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Money & Shopping

Financial watchdog to introduce new rules for prepaid debit cards
May 23, 2012 1:00 PM

Today, the Consumer Financial Protection Bureau is expected to issue new rules for prepaid debit cards, which tend to offer weaker consumer protections than those provided by traditional debit cards, yet are being used by many in the U.S. as a substitute for bank accounts.

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Even with Credit CARD Act, some still use plastic as safety net
May 22, 2012 4:15 PM

On the third anniversary of the Credit Card Accountability Responsibility and Disclosure Act being signed into law, the average debt has declined, but many Americans are still using credit cards as a way to cover basic living expenses, according to a national survey from the policy center Demos.

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Refunds coming to buyers of Oreck products with 'false' health claims
May 21, 2012 5:45 PM

Starting this week more than 27,000 consumers who purchased certain vacuum cleaners and air purifiers made by Oreck will be getting checks for $25 from the Federal Trade Commission under an agreement between the government and the manufacturer. Oreck claimed its Halo vacuum and ProShield Plus air purifier could reduce the risk of flu and other illnesses, and eliminate virtually all common germs and allergens. Last year Oreck agreed to pay the FTC a $750,000 fine.

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Top 7 electronics gifts for dads and grads
May 21, 2012 11:00 AM

Looking for a fantastic techie gift for your favorite father? Or perhaps a recent grad you're especially fond of deserves a great gadget this year. Consumer Reports' electronics experts picked out some of our recent favorites for your consideration.

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Skechers settlement underscores why toning shoes aren't a good deal
May 17, 2012 5:15 PM

We've told you before to stay away from so-called toning shoes because of apparent safety risks. Yesterday's settlement between the Federal Trade Commission and Skechers over the company's deceptive and unsupported claims gives you another reason to consider other fitness footwear.

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Social Security's online benefits statement: Useful, easy to get
May 17, 2012 10:00 AM

Social Security's new online benefits statement is a useful new resource for anyone doing financial planning or future financial projections. And, as I learned when I signed up to view mine, the statements provide some interesting new information.

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The best chocolates for the special mom in your life
May 10, 2012 1:30 PM

Your mother or wife or any of the other moms you're getting a gift for might appreciate a nice box of chocolates, and as Mother's Day is fast approaching (Sunday May 13), you might want to check our recent boxed chocolate test results before grabbing a box off the nearest display rack just for convenience sake.

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FTC acts on $70 million cramming scam
May 10, 2012 11:30 AM

For the fourth time in 14 years, the Federal Trade Commission has taken action against the nation's largest charge-it-to-your-phone-bill company, Billing Services Group (BSG), for alleged "cramming," or placement of unauthorized charges on consumers' phone bills.

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Best deals on used SUVs for spring
May 10, 2012 10:00 AM

We're heading into the busy summer travel season and if a road trip is in your getaway plans, a used SUV may be a good choice to fit the family and gear. As we have been reminded by our recent tests, new SUVs can be pricey. To make shopping easier, we have identified some of the best used deals on small and midsized SUVs.

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FCC warns consumers about prepaid calling cards
May 9, 2012 4:00 PM

The Federal Communications Commission has issued an enforcement advisory on prepaid phone cards, following the latest study from Consumer Reports on the problems they pose for vulnerable, low-income communities.

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Retail spending continues to slide despite rise in consumer confidence
May 9, 2012 6:00 AM

Retail spending declined for the fourth straight month even as Americans reported improvements in sentiment, employment, stress, and financial difficulties, according to the latest Consumer Reports Index, a monthly gauge of overall consumer financial health.

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Buying advice on phone cards in eight languages
May 8, 2012 9:00 AM

Suppose you went into a convenience store to buy a container of milk for $2, but didn't know whether the clerk behind the counter was going to give you a pint or a gallon.

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Should the U.S. follow Canada's lead and stop making pennies?
May 7, 2012 2:00 PM

After Canada officially halted production of its penny Friday by minting the last one, we asked our Facebook readers if they thought the United States should do the same.

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Target stops selling Kindles, in a setback for would-be Kindle buyers
May 4, 2012 1:30 PM

Target has announced it will stop selling Kindles in its stores, depriving shoppers of one of the few venues in which they can look at and use Amazon's tablets and e-book readers before they buy one.

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New FCC rules help you prevent cramming on landline phone bills
April 30, 2012 3:30 PM

The Federal Communications Commission has taken steps to protect you from difficult-to-detect fraudulent charges on your landline phone bill. The new FCC rules combat illegal placement of unauthorized charges.

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