| Volume 126 Number 10 |
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The People’s Lawyer’s Tip of the Day
Your liability for a lost or stolen credit is capped at $50. But that rule does not apply to a debit card. If you wait more than two business days to report a lost or stolen debit card, you liability can be as high as $500. Click here for more.
EpiPen Cost Soars Over 400 Percent
The price of an EpiPen, a portable device that can prevent life-threatening allergic reactions, has greatly increased in the last few years, because of aggressive marketing and branding campaigns, and lobbying for legislation that requires the product to be stocked in schools. The manufacturer of the device, Mylan, practically has a monopoly on the EpiPen after its main competitor launched a recall last fall. In 2008, the price for the device was $145.99. In 2010, it was $220.99, then jumped to $649.99. In a statement, Mylan said that the prices have "changed over time to better reflect important product features and the value the product provides," and that "we've made a significant investment to support the device over the past years." Click here for more.
Your Money
When renting a car people often end up buying supplemental insurance protection that they really don't need. That can add anywhere from $15 to $30 a day to the cost of a rental. However, some consumers are covered by their own auto insurance, but they may not know it. And those who aren't covered by their own insurance, are likely covered by their credit card, he said. All four major credit card issuers, Visa, American Express, MasterCard and Discover, provide some form of rental car insurance coverage. To make sure you get covered, you must charge your entire car rental on your credit card and decline the supplemental collision damage coverage offered by the rental company. If you sign up for that insurance, you won't be covered by the credit card company. Before renting a car check your credit card coverage and your current car insurance policy to see if you are already covered for rental car insurance. Click here for more.
For the Lawyers
Claims under the Fair Credit Reporting Act barred by statute of limitations discovery rule. The 6th Circuit held that the statute of limitations under the FCRA commences when the claimant discovers the facts of the claim, not that the facts constitute a legal violation. The plaintiff filed suit against the employer and the reporting agency for violations of the FCRA. The FCRA's statute of limitations requires claims be commenced the earlier of two years after the date of discovery or five years after the date of the violation. Consequently, the limitations period commenced when the plaintiff discovered that the employer had obtained his credit report without his consent. Rocheleau v. Elder Living Construction (7th Cir.). Click here for more.