From the National Law Journal: The ads sound enticing – car dealerships that promise to pay off your trade-in, no matter what you owe. According to the Federal Trade Commission, the promotions are also not necessarily true. Five car dealerships around the country have agreed to stop running such ads to settle FTC charges, the…
This Friday, the Hanson Law Firm is fighting to give AmeriCredit customers with arbitration clauses in their car contracts the same rights won for those customers who don’t. On January 31, the Hanson Law Firm won partial summary judgment against AmeriCredit on behalf of thousands of California consumers and making AmeriCredit forgive over $200 million…
New York Times Op-Ed today has some interesting facts for those who don’t want to get pushed into unfair arbitration act in consumer contracts. Here is a section I liked “YOU buy a cellphone, computer or car. You sign up for a credit card or open a retirement account. You apply for a job. In…
The FTC has taken steps to help consumers to avoid unwanted “robocalls.” For decades, Congress and the Commission have recognized that consumers should have control over the telemarketing calls that come to their homes and mobile devices, and be able to stop the ones that they don’t want to receive. The Commission and the FTC have…
California law now requires “Made in the USA” to mean what it says — 100% Made in USA. But new legislation being sponsored by manufacturers in California wants to water down that standard. The Consumer’s Friend and other consumer groups oppose this new mislabeling rule as manufacturers need a bright line rule and consumer’s need…
Maybe the bailout was not such a bad idea? Now, thanks to the Obama administration, the US is home to the world’s largest auto maker, rather than the world’s largest bankruptcy. GM is reporting its largest profits ever now, and the US is a 500 million dollar shareholder.
On January 31, 2012, the Hanson Law Firm’s client, Steven Aho, representing thousands of California consumers over a four year period, won partial Summary Judgment against subprime lender AmeriCredit Financial. The United States District Court in the Southern District of California held that AmeriCredit’s Post-Repossession notices violated California consumer protection laws. Effectively, this decision invalidates…
Washington Post 2-16-12 By Ylan Q. Mui, Thursday, February 16, 9:02 AM The Consumer Financial Protection Bureau on Thursday sought to bring debt collectors and credit bureaus under its purview, marking the first time the often controversial industries would be subject to federal supervision. Under its proposed rule, the CFPB would oversee the nation’s largest…
JD Power indicates the number of lemons hitting California streets is decreasing. 25 of 32 brands improved their reliability scores. Toyota Yaris is the most reliable subcompact, the Prius was the most reliable compact, and the Toyota Tundra was the best pickup. Toyota’s recalls of more than 10 million cars for unintended acceleration began in…
An auto lenders trade group says it’s somewhat reassured by what staffers from the new Consumer Financial Protection Bureau are telling it. But they’re still anxious about how the new regulatory body will carry out its mandate. Last week, members of the American Financial Services Association met privately with bureau representatives during the AFSA Vehicle…
