Consumer Protection
Federal Reserve Proposes New Rules For Credit Card Issuers
This past Friday, May 2, 2008, the Federal Reserve Board proposed rules designed to limit unfair practices regarding credit cards and overdraft services. Among other provisions, the rules would protect consumers from unexpected increases in the rate charged on pre-existing credit card balances.
The rules also would prohibit so-called “two-cycle” billing, would require [...]
Your Next Debt Collection Call May Come From India
Just when you thought a debt collector was calling from America, it turns out, that call is more likely than not from India. That is right, you may be getting a telephone call asking you to pay a delinquent bill straight from Gurgaon, India. These bill collectors sit in cubicle farms thousands of miles away, [...]
BlueHippo, Seller Of Computers On TV, Agrees To Pay Consumers
According to the Baltimore Sun, Maryland retailer BlueHippo has reached an agreement with the FTC to pay consumers up to $5 million to settle charges that it improperly took money from customers without providing the promised electronics.
Consumers will receive a claim form from the FTC if they:
Entered into a contract with Blue Hippo before March [...]
