BMW Recalling Mini Cooper S Vehicles for Tailpipe Burns

After NHTSA issued an initial decision that MY 2007 and some MY 2008 Mini Cooper S vehicles contained a safety-related defect that could result in burns due to contact with the tail pipes, BMW has decided to recall the vehicles rather than contest NHTSA's initial decision in a public hearing on the issue...... BMW Recalling Mini Cooper S Vehicles for Tailpipe Burns

Bogus computer scan for free: Court Halts Bogus Computer Scans

At the request of the Federal Trade Commission, a U.S. district court has issued a temporary halt to a massive "scareware" scheme, which falsely claimed that scans had detected viruses, spyware, and illegal pornography on consumers' computers. According to the FTC, the scheme has tricked more than one million consumers into buying computer security products such as WinFixer, WinAntivirus, DriveCleaner, ErrorSafe, and XP Antivirus. The court also froze the assets of those responsible for the scheme, to preserve the possibility of providing consumers with monetary redress. Bogus Computer Scareware Scans: Court Halts Bogus Computer Scans

Sony BMG Music Settles Charges Its Music Fan Websites Violated the Children’s Online Privacy Protection Act

Sony BMG Music Entertainment (Sony Music) has agreed to pay $1 million as part of a settlement to resolve Federal Trade Commission charges that it violated the Children’s Online Privacy Protection Act (COPPA) and the Commission’s implementing Rule.  Sony BMG Music Settles Charges Its Music Fan Websites Violated the Children’s Online Privacy Protection Act

OCC, Wachovia Enter Revised Agreement to Reimburse Consumers Directl

The Office of the Comptroller of the Currency (OCC) has entered into an amended settlement agreement with Wachovia Bank, National Association directing the bank to issue checks to consumers that may have been harmed by payment processors for telemarketers that had account relationships with Wachovia. OCC, Wachovia Enter Revised Agreement to Reimburse Consumers Directly

IRS: Interest Rates Drop for the First Quarter of 2009

The Internal Revenue Service today announced in Revenue Ruling 2008-54 that interest rates for the calendar quarter beginning Jan. 1, 2009 will drop by one percentage point. The new rates will be... IRS: Interest Rates Drop for the First Quarter of 2009

Do Foreclosures Lead to Increased Violent Crime?

A sobering fact repeated in many of these stories is that an increase in the foreclosure rate in a neighborhood can lead to an increase in the rate of violent crime. Do Foreclosures Lead to Increased Violent Crime?

IRS Offers Tips for Year-End Donations

Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years. IRS Offers Tips for Year-End Donations

FDIC Increase: Your New, Higher FDIC Insurance Coverage

With banks and the economy in the news so much lately, many people are thinking more about the safety of their money. The FDIC has some good news â€" your FDIC deposit insurance coverage has significantly increased. FDIC Increase: Your New, Higher FDIC Insurance Coverage

Struggling to Balance Your Budget? I.I.I. Offers Ways to Save Money on Your Auto Insurance in a Recession

With the Dow in the tank and the recession now “official”, finding ways to save money can be daunting. If you’re shopping for new auto insurance, or if you haven’t changed or updated your policy in the past year or two, check with your agent or insurance company representativeâ€"you may be surprised by the discounts out there, according to the Insurance Information Institute (I.I.I.) Struggling to Balance Your Budget? I.I.I. Offers Ways to Save Money on Your Auto Insurance in a Recession

Ripoff Artists Target Grandparents

Complaints are on the rise about a scam that preys on a grandparent’s love, according to the Federal Trade Commission. Ripoff Artists Target Grandparents

IRS Announces 2009 Standard Mileage Rates

The Internal Revenue Service today issued the 2009 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. IRS Announces 2009 Standard Mileage Rates

Get Ready for the Big TV Transition

The change in administrations is not the only transition rapidly approaching. The switch from analog to 100% digital TV broadcasting occurs at midnight Feb. 17, 2009. Get Ready for the Big TV Transition

HUD Issues New Mortgage Rules To Help Consumers Shop For Lower Cost Home Loans

WASHINGTON - For the first time in more than 30 years, the U.S. Department of Housing and Urban Development today issued long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers. HUD Issues New Mortgage Rules To Help Consumers Shop For Lower Cost Home Loans

Silent Spyware: Court Orders Halt to Sale of Spyware

When consumer victims clicked on the disguised file, the keylogger spyware silently installed in the background without the victim's knowledge. This spyware recorded every keystroke typed on the victim's computer (including passwords); captured images of the computer screen; and recorded Web sites visited. Spyware: Court Orders Halt to Sale of Spyware

Prayer Breaks Sought by Muslim Employees to be Instituted: EEOC Settles Claims

Prayer Breaks Sought by Muslim Employees to be Instituted: EEOC Settles Claims
Prayer Breaks Sought by Muslim Employees to be Instituted; Total of $365,000 to be Paid in Two Cases

Internet Pharmacy: Father and Son Convicted of Running Illegal Internet Pharmacy

Defendants to Forfeit a Total of $11.8 Million in Illegal Drug Proceeds. Following four weeks of trial, a federal jury in Brooklyn today returned a verdict convicting ANTONIO QUINONES, the owner and operator of illegal internet pharmacies, of illegal distribution of prescription medication, conspiracy, and money laundering. Internet Pharmacy: Father and Son Convicted of Running Illegal Internet Pharmacy

Internet Payday Lenders: FTC Charges Internet Payday Lenders for Abusive and Deceptive Collection Tactics

The Federal Trade Commission and the State of Nevada have charged 10 related Internet payday lenders and their principals, based mainly in the United Kingdom, with violating federal and state law by not disclosing key loan terms to U.S. consumers and using abusive and deceptive collection tactics. Internet Payday Lenders: FTC Charges Internet Payday Lenders for Abusive and Deceptive Collection Tactics

FHA Mortgage Update: HUD Announces New, Permanent FHA Mortgage Loan Limits

Beginning January 1, 2009, FHA will insure single-family home mortgages up to $271,050 in low cost areas and up to a maximum of $625,500 in high cost areas. The February 2008 Stimulus Package temporarily raised the FHA maximum to $729,750 through December 31, 2008. The new $625,500 maximum, however, represents a significant increase over the $362,790 limit that was in effect prior to the Stimulus Package. FHA Mortgage Update: HUD Announces New, Permanent FHA Mortgage Loan Limits

Don't be Left Out! Two Weeks to ShakeOut--Thousands Join Each Day, You Can Too

At 10 a.m. on November 13, millions of southern Californians will drop to the ground, take cover under a table or desk, and hold on. An earthquake prediction? No. But it is certain that the Great Southern California ShakeOut is on track to being the largest earthquake drill in United States history. Don't be Left Out! Two Weeks to ShakeOut--Thousands Join Each Day, You Can Too

Federal Reserve Board and Treasury Department announce restructuring of financial support to AIG

The Federal Reserve Board and the U.S. Treasury on Monday announced the restructuring of the government's financial support to the American International Group (AIG) in order to keep the company strong and facilitate its ability to complete its restructuring process successfully. Federal Reserve Board and Treasury Department announce restructuring of financial support to AIG