| Volume 53 Number 5 |
Subscribe to the Newsletter
Forward this news alert to your family and friends
Helpful Links
Texas Consumer Complaint Center
Credit Reports and Identity Theft
Your Guide to Small Claims Court
Contact Us
1-713-743-2168
The People’s Lawyer’s Tip of the Day
Homeowner's insurance covers much more than you might think. Remember, insurance is a contractual agreement, so you must read it carefully. Was your computer, stereo, or other valuable possession stolen from your vehicle? Read your policy, you may be covered for this loss. Click here for more.
Honda Issues Recall for 383,000 Vehicles
Do you own a 2003 or 2004 Honda Accord, Civic, or Element? If so, your vehicle may be subject to the latest Honda recall. According to Honda, problems with the ignition interlock systems led to the recall after the company received numerous consumer complaints. Is your car subject to recall? Does this recall point to an industry-wide problem? Click here for more.
Financial Recovery Slowing Down
At the conclusion of a Tuesday meeting, Federal Reserve officials warned the public that the economic recovery is weakening, including output and employment. As a result, the Federal Reserve decided to keep interest rates near 0%, likely for an extended period. What impact does the Federal Reserve interest rate have on consumer purchases? Click here for more.
Recall: 1 Million Pounds of Ground Beef
An E. Coli contamination has led Valley Meat Company to the recall of one million pounds of ground beef. The meat was sold in Arizona, California, Oregon, and Texas. E. Coli is a potentially deadly bacterium that can lead to extreme sickness, including kidney failure. For additional information on this recall, Click here for more.
Your Money
How does your salary compete with top athletes? Click here for more.
For the Lawyers
A borrower must arbitrate a claim that his lender violated Fair Credit reporting Act, even though the underlying debt was discharged in bankruptcy. Plaintiff obtained a $24,000 loan for the purchase of a mobile home. He later defaulted on the loan, filed for bankruptcy and obtained a discharge of debts as a result of the bankruptcy proceeding. The plaintiff sued for violations of the Fair Credit Reporting Act, alleging that the company continued to report his loan debt to credit agencies, even though the matter was discharged in bankruptcy. The Indiana Court of Appeals decided that the arbitration clause was enforceable regardless of the fact that the underlying debt had been discharged. Click here for more.