Latest Consumer protection and advocacy News

Millennial Money: How credit can beat buy now, pay later

Dec. 06, 2022 09:26 AM EST

At first glance, a “buy now, pay later” plan’s promise of no interest or upfront fees can seem more appealing than a credit card’s terms. Dividing a transaction into, say, a pay-in-four installment plan sounds straightforward and manageable. Unlike credit cards, though, these...

Late NC commissioner Long memorialized within his old agency

Dec. 06, 2022 04:03 AM EST

RALEIGH, N.C. (AP) — The longest serving state insurance commissioner in North Carolina history is being memorialized within his former department. His longtime election foe will lead the ceremony. The department's first-floor hearing room in the Albemarle Building in downtown...

New Mexico's largest electric provider seeks rate hike

Dec. 05, 2022 19:08 PM EST

ALBUQUERQUE, N.M. (AP) — New Mexico’s largest electric provider is seeking its first rate hike in years as it looks to recoup $2.6 billion in investments that executives say are needed to modernize the grid and meet state mandates for transitioning away from coal and natural gas. ...

States settle with Google, iHeartMedia over misleading ads

Nov. 28, 2022 18:53 PM EST

SACRAMENTO, Calif. (AP) — The Federal Trade Commission and a handful of states announced settlements Monday with Google and iHeartMedia related to misleading radio advertisements about a Google cellphone. The settlements stem from complaints alleging Google paid to have radio...

New Mexico court asked to reconsider electricity rate case

Nov. 25, 2022 14:32 PM EST

ALBUQUERQUE, N.M. (AP) — The New Mexico Supreme Court is being asked to reconsider its decision allowing the state’s largest electric utility to delay issuing rate credits to customers that were prompted by the recent closure of one of the Southwest's largest coal-fired power plants. ...

Taylor Swift tickets breakdown probed by attorneys general

Nov. 19, 2022 13:56 PM EST

NASHVILLE, Tenn. (AP) — The breakdown in Ticketmaster's sales of Taylor Swift tickets is a mess some attorneys general aren't shaking off. With fans sharing outrage and heartache over the fruitless hours they spent trying for seats for Swift's upcoming concert tour, top legal...

Senators to FTC: Probe Twitter security, take needed action

Nov. 17, 2022 18:08 PM EST

WASHINGTON (AP) — Reacting to the tumult and mass layoffs at Twitter under its new owner Elon Musk, a group of Democratic senators on Thursday asked federal regulators to investigate any possible violations by the platform of consumer-protection laws or of its data-security commitments. ...

House panel to hold hearing on crypto exchange FTX collapse

Nov. 16, 2022 17:52 PM EST

WASHINGTON (AP) — Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars. The House Financial Services...

'Zombie Debt': Homeowners face foreclosure on old mortgages

Nov. 16, 2022 00:07 AM EST

Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. “I was shocked,” said Prophete, who refinanced her two-family home in 2006, six years after arriving from...

Frontier, 5 other airlines to refund more than $600 million

Nov. 14, 2022 19:30 PM EST

Frontier Airlines and five foreign carriers have agreed to refund more than $600 million combined to travelers whose trips were canceled or significantly delayed since the start of the pandemic, federal officials said Monday. The U.S. Department of Transportation said it also fined...