| Volume 62 Number 10 |
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The People’s Lawyer’s Tip of the Day
Most negative information stays on your credit report for seven years, a bankruptcy for ten. The time is not extended, however, when the debt is sold or assigned to a new person such as a debt collector. If a debt collector tries to "re-age" a debt, tell the credit bureau and demand they correct the incorrect information. Click here for more.
States Attempting to Reduce Jobless Benefits
During the recession, state economies were weakened by the overwhelming number of people applying for and receiving jobless benefits. Some states, including Michigan, Missouri, and Arkansas, have already reduced the maximum number of weeks the jobless can receive unemployment benefits. Thirty states have borrowed nearly $45 billion from the federal government to cope with the high (and sustained) unemployment rates. States are hesitant to increase taxes on businesses, worried that an additional burden would result in additional job loss. Will more states cut back on jobless benefits? Click here for more.
Verizon to Eliminate Unlimited Data Plans
When Verizon first introduced the iPhone, it offered an unlimited data plan to compliment the data heavy phone. Instead of paying $30 for unlimited data, customers will soon pay for data based on a tiered pricing plan, similar to plans available with other networks. How will iPhone customers who rely heavily on their unlimited data plans adjust to the change once they're required monitor their usage? Click here for more.
Walmart: No Proof Price Match Program
Do you shop at Walmart? Next time you're there, don't hesitate to ask for a price match to a competitors price. According to Walmart’s chief merchandising officer, Walmart will match a competitors advertised price with no proof required. Walmart wants to be a "one-stop shop at the lowest prices." According to the report, Walmart can offer a price match without proof because store managers are regularly checking competitor prices. Will the new policy reinvigorate the Walmart brand? Click here for more.
Your Money
How will taxes and inflation affect your savings? Click here for more.
For the Lawyers
Fair Debt Collection Practices Act does not apply to communication provided to judge. The Seventh Circuit held that the FDCPA does not apply to an allegedly misleading statement contained in a state-court complaint. Click here for more.