who Upgrade Policies The nation’s largest auto insurance companies usually charge more for auto insurance to shoppers who currently have a minimum limits liability policy than companies charge to those who have previously purchased higher limits insurance, according to new research published last month by CFA. CFA called on state insurance … Continued
As consumer habits have shifted towards e-commerce, deliveries have become increasingly targeted by thieves. In fact, USA Today reported that in 2017, 30% of Americans experienced package theft. However, even traditional mail is not safe from thieves. These thefts occur throughout the year, but often escalate during the holiday season. Two common scams that you … Continued
That’s a common question that consumers ask state and local consumer agencies. Here’s what you need to know to stand up for your rights effectively. What kind of tenant am I? First you need to know what kind of tenant you are! To a certain extent, your rights depend on whether you are a “tenant … Continued
If you’ve recently received a call from someone claiming to be with the Social Security Administration, you’re not alone. The current Social Security scam is a version of the impostor scam, which involves scammers representing themselves as government employees in order to access your personal and/or financial information. Typically, the scam starts when a consumer … Continued
Purchasing an electric scooter or wheelchair can improve the quality of your life, but making an informed decision may mean the difference between increased mobility and getting stuck with an expensive product you can’t use. Here are some things to consider before making a purchase: Make sure you’re purchasing directly from a trusted source, like … Continued
Congress Urged To Suspend DHS Use of Face Recognition Technology In a joint letter to the House Committee on Homeland Security, several dozen consumer, privacy and civil rights groups, including CFA, urged Congress to suspend the Department of Homeland Security’s (DHS) use of facial recognition technology on the general public. According to the groups, the … Continued
Consumer demand for environmentally sound products has recently grown. As a result, many companies in various industries have attempted to capitalize on this trend. However, do the claims of “caring about the environment” or putting a green leaf on a product really mean the products are environmentally sound? The practice of conveying a false impression … Continued
We all need electrical power to run our modern homes, appliances and internet gadgets. However, how we get power to our homes has been evolving with technology changes. Many consumers are becoming more eco-conscious with their choices and some are demanding a smaller carbon footprint. Another attraction of solar power is the potential to save … Continued
Consumer Action and Consumer Federation of America respectfully submit these comments asking the Federal Communications Commission (FCC) to pause both the scheduled update to the minimum service standard for Lifeline-supported mobile broadband service and the scheduled reduction in the support amount for Lifeline-supported mobile voice service, both of which would otherwise take effect on December … Continued
So many interesting issues emerged from this year’s survey of state and local consumer protection agencies that it’s impossible to list them all. Here are some of my key takeaways based on information from the survey report. Payment methods in fraud continue to evolve. This year we heard about crooks asking people to send them … Continued