Herb Weisbaum
Contributing Editor at Consumers' Checkbook
Consumer Reporter at Northwest Newsradio
My goal: Save you time and money help you avoid rip-offs & scams. Contributing Editor at https://t.co/7zIHwotH2F, and host of the https://t.co/IYX2daOv9E podcast.
Articles
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5 days ago |
komonews.com | Herb Weisbaum
In a major win for the banking industry, Congress has overturned a Consumer Financial Protection (CFPB) rule that would have limited overdraft fees to $5 at the nation’s largest banks and credit unions (those with more than $10 billion in assets that levy more than 80 percent of all overdraft charges each year). The rule, one of the CFPB’s last regulatory efforts of the Biden Administration, was projected to save U.S. consumers roughly $5 billion annually.
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1 week ago |
checkbook.org | Herb Weisbaum
A federal court judge in Texas scrapped a Consumer Financial Protection Bureau (CFPB) rule that would have limited “excessive” credit card late fees to $8. Judge Mark Pittman, who had already blocked the CFPB from implementing the fee cap, decided the rule illegally prohibited credit card companies from charging “reasonable and proportional” fees.
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1 week ago |
checkbook.org | Herb Weisbaum
In a major win for the banking industry, Congress has overturned a Consumer Financial Protection (CFPB) rule that would have limited overdraft fees to $5 at the nation’s largest banks and credit unions (those with more than $10 billion in assets that levy more than 80 percent of all overdraft charges each year). The rule, one of the CFPB’s last regulatory efforts of the Biden Administration, was projected to save U.S. consumers roughly $5 billion annually.
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1 week ago |
komonews.com | Herb Weisbaum
SEATTLE — If you receive a text message requesting payment for outstanding toll charges, assume it’s a scam. The volume of these fake messages has surged since Checkbook first warned about them in June 2024, when the FBI warned it had received thousands of complaints from at least three states. The scam has now spread “coast to coast,” according to a consumer alert posted earlier this year from the Federal Trade Commission.
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2 weeks ago |
komonews.com | Herb Weisbaum
Buying a late-model used vehicle will become even more challenging as prices rise due to declining supply and higher demand. In early March, the average price for a used car hovered around $25,000, according to Cox Automotive. Industry experts told Consumers’ Checkbook that a sharp decline in lease volume during the pandemic is largely to blame for higher prices. Fewer leases in recent years have led to the “lowest level of three-year-old lease returns since 2013,” according to Edmunds.
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Why Prices for Used Vehicles Are Expected to Increase in 2025. Buying a late-model used car or truck will become even more challenging as prices rise due to declining supply and higher demand. https://t.co/QUrxckIct5 https://t.co/EdB5FacncY
NEW Consumerpedia podcast episode: Tips for Buying a New or Used Vehicle. Consumer Reports shares its 10 Top Picks for 2025 and the latest reliability ratings. Also, the latest on EVs and why used cars are going to cost more this year. https://t.co/3kOSSpEwk0 https://t.co/XAExxQLUw2
Don’t Fall for Bogus ‘Unpaid Toll’ Text Messages: If you receive a text message requesting payment for outstanding toll charges, assume it’s a scam. The volume of these fake messages has surged recently.https://t.co/f17xKe2Oao https://t.co/HGfEvWdNvW