| Volume 35 Number 1 |
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The People’s Lawyer’s Tip of the Day
When shopping be sure to keep an eye on the register. Don't assume that just because a product is scanned, the amount is correct. Scanners are not always properly programmed to include sales and special deals, and often make errors. Click here for more.
Beware of Bogus Auto Warranties
Recently, consumers have been complaing about telephone and mail solicitations for their "auto warranty." These scam artists start off by warning the consumers that their auto warranty is on the verge of expiring. In fact, your auto warranty may not be expiring at all. In order to sound more plausible, these companies capitalize on current events. Specifically, many of these companies will falsely suggest discounts are available on the warranties as a result of President Obama's stimulus package. Don't get sucked in to the scam! Find out how to make the calls stop and report scams. Click here for more.
State Laws Make Foreclosure Crisis Worse
At the heart of the economic crisis is the foreclosure crisis. With the cry for help coming from consumers nationwide, just how much can the federal government help? A recent study found some staggering statistics. In every state but California and Connecticut, mortgage holders can move directly to foreclosure with no requirement of seeking alternative means of satisfaction - like adjusting the terms of the loans. In 39 states, mortgage holders can go after "deficiency judgments." These judgments account for the difference between the amount received in auction and the amount due on the loan. These examples are only a few of the many out-dated state laws that exist across the nation. Find out what law applies in your state! Click here for more.
AIG to Receive More Aid
It has just been announced that AIG will receive up to $30 billion more in Federal aid. AIG continues to struggle and is on the verge of announcing a $60 billion loss this quarter. As a result, the Federal Government had to step in for a fourth time to help AIG stay afloat. Will the unusual measure help AIG in the long run? Click here for more.
Your Money
How much of my bonus do I keep after income taxes? Click here for more.
For the Lawyers
Arbitration Agreement With Small Claims Option Held Not Unconscionable. A federal district court in West Virginia has held that an agreement in a cell phone service plan that requires parties to either arbitrate or pursue actions in small claims court is not unconscionable merely because it precludes bringing actions for large sums to trial. Click here for more.