| Volume 95 Number 9 |
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The People’s Lawyer’s Tip of the Day
Are over-eager salespeople still calling you?
Maybe you forgot to sign up for the National Do Not Call List.
Sign up now!
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How to Avoid Text Message Scams
If you have you received a text message from an unfamiliar source soliciting a response, ignore it! It could say something like "your phone number has won $140,000" or "your GMail account has been compromised." Regardless of content, if you respond to text messages from an unfamiliar source, you may be playing right into a scammer's hands.
Text message scammers try to get a response in order to take advantage of security flaws in your mobile device. Any type of reply, including "do not text," could expose your device to sophisticated hackers.
If you receive an unsolicited message from an unknown source, report it to the Federal Trade Commission.
Find out how protect yourself against text message phishing attempts.
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T-Mobile Adds 4.4M Customers in 2013
T-Mobile had a huge 2013, adding 4.4 million customers to its subscriber base after positioning itself as the "UnCarrier." The company actively courted customers from competitors, offering to pay out up to $650 in early termination fees to get their business.
For the forth largest carrier in the United States, pulling so many customers away from companies like AT&T and Verizon is potentially big business. However, it's a financial burden for now. T-Mobile has posted three consecutive negative quarters, losing $20 million in the most recently quarter alone.
In the long run, T-Mobile hopes that its unique business model will foster consumer loyalty and ultimately lead to larger profits. If unsuccessful, T-Mobile may be forced to pull the plug on the promotion. For now, it remains a viable option for consumers stuck in contracts with carriers they don't like.
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Your Money
How much does that loan really cost?
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For the Lawyers
Three-year period for rescission contained in Truth in Lending Act runs from consummation of loan.
The Court of Appeals of Kentucky held that in a Truth in Lending suit, the three year period for rescission is not a statute of limitations but rather a bar to the right of rescission.
The court also noted that a claim for actual damages must be based on evidence directly relating to the non-disclosure. Finally, the court affirmed a substantial reduction in the award of attorney’s fees based on the limited success achieved.
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