Content Tagged As consumer
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US consumer debt up $16.2 billion in January
March 7, 2013 3:23 PM
WASHINGTON (AP) - Americans stepped up borrowing in January to buy cars and attend school, while staying cautious about using their credit cards. The Federal Reserve says consumer borrowing rose $16.2 billion in January from December to a total of $2.8 trillion. That's the highest level on record. A category... more » -
Judge says auto dealers must give credit notice
May 25, 2012 1:03 AM
WASHINGTON (AP) - A federal judge says auto dealers who use consumers' bad credit histories to charge them more interest on car loans must tell buyers they have negative information on their credit report, even if the loan is farmed out to a bank or finance company. That ruling came... more » -
Consumer spending up for first time in 20 months
August 29, 2011 8:46 AM
WASHINGTON (AP) - Consumers rebounded in July to lift spending after the first decline in 20 months. The boost is likely to ease fears that the U.S. economy is on the verge of another recession. The Commerce Department says consumer spending rose 0.8 percent in July. Personal income increased... more » -
Legal clinic to address bankruptcy and credit issues
October 20, 2010 3:45 PM
Attorneys will volunteer their time for a low-cost clinic in El Paso County covering the topics of bankruptcy, creditor/debtor rights, consumer protection and debt collection. The Court Care clinic will be held on Saturday, Oct. 23, from 9:00 a.m. to 1:00 p.m. at the Penrose Library, 20 N. Cascade... more » -
4 deaths prompt Graco stroller recall
October 20, 2010 8:33 AM
Baby gear maker Graco is recalling about 2 million strollers after receiving reports of four infant strangulations in the strollers. The Consumer Product Safety Commission, which announced the recall Wednesday, said the infant strangulations occurred between 2003 and 2005. The strollers being recalled are older versions of the... more » -
Consumers cut credit card borrowing for 24th month
October 7, 2010 3:15 PM
Consumer borrowing fell again in August as consumers cut back on credit card use for the 24th consecutive month. The Federal Reserve says that borrowing by consumers declined by $3.3 billion in August. That marked the 18th drop in the past 19 months. Borrowing increased modestly for one-time... more » -
April consumer spending falls from March
May 13, 2010 8:36 AM
New figures show Americans pulled back from the malls in April after spending more rapidly in March. The lull comes on the heels of three straight month-to-month gains in retail spending, according to figures released by MasterCard Advisors' SpendingPulse. April's business was hurt by cool weather as well as... more » -
Anthem Blue Cross sued over price hikes
March 1, 2010 7:21 PM
A group suing Anthem Blue Cross claims California's largest for-profit health insurer is manipulating coverage and forcing patients into policies with higher deductibles but fewer benefits. Consumer Watchdog filed the lawsuit Monday in Ventura County Superior Court. It accuses Anthem of violating a state law requiring health insurers to... more » -
Consumer confidence falls sharply
February 23, 2010 10:59 AM
A monthly poll shows consumers' confidence took a surprisingly sharp fall in February amid rising job worries. The decline ends three straight months of improvement and raises concerns about the economic recovery. The Conference Board says its Consumer Confidence Index fell almost 11 points to 46 in February, down from... more » -
Safety commission warns crib makers
February 17, 2010 5:35 PM
The makers of children's products are hearing a stern warning from one of the nation's top safety officials. The head of the Consumer Product Safety Commission says the makers of toys, cribs and other children's products need to put safety first. If not, she says, they'll face possible fines, lawsuits... more » -
AP Poll: Economy still troubles most Americans
September 14, 2009 8:14 AM
A new poll suggests the economy still trouble most Americans one year after Wall Street teetered on the brink of collapse. According to a new Associated Press-GfK poll, seven out of 10 Americans lack confidence the federal government has taken safeguards to prevent another financial industry meltdown. Even more --... more »
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