| Volume 35 Number 5 |
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The People’s Lawyer’s Tip of the Day
The National Highway Traffic Safety Administration now makes available safety recall information on vehicles, tires, and child safety restraints electronically. Sign up for an email that will provide all recalls issued by NHTSA in the last seven days. Click here for more.
American Express Counting Cards
In an unusual occurrence, American Express is going out of it's way to eliminate many of it's consumers. During the economic boom, American Express extraordinarily well. American Express spent an abundance of money to attract new customers during the boom, seeing card use grow a remarkable 15% annually during that time. Now, as the economic crisis continues to get worse, American Express is trying to get rid of the consumers at greatest risk for default. In order to sweeten the pot, they offered to pay a small number of cardholders $300 each to pay off account balances and close the accounts by the end of April. What does this mean for you? Click here for more.
Best Used Cars Under $20,000
Are you in the market for a used car? This used car guide published by Consumer Reports may help you make the right decision. Click here for more.
Delta to Cut International Flights
Delta recently announced it will cut it's international flights by an additional 10% by September. The move was announced as the airline continues to struggle during the global economic downturn. In addition to cutting flights, nearly 2,100 employees will leave the company voluntarily over the next several months. With airlines cutting costs to stay afloat, will safety be an issue? Click here for more.
Your Money
Will refinancing help you with your mortgage? Click here for more.
For the Lawyers
Collection letter doesn't violate Fair Debt Act. The Seventh Circuit has held that a collection letter didn't violate federal consumer protection law -- even though the amount stated for "interest due" did not accurately state the total amount of interest that had accrued on an overdue credit card account. Click here for more.