| Volume 139 Number 3 |
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The People’s Lawyer’s Tip of the Day
Practice internet safety on cyber Monday to protect yourself from fraud and scams. Click here for more.
Citibank to compensate some student loan borrowers
A $3.75 million settlement between Citibank and the Consumer Financial Protection Bureau will spell a refund for college students that serviced their loans through the bank. The agency said Citibank’s handling of the loans resulted in added expense for borrowers. It said the bank misled borrowers about a valuable tax deduction on the interest paid on certain loans, resulting in higher tax payments. Additionally, the CFPB says the bank of incorrectly charged late fees, added interest to loans that were eligible for deferred payments, misled consumers regarding monthly bill payments and failed to disclose required information after denying borrowers’ requests to release loan cosigners. Click here for more.
Your Money
The 6 Red Flags That Could Spell Doom for Your Money: (1) Your minimum monthly credit card payment has soared to triple digits; (2) You’re charging gas and groceries — and not paying it off each month; (3) You keep dipping into your savings; (4) You regularly pay bank fees; (5)Your retirement account is hardly growing; and (6) Your income isn’t growing. Click here for more.
For the Lawyers
Proposed class action against Home Depot dismissed under Spokeo. The claim eluded a proposed class action accusing the retailer of wrongfully obtaining job applicants’ personal information through improper background checks, as a California federal judge found the applicants failed to demonstrate actual harm as required under the U.S. Supreme Court's Spokeo decision. Saltzberg v. Home Depot USA Inc., (C.D. Cal. 2017). Click here for more.