New York Consumer Law Blog

Wednesday, May 15, 2019

Jury returns $2 billion verdict against Monsanto for couple with cancer -- the biggest so far


A clear statement that there is a price to pay when greed so terribly blinds corporate "persons" that they irreparably harm real people.
 

 https://www.
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Tuesday, May 14, 2019

Rising Rents for Millennials Give Rise to a New Breed of Lender


A 2017 survey of more than 100,000 renters by the National Multifamily Housing Council, a landlord group, showed 3% of those surveyed paid rent with credit cards and 16% said they would do so if their landlords agreed.

“As rents have gone up, we get more and more emails and phone calls where people would ask us if they could pay their rent over time,” said Tony Diamond, founder of StayTony, which manages upscale apartments in the Los Angeles and Atlanta areas.

The company recently joined with loan vendor Uplift—which made a name for itself financing family vacations—to allow its tenants to finance up to three months of rent over a 12-month period.

StayTony hopes its renter loans will appeal in particular to recent college graduates. Through Uplift, it offers loans up to $16,000 that carry no interest for the first six months and an annual interest rate of 15% to 17% on average after that.


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Wednesday, May 8, 2019

Consumer Bureau Moves to Cap Debt Collectors’ Calls, and Allow Texts and Emails


The new rules would bar collectors from making more than seven attempts a week to reach a debtor by phone. Once they make contact, collectors would have to wait a week before calling again.

The new rules also grant debt collectors a concession they have long wanted: allowing the use of email and text messages to try to reach delinquent borrowers.
Read more . . .


Thursday, April 18, 2019

Identity Theft Protections for Minors Signals New Area of Privacy Obligations for Companies


Identity theft protection isn't just for adults anymore. As stories of data breaches and identity theft have become part of the daily news cycle, a recent law enacted by Congress provides increased protection to minors from such attacks. Under Pub. L. 115-175, better known as the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act), parents and legal guardians now have the ability to implement free credit freezes for children under 16.
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Thursday, April 4, 2019

Hundreds of millions of Facebook records exposed on Amazon cloud servers


A vast collection of data on Facebook users was exposed to the public until recently on Amazon's cloud computing servers, researchers have found.

UpGuard, a cybersecurity firm, 

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Friday, March 29, 2019

Wells Fargo CEO Tim Sloan steps down suddenly CNN Digital Rebranding 2014 Matt Egan


While Wells Fargo took steps to fix itself, including replacing senior executives and eliminating its controversial sales goals, new problems continued to emerge.
Beyond the fake-accounts scandal, Wells Fargo has admitted to charging Read more . . .


Tuesday, March 19, 2019

New federal law allows consumers to freeze credit


If you have accounts on your credit reports that you do not recognize, learn more at nyconsumerlaw.
Read more . . .


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