| Volume 59 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.
Honda Recalls 700,000 Cars
Honda is recalling 700,000 Fit compact cars worldwide, including 97,000 vehicles in the United States. Honda says that lost-motion springs may break over time, potentially causing serious engine damage. Is your Honda subject to recall? Click here for more.
House Republicans Target CFPB
In an effort to cut spending, House republicans want to cut the budget for the Consumer Financial Protection Bureau by 40%. The agency, still in its infancy, holds responsibility for enforcing federal laws and regulating consumer protection. Consumer advocates insist the budget cuts would be a mistake. Elizabeth Warren, who heads the agency, wants the agency to be independent of the political process. How would the budget cuts cripple the agency and harm consumers? Click here for more.
Stanford Suing Government for $7.2B
Accused Ponzi schemer Alan Stanford filed a $7.2 billion lawsuit against the federal government this week, claiming he was deprived of his constitutional rights by federal prosecutors. The lawsuit claims federal investigators were "unfair" and "abusive" in their enforcement methods. Stanford has been accused of running a $7 billion Ponzi scheme centered on fraudulent CDs. Click here for more.
Your Money
Should you refinance your mortgage? Click here for more.
For the Lawyers
Customer can sue over forged convenience checks. A U.S. District Court in Minnesota held that a credit card company may have violated federal fair credit reporting law by failing to respond adequately to a customer’s complaint that her boyfriend had forged her convenience checks. The plaintiff sued, alleging that the defendant violated the Fair Credit Reporting Act by failing to conduct a reasonable investigation of her fraud claim. The court concluded that the plaintiff’s evidence was sufficient for her to proceed on an inadequate investigation claim under the Act. Click here for more.