| Volume 30 Number 10 |
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The People’s Lawyer’s Tip of the Day
Writing a check when you do not have enough money in the bank is criminal and criminal charges may be filed. Stopping payment on a check because you are dissatisfied with the goods or services purchased is not, provided the money would have been available to pay it if payment had not been stopped.
Social Security Benefits to Rise
Those social security checks are about to get bigger! Benefits are set to increase 5.8% next year. The increase is the largest in over twenty-six years. A typical check will increase from $1,090 to $1,153. How much will the increase help? What can you expect in the future? Click here for more.
Potentially Dangerous Cribs Face Recall
Following the death of an infant, federal regulators have announced a recall of 1.6 million drop-side cribs. This includes 985,000 Delta Enterprise cribs, manufactured in Taiwan or Indonesia, that include the "Crib Trigger Lock with Safety Peg" drop-side hardware design. The recall dates span over a decade. Should you be concerned? Click here for more.
Feds to Buy Commercial Paper
In it's latest move, the Federal Reserve announced it will start buying commercial paper from money market mutual funds. Commercial paper is crucial to continue day-to-day operations through short-term funding. The move comes as the latest attempt to create stability and confidence on Wall Street. Click here for more.
Frequent Flyer Miles - When to Cash Out
Consumers can earn frequent flyer miles anywhere these days. Whether you're buying groceries or staying at a nice hotel, you know you don't actually have to fly to earn miles. As a result, it will become more and more difficult to use miles for that special "trip to Hawaii." With gas prices inflating the cost of travel, now might be the time to cash in those miles. In fact, using your miles now might help you maximize their value while helping you beat the higher fares. Find out why! Click here for more.
Your Money
You've heard the Presidential candidates talk about taxes. Before you know what they can do for you, find out where you stand now. Use this calculator to find out your tax bracket! Click here for more.
For the Lawyers
Bona fide error defense in federal debt collection law applies to mistakes of law. The Sixth Circuit has held that a creditor may be relieved from liability under the FDCPA based on a bona fide error as to the "ever changing" body of law. Click here for more.