| Volume 41 Number 7 |
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The People’s Lawyer’s Tip of the Day
Texas has a lemon law. It applies to new cars, and gives you substantial legal rights against the manufacturer. A car is a lemon if it has been in the shop four or more times for the same problems, or two or more times if the problem is a safety defect. Click here for more.
Bank of America Increases Annual Fees
Bank of America announced this week that the company will be "testing" annual fees of $29 to $99 on individual accounts. Bank of America will determine which accounts will be selected based on a risk and profitability analysis. Fees will begin appearing on February 2010 statements. Will you account be included? Click here for more.
Worst Three Months of All Time
The third quarter of 2009 represented the worst quarter in history for foreclosure filings. Despite a government-led initiative to prevent foreclosures, filings continue to sky-rocket. Why isn't the housing market responding to efforts to protect homeowners? Click here for more.
Stimulus Saved 30,000 Jobs Nationwide
When the stimulus was first enacted, the White House predicted that 3.5 million jobs would be created or saved by the end of 2010. Although experts credit the stimulus with slowing the recession, unemployment continues to rise. In one of the first examinations of the stimulus productivity, analysts have found Federal contracts awarded with stimulus funds have saved or created about 1,100 jobs in Texas so far, and 30,383 jobs nationwide. Will the stimulus still be able to save or create 3.5 million jobs? Click here for more.
Your Money
Are you remodeling? How much carpet do you need? Click here for more.
For the Lawyers
Claims based on alleged rape not subject to arbitration clause. The Fifth Circuit has held that claims arising from an alleged rape that occurred in the victim’s bedroom are not subject to the employer’s mandatory arbitration provision. Click here for more.