The Daily Consumer Radio Newscast



Apple CEO Tim Cook says iPhone users will soon be able to switch off the function that allows Apple to slow the speeds of older iPhones, to preserve battery life. In an interview with ABC News, Cook once again apologized for the lack of transparency surrounding the issue.


Consumer activists are reacting with dismay to the Consumer Financial Protection Bureau's announcement that it is will reconsider its Payday Lending rule. That rule requires payday lenders to determine that a borrower can afford to repay the money before approval is given.


A survey by CompareCards has identified three habits it says help consumers pay down credit card debt. Seventy one percent of consumers who make out a repayment plan, cut spending, and set up an emergency savings account reduced their debt.


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