The People's Lawyer Consumer News Alert
Center for Consumer Law
  Volume 115 Number 11

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The People’s Lawyer’s Tip of the Day

Are you short of cash and considering a title loan? Before you do, research your options, because the APR on title loans typically range from 100-300%, and the terms can make it almost impossible to pay the loan off. Worse, if you miss a payment, they can take your car and sell it on terms much worse than you could do yourself. Click here for more.


Target Broadens Price Matching Policy for Holiday Season

Target announced that it was expanding its price matching policy to match the prices of 29 rivals, including, for the first time, both Amazon and Wal-Mart. Click here for more.


Your Money

Are you nearing retirement and concerned about replacing that income? Financial Firms are launching new products designed to provide retirees with steady monthly payouts based upon a 4-5% annual withdrawal rate. This article discusses the details of these new products. Click here for more.


For the Lawyers

Deposit returned to buyer after contract cancelled should not be setoff against damages. The Vermont Supreme Court held that a buyer’s recovery under the state’s consumer protection act should not be offset by any deposit returned by the seller. The seller cancelled the contract and returned the deposit as required. The deposit amount was not part of the buyer’s damages. McKinstry v. Fecteau Residential Homes, Inc. Click here for more.

 

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