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Consumer Affairs

Feds Warn of Mortgage Rescue Scams Aimed at Service Members

Members of the armed forces are not only in harm's way when serving in combat situations. They are also being targeted by a number scams claiming to provide mortgage assistance, federal agencies warn. 

“Members of the armed services community often face unique financial challenges and are at particular risk for this type of scam,” said Christy Romero, Special Inspector General at SIGTARP, the Office of the Special Inspector General for the Troubled Asset Relief Program....

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Gas Prices Still Falling As Holiday Weekend Begins

At the start of the Memorial Day weekend, motorists will find gasoline prices that are steadily moving lower and 15 cents a gallon less than they were at the start of last year's holiday weekend that marks the start of summer driving season.

The national average price of self-serve regular today is $3.666 per gallon, down from $3.713 last Friday, according to AAA's Fuel Gauge Survey. Fuel prices are nearly 18 cents a gallon lower than they were a month ago.

For the first time in m...

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Be Careful With Daily Deal Websites

A tough economy and an increasingly mobile, interconnected consumer universe has made daily deal websites like Groupon a hot commodity. Consumers like them and so do businesses.

But they may not be such a good deal for either consumers or businesses. For consumers,they may lead to more impulse buys.

"I would advise users to use discretion," said Esther Swilley, assistant professor of marketing at Kansas State University. "Make sure it's something you really need or want, and you'r...

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Feds Propose Prepaid Card Rules

The Consumer Financial Protection Bureau (CFPB) is previewing proposed rules to protect consumers in the fast-growing prepaid card market.  The agency is seeking input on how to ensure that consumers’ funds on prepaid cards are safe and that card terms and fees are transparent.

“The people who use prepaid cards are, in many instances, the most vulnerable among us,” said CFPB Director Richard Cordray. “All consumers need, and deserve, products which are ...

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The Self-Driving Car Comes Closer to Being On California Roads

First Nevada, now California. This week a bill passed in the California Senate that would permit self-driving cars to be tested within the Golden State. The bill is now on its way to the State Assembly to potentially become law. Self-driving cars recently became legal in Nevada and are being considered in Florida, Oklahoma, Arizona, and Hawaii.

While totally autonomous vehicles may not become widespread quickly, there's growing support for using technology to improve traffic safety...

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