The Daily Consumer Radio Newscast
Mercedes Benz is recalling nearly a half million recent model cars. The company says the driver's air bag may deploy unexpectedly because of insufficient grounding. If there is an electrostatic shock and the air bag clockspring is broken, the bag can deploy while the car is being driven.
Kids Preferred, a New Jersey toy maker, is recalling nearly 600 thousand wind-up musical toys sold in the U.S. and Canada. The metal post or handle of the wind-up mechanism can detach, posing a choking hazard to young children. No injuries have been reported.
Credit card interest rates are at record highs and may go even higher. With the Federal Reserve expected to boost a key interest rate several times in the next 12 months, consumers carrying a big credit card balance should prepare to pay even more in interest.
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