Headline News Archive

2023

March

27

• Consumer advocates seek to protect money transfer victims of fraud. The caller said the bank had spotted fraudulent activity on her account. Hurt checked her banking app and found an unapproved charge.The man walked

25

• How Cigna saves millions when its doctors reject claims without reading them. Cigna medical directors do not see any patient records or put their medical judgment to use, said former company employees familiar with the system. Instead,

15

• Here’s what deposit insurance covers. If you are unsure whether your money is federally insured, use the FDIC’s tool, the Electronic Deposit Insurance Estimator. It helps consumers figure

13

• Insurers slashed Hurricane Ian payouts insiders reveal. After years of more frequent and intense storms, national insurance carriers have pulled back from the market and smaller, regional carriers with smaller financial reserves

February

28

• Supreme Court hears challenges to student loan forgiveness. The Supreme Court is hearing arguments over the legality of the Biden administration’s plan to wipe out more than $400 billion in student debt

21

• Why the South has such low credit scores. Almost every corner of America’s most populous region — every race, every income bracket — appears to have low credit scores. The reason

• FTC charges GoodRx with illegally disclosing customer health information. Federal regulators have accused the California-based discount drug and telehealth provider with violating federal law by “failing to notify consumers” about its &ldquo

06

• Even after you bought a car, dealerships can 'yo-yo' you and take it back. A full three weeks after they bought the car and took it home, they got what's called "yo-yo'd." "I received

January

26

• White House unveils Renters Bill of Rights. The Biden administration is releasing a “Blueprint for a Renters Bill of Rights” that highlights the need for clear and fair leases, the

23

• NJ bill would require digital-only coupon alternative. As more and more stores transition to only offering coupons online or in an app, consumer advocates say that seniors and low-income shoppers, who often

18

• Annoyed by grocery store loyalty apps? How to save anyway. You’ve seen the ads proclaiming, “Go digital and save even more!” To do this, though, you must have a smartphone. According

10

• Biden’s new student loan repayment plan. Federal student loan borrowers could pay less money toward their debt and shorten the path to forgiveness under the terms of the Biden administration&rsquo

05

• A breach at LastPass has password lessons for us all. LastPass, the maker of a popular security program for managing digital passwords, published details about a recent security breach in which cybercriminals had obtained copies

2022

December

29

• Big e-vehicle tax credit possible early next year. People who want to buy an electric vehicle could get a bigger-than-expected tax credit come Jan. 1 because of a delay by the Treasury Department in

• What to know about Southwest flight refunds and lost luggage. How do I get a refund from Southwest? The airline has set up a dedicated website for travelers to request a refund: Southwest.com/traveldisruption.

22

• Here's how Congress wants to overhaul retirement plans. Intended to boost retirement savings and access to 401(k) and individual retirement accounts, the Secure Act 2.0 is aimed at low- and middle-income workers, those strapped

20

• Wells Fargo to pay $3.7 Billion over consumer banking violations. The Consumer Financial Protection Bureau (CFPB) said Wells Fargo did not record customer payments on home and auto loans properly, wrongfully repossessed some borrowers’

19

• Epic games to pay $520 million over children’s privacy and trickery charges. The Federal Trade Commission announced a $520 million settlement with Epic Games, the developer of popular video games like Fortnite and Fall Guys, over charges that

• Victims of wire-transfer fraud reveal how they lost thousands to scammers. According to the FBI, about $2 billion is lost annually to wire-transfer fraud. Some cases involve newfangled payment apps, such as Zelle, while others rely on

• How Medicare Advantage plans overcharged taxpayers by millions. Medicare reimburses Medicare Advantage plans using a complex formula called a risk score that computes higher rates for sicker patients and lower ones for healthier

13

• 3 ways student borrowers were protected in 2022. The Biden administration’s new Borrower Defense to Repayment rule protects students from repaying their federal student loans if those loans “were taken

• The age of free online returns is ending. Retailers have subtly discouraged multi-size ordering — a process known as bracketing — and returns in general by omitting shipping labels from delivery packages even

November

23

• Student loan debt repayment pause extended. The Biden administration is extending its student loan repayment pause — which was set to expire at the end of the year — into 2023 while

17

• Consumer groups want grocers to ditch digital-only deals. A coalition of consumer groups is asking grocery chains to rethink their digital-only coupons, saying the deals discriminate against people who don’t have

14

• U.S. fines airlines $7.5 m and they must refund customers for cancelled flights. Secretary of Transportation Pete Buttigieg announced that the department is assessing fines totaling $7.5 million against six airlines, and the DOT is ordering those airlines to