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Month: March 2015

Gotchas / Consumer

New rules would (finally) place limits on payday loans, ‘end debt traps’

March 30, 2015 Bob Sullivan 0

Payday lenders would face a new set of restrictions under rules being proposed Thursday by the Consumer Financial Protection Bureau. The rules include requirements that lenders ensure borrowers have the ability to repay the loans, and limits to the number of times consumers can renew the loans. The proposal covers [Keep reading]

Gotchas / Consumer

‘Secret’ cell phone plans could save you 50%, so why are carriers embarrassed by them?

March 30, 2015 Bob Sullivan 5

It’s fun to watch the wireless carriers struggle to keep their prices sky-high while still dipping into the “low end” of the market.  It’s quite a contorted two-step.  It requires downgrading certain phones and services, or otherwise hampering them from working at full efficiency to make a low-value product, but [Keep reading]

Cybercrime / Privacy

Your location has been shared 5,398 times …. ‘Are you kidding me?’

March 27, 2015 Bob Sullivan 0

Even for researchers experienced at examining technology that might be invasive, this warning was alarming: “Your location has been shared 5,398 times with Facebook, Groupon, GO Launcher EX and seven other apps in the last 14 days.” The warning was sent to a subject as scientists at Carnegie Mellon University were studying [Keep reading]

Gotchas / Consumer

Getting rich off car loans to the poor; as subprime market heats up, so do legal inquiries

March 25, 2015 Bob Sullivan 0

A couple of years ago, I started hearing from consumers who said their cars were wrongly repossessed by a bank named Santander. I knew Banco Santander from spending time in Spain, but as I researched these claims, I was surprised to learn of Santander’s rapid expansion in the U.S., driven [Keep reading]

No Picture
Gotchas / Consumer

ARCHIVE: Huge Eurobank, rated ‘Britain’s worst,’ now accused of gouging US consumers

March 25, 2015 Bob Sullivan 1

PUBLISHED DEC. 9, 2011 — The accusations are as outrageous as they were plentiful:  Hundreds of “robocalls” —  in one case, 800 to a single person — to collect auto loan debts;  illegal repossession of cars from active duty military deployed overseas;  late fees assessed three years after the fact [Keep reading]

Privacy

NYC joins list of cities hiding microphones so cops can listen to us

March 24, 2015 Bob Sullivan 0

They might not be hiding listening devices in our cheese, as overly paranoid Rob Lowe frets in the famous TV commercial. But they are hiding microphones in our cities.  Perhaps I’m being Overly Paranoid Bob Sullivan, but I’m unconvinced we’ve had a decent public conversation about this. On St. Patrick’s [Keep reading]

The Restless Project

Why big data picks defense over offense in sports, and has your business on the defensive

March 23, 2015 Bob Sullivan 0

It has been gnawing at me for a while. Why are are most professional sports leagues hurting for offense?  After all, we live in the age of spreadsheets and video cameras. Every athlete has access to hundreds of angles on every action they take on the field, or in the rink. [Keep reading]

The Restless Project

A better way to buy and sell homes?

March 20, 2015 Bob Sullivan 1

There are a lot of hurdles when it comes to getting a property. You have to spend lots of time finding your perfect house. Then you have to get someone like Your Building Inspector Gold Coast to make sure there aren’t any major faults with the building. Once you’ve done [Keep reading]

The Restless Project

Young people are moving to places where homes are hard to buy, but they don’t have to

March 18, 2015 Bob Sullivan 0

Young people are flocking to big, expensive cities, according to data crunched by housing market information service RealtyTrac, and that might not be the greatest of ideas. Well, if you look at the chart above. you will see that young folks are moving to the Washington D.C. area, which occupies [Keep reading]

Gotchas / Consumer

Tales from debt collector boiler rooms — ‘put away the kids and the dogs’

March 16, 2015 Bob Sullivan 0

The voicemail would be enough to give anyone chills. “Hello, this is Detective Jeff Ramsey. I am attempting to touch bases with (you)… I will be back out to your place of residence … between the hours of 4 and 6 p.m. You are to have two forms of identification, no [Keep reading]

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About me

BOB SULLIVAN is a veteran journalist and the author of four books, including the 2008 New York Times Best-Seller, Gotcha Capitalism, and the 2010 New York Times Best Seller, Stop Getting Ripped Off! His latest, The Plateau Effect, was published in 2013, and as a paperback, called Getting Unstuck in 2014. He has won the Society of Professional Journalists prestigious Public Service award, a Peabody award, and The Consumer Federation of America Betty Furness award, and been given Consumer Action’s Consumer Excellence Award.

Bob Sullivan

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