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Money & Shopping

Rumor: Amazon opening a brick-and-mortar store
February 6, 2012 5:00 PM

Amazon is rumored to be planning a physical store to be located in Seattle, the online giant's home base, according to the website Good Ereader. And "Amazon sources close to the situation" have reported that we can expect this move to occur within the next few months.

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Mobile apps offering background checks may violate Fair Credit Reporting Act
February 6, 2012 2:30 PM

The Federal Trade Commission today warned marketers of six mobile applications that provide background-screening apps that they may be violating the Fair Credit Reporting Act.

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Medical device maker to pay $16.8 million penalty for bribery
February 6, 2012 1:30 PM

The medical device company Smith & Nephew has entered into a deferred prosecution agreement with the Department of Justice over payments it made that were in violation of the Foreign Corrupt Practices Act, the Department of Justice said today.

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New legislation jeopardizes $900 million in health insurance refunds
February 6, 2012 12:30 PM

A bill introduced in the Senate would jeopardize nearly $900 million in estimated health insurance refunds or lower premiums for consumers, says Consumers Union, the advocacy arm of Consumer Reports.

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New York Attorney General sues banks over electronic mortgage registration
February 3, 2012 5:00 PM

The New York Attorney General, Eric Schneiderman, has brought suit against several big banks accusing them of deceit and fraud in how they used a mortgage electronic registration system, or MERS. Schneiderman says the banks' actions put homeowners at a disadvantage during the foreclosure process.

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Super Bowl XLVI video: Best TVs you can buy now for the Big Game
February 3, 2012 12:30 PM

The Super Bowl is just two days away, but you still might be considering buying a new TV for the Big Game. Consumer Reports TV expert Jim Willcox has a list of "can't-miss" televisions to recommend, in every price range—from high-end flagship models costing up to $2,000 to budget recommendations. Take a look at our video for tips.

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FICO now has credit reports and information in Spanish
February 2, 2012 3:30 PM

FICO has introduced a new Spanish version of its website, including credit scores, reports, analysis and more, for the some 34 million native Spanish-speaking consumers in the U.S. and Puerto Rico.

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Top 10 scams of 2011—Fraudsters targeting victims by age
February 2, 2012 2:00 PM

The most frequently reported scam of 2011 involved bogus prizes and sweepstakes, with fake check scams and fraudsters posing as loved ones, according to the National Consumers League's report of the top scams reported to its national Fraud Center.

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Unhappy with your app? Refunds are hard to come by
February 2, 2012 10:15 AM

If you own a smart phone or tablet, you've no doubt explored the enormous world of mobile apps, both free and paid. And if you're unhappy with a free app, nothing's easier than uninstalling it. But if you paid for an app that doesn't live up to its description, or has performance issues, or that you just don't like, you don't have a whole lot of recourse.

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Prepaid phone card marketers to pay $2.32 million over false claims about total minutes
February 1, 2012 1:30 PM

Several marketers of prepaid calling cards will pay $2.32 million as part of a settlement to resolve charges that they made false claims about the number of minutes on prepaid cards they advertised to immigrant communities, the Federal Trade Commission said today.

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FCC to overhaul Lifeline phone service for low-income homes
February 1, 2012 11:45 AM

The Federal Communication Commission voted yesterday to overhaul the national Lifeline program, a means of providing low-cost home land-line telephone service to low-income families in the U.S. The pending changes are intended to cut $2 billion in federal costs over the next three years, as well as modernize the federal program—adding low-cost home broadband Internet access to the mix, for one thing.

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