The student loan crisis is starting to feel a lot like the housing crisis of the last decade, warns Illinois State Attorney General Lisa Madigan — a swelling economic disaster with millions of fragile borrowers unable to get timely help or good advice. If that seems like an overstatement of [Keep reading]
I’ve been fighting for consumer rights and writing about credit card fraud for a loooong time, and I’d never heard of this. In fact, lots of people in the banking industry have never heard of this. *Not* knowing this has probably cost us both some money through the years, so [Keep reading]
By Christine Gacharná NOTE: High school JUNIORS (and parents), the clock is now ticking. Keep reading to learn what my college-bound teens and I wish we had known last year on May 1! I’ve compiled the information below to help you get a head-start on the process. Dreams, travels, college [Keep reading]
Another all-in-one credit card product has bit the dust, and thousands of consumers are once again getting the shaft. Plastc, said last fall that it had 80,000 pre-orders — many from consumers who put up $155 bucks for the vaporware gadget. The firm announced last night on its website that it [Keep reading]
The America Online “cancel the account” phone call. The Comcast cable guy sleeping on the couch. The United Breaks Guitars song and viral video. These were all big, public moments that allegedly did millions of dollars in damage to the companies involved. Or, did they? Sure, we all got a [Keep reading]
Mortgage debt is rising fast. Nationwide, the average balance owed on a mortgage is $196,014, up 2.5% from the year prior and 6.4% from nine years ago. You’d expect to hear about soaring mortgage debt in pricey places like New York and San Francisco. But — surprise — the top [Keep reading]
Seems like a good week to help airline employees do right by passengers. Delta Airlines just confirmed to me that it has massively bumped up the compensation its employees can offer when bumping fliers — to as high as $10,000. Meanwhile, a relatively new gadget called SkyPro lets flight attendants dole out free miles [Keep reading]
After 24 hours of public and stock market pummeling, not quite equal to the pummeling the airline doled out on its most famous passenger Sunday, United has finally conceded. A day after blaming that passenger for his bloody removal from the flight, CEO Oscar Munez issued a new mistakes-were-made apology. But [Keep reading]
A Tweetstorm about United Airlines. Please read it. Don’t let this story die. Congressional hearings must be… https://t.co/zazc6JAlxR — Bob Sullivan (@RedTapeChron) April 11, 2017 1/Every day, airlines play game of chicken with fliers. Finally, a passenger took them up on it. United won when it brought in ‘backup.’ pic.twitter.com/Tn3TaPm2qb [Keep reading]
For those who’ve never seen an “involuntary …denied boarding” incident on an airplane, today’s United Airlines incident provided a very graphic, tangible example. Rarely does it ever go this far — ultimately, passengers had to be taken off that flight because a passenger’s blood was literally spilled on seats. But [Keep reading]
Bob Sullivan