FEDERAL COURT BLOCKS RULE TO CAP CREDIT CARD LATE FEES AT $8 – The new rule from the Consumer Financial Protection Bureau (CFPB) would have capped most credit card late fees at $8. The CFPB estimates this ruling will cost consumers $800 million in late fees for each month the rule is delayed.
NEW DOT RULE WILL SPEED UP AND SIMPLIFY AIRLINE REFUNDS – To simplify and speed up the process of getting refunds when flights are canceled or significantly delayed, the U.S. Department of Transportation issued a new rule that will require airlines to promptly provide passengers with refunds when owed.
SUMMER VACATION SURPRISE: PRICES FOR DOMESTIC TRAVEL – It’s not summer yet, but the season for booking vacations is already in full swing. What can you expect to pay for your summer getaway? So far, prices are holding fairly steady for many U.S. destinations, but they’re on the rise for getaways to Europe.
Consumerpedia, Episode 62: THE TRAVEL SHOW 2024 – It’s going to be a busy summer for travel, especially for those headed abroad. In this episode: What you can expect to pay for airfare, hotel rooms, and rental cars. Plus tips on dealing with the crowds and other peak-season hassles.
MEDICAL DATA BREACHES HIT RECORD HIGH: HERE’S HOW TO PROTECT YOURSELF – The medical records of 133 million Americans—about 1 in 3—were compromised last year, according to the federal government. Find out how hackers are getting their hands on this highly sensitive personal information, what they’re able to do with it, and what you can do to protect yourself.
FCC REQUIRES INTERNET SERVICE PROVIDERS TO USE ‘BROADBAND FACTS’ LABEL – A new FCC rule requires internet service providers to use standardized “Broadband Facts” labels that display complete and accurate information on costs and typical speeds. The goal is to bring transparency to the broadband market and increase competition.
STUDY: FINANCIAL ANXIETY IMPACTS ATTITUDES ABOUT DEBT – Despite the strong U.S. economy, many Americans feel left behind; they’re stressed about trying to make ends meet, according to a new Harris Poll. This anxiety is making more people feel comfortable with taking on too much debt.
Consumerpedia, Episode 60: USING YOUR CELL PHONE ABROAD – We compare what the major U.S. wireless phone companies charge to use their international roaming services, and how to pay less by switching to a local wireless carrier or using a Wi-Fi pod at your destination.
WHY ARE GROCERY PRICES STILL SO HIGH? – Prices at the grocery store have been running well above the overall inflation rate. And once food prices go up, they tend to stay there. A variety of factors, including corporate profit-taking, are pushing prices higher.
PRODUCT SAFETY RECALLS ON THE RISE REFUNDS OFTEN DIFFICULT TO GET – The U.S. Consumer Product Safety Commission announced 323 product recalls in 2023—the most in seven years—involving tens of millions of products, including toys, clothing, and home appliances.