| Volume 129 Number 2 |
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The People’s Lawyer’s Tip of the Day
Many people think their “credit limit” is the maximum amount the credit company will allow them to charge. In fact, in most cases the company will allow you to exceed this limit, and then charge you a hefty fee. You must self-police your credit limit and not exceed it. If you need more credit, contact the card issuer about raising the limit. Click here for more.
Samsung Recalls Washing Machines Due to Impact Injuries
Today Samsung announced a recall for 2.8 million washing machines, because of reports of "impact injuries." This is another setback for the South Korean company after it recalled the Galaxy Note 7 smartphones earlier this year. Now, its top-load washing machines can unexpectedly detach from the chassis during use and cause injuries. The affected machines were manufactured between March 2011 and November 2016. Owners of these machines should contact the company and avoid using higher spin speeds. Click here for more.
Your Money
Using cash, instead of a credit card is recommended to cut your spending. However, it can be hard to cut that habit, because of the convenience of using a credit card. A new study by the Urban Institute and D2D Fund offers a solution that consumers might find more realistic: Pay cash for anything under $20. A CreditCards.com poll found that 20% of respondents said the most they'd spent on an impulse buy in the last three months was just $25. Consumers are more likely to ignore small purchases than big purchases. The $4 latte on the morning commute, the $10 salad for lunch, $2.99 for a new app -- they add up quickly, but many of us don't actually budget for them. Using cash forces more small-spending awareness. Click here for more.
For the Lawyers
Continuing work constitutes acceptance of arbitration agreement. The Sixth Circuit, in an unpublished decision, held that under Kentucky law, merely continuing to work for an employer constitutes assent to an arbitration agreement when that agreement is a condition of employment—even if the employee has not signed an acknowledgement form. Aldrich v. University of Phoenix, Inc. (6th Cir. 2016). Click here for more.