| Volume 137 Number 4 |
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The People’s Lawyer’s Tip of the Day
Consumer Financial protection Bureau’s new arbitration rule will make it easier for consumers to file or join an existing group lawsuit if they are harmed by a financial service provider, such as a bank or credit card company. For more information, Click here for more.
Honda recalls 2.1 million Accords over battery-sensor fire risk
Honda is recalling about 2.1 million Accord cars worldwide, including 1.15 million in the United States, because the battery sensors can potentially short out and cause a fire. The recall covers vehicles from the 2013-16 model years with 12-volt battery sensors. Honda plans to notify affected owners by mail beginning in late July, instructing them to bring in the vehicles to the dealer, who will inspect and replace the faulty sensors. Click here for more.
Your Money
Want To Earn More Interest On Your Savings? Join An Online Bank The average savings account interest rate in the U.S. is a measly 0.06%, according to the latest data from the Federal Deposit Insurance Corporation (FDIC). You could be earning far more than the average interest rate with an online bank account. Instead of going to a local bank branch, here are four reasons why you should consider joining an online bank for the best returns on your savings accounts: (1) online banks pass cost savings onto you; (2) less fees to worry about; (3) greater ATM access; and (4) convenient account application process. If you’re interested in checking out online banks, compare the best options to see what kind of interest, fees and services they offer. Also, cross-check them with your local credit unions and small banks to see if those offer comparable features. Click here for more.
For the Lawyers
Single call may violate Telephone Consumer protection Act. Plaintiff alleged that she received an unsolicited call on her cell phone from a fitness company called Work Out World (WOW). She did not answer the call, so WOW left a prerecorded promotional offer that lasted one minute on her voicemail. Plaintiff filed a complaint, claiming WOW’s phone call and message violated the Telephone Consumer Protection Act (TCPA) prohibition of prerecorded calls to cellular telephones. The Third Circuit reversed the district court’s dismissal, finding that the TCPA provides a cause of action and that the injury was concrete. The TCPA addresses itself directly to single prerecorded calls from cell phones, and states that its prohibition acts “in the interest of [ ] privacy rights.” Susinno v. Work Out World Inc. (3d Cir. 2017). Click here for more.