| Volume 79 Number 5 |
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The People’s Lawyer’s Tip of the Day
Law-away is back, and more and more stores are advertising for your business. Before you sign-up with any business, read the contract. Texas does not have a law regulating how much you get back if you don’t complete your payments or what fees may be charged. How much it will cost you to use lay-away depends on the contract you sign. Click here for more.
FTC Settles Charges With Equifax
Equifax and its customers have agreed to pay $1.6 million to resolve Federal Trade Commission charges that they violated the FTC Act and the Fair Credit Reporting Act (FCRA). According to the complaint, Equifax allegedly sold information about millions of consumers who were late on their mortgages to interested parties. Under the settlement, Equifax will pay $393,000, while Direct Lending Source will pay a $1,200,000 penalty. To read the full report, Click here for more.
Toyota Recalls 7.3 Million Cars
This week, Toyota issued a recall for 7.3 million cars (the largest since 1996) because of faulty power window switches. According to reports, the switches can become "sticky." If a consumer uses a lubricant to alleviate the situation, it could become a smoke or fire hazard.
Be careful!
Is your car included in the latest Toyota recall? Click here for more.
Your Money
How much will it cost to raise a child? Click here for more.
For the Lawyers
Lender may be liable under Fair Credit Reporting Act. The Sixth Circuit held that an auto lender may be liable under the federal Fair Credit Reporting Act for failing to reasonably investigate a divorced man's claim that he was mistakenly listed as a co-obligor on his ex-wife's vehicle. Click here for more.