Flying The Web For News.
  • Career Exam Study
    Career Exam Study
  • US Politics
    US Politics
  • E-commerce Guide
    E-commerce Guide
  • Dropshipping Guide
    Dropshipping Guide
  • Microsoft Exam
    Microsoft Exam
  • IT Career News
    IT Career News

Article Tools/Herramientas de artículos

+ Larger Font/Fuente más grande | - Smaller Font/Fuente más pequeña




Consumer Daily Reports

[unable to retrieve full-text content]

The bank allegedly kept customers in the dark about a higher-yielding account

By Dieter Holger of ConsumerAffairs
January 14, 2025

Capital One has been sued by the Consumer Financial Protection Bureau (CFPB) for allegedly"cheating"millions of customers out of more than $2 billion of interest payments on savings accounts.

When interest rates rose across the U.S., Capital One allegedly froze interest rates on its flagship "360 Savings" account, which promised one of the nation's "best" and "highest" interest rates, the financial regulator said Tuesday.

Around the same time, Capital Onecreated a new savings account, "360 Performance Savings," that differed from the other accountonly in that it paid out more interest, including as much as more than 14 times the "360 Savings" account rate at one point in time, the CFPB said.

Capital One allegedly kept "360 Savings" customers in the dark about the better savings account when it waged a marketing campaign for the higher-yielding accounts, saving the bank more than $2 billion in interest rates it could've paid to those customers, the CFPB said.

The CFPB said the lawsuit aims to stop the conduct, which it calls unlawful, and seeks fines and money to pay back victims.

Capital One didn't immediately respond to ConsumerAffair's request for comment.



Photo Credit: Consumer Affairs News Department Images


Posted: 2025-01-14 18:53:30

Get Full News Story On Consumer Affairs



Listen to this article. Speaker link opens in a new window.
Text To Speech BETA Test Version.



More News From This Category

Consumer News: How your personality shapes the best workout for you

Thu, 10 Jul 2025 01:07:08 +0000

Discover how knowing your style from extrovert to detailoriented can make fitness stick

By Kristen Dalli of ConsumerAffairs
July 9, 2025
  • Matching workouts to your personality can boost both enjoyment and results.

  • Extroverts tend to enjoy high-intensity or group sessions, while those high in neuroticism prefer shorter, private workouts and get more stress relief.

  • Personality traits like conscientiousness link to baseline fitness and activity levels, and neuroticism predicts greater drops in stress after training.


A new study from University College London asked a simple question: Do our personalities influence what workouts we enjoy and how well they work?

The research focused on the "Big Five" traits extroversion, conscientiousness, agreeableness, neuroticism, and openness and tested whether those traits related to fitness levels, session enjoyment, and stress reduction.

We found that our personality can influence how we engage with exercise, and particularly which forms of exercise we enjoy the most, researcher Dr. Flaminia Ronca said in a news release.

The study

For the study, the researchers had 86 volunteers complete the full program. All participants completed surveys measuring stress and Big Five traits before the intervention.

Researchers measured peak oxygen uptake, which is the maximum amount of oxygen your body can use during intense exercise, as well as heartrate measures and general fitness.

An intervention group did home-based cycling and strength training for the duration of the eight-week trial, while a control group maintained their usual routines. Enjoyment of each session was logged via questionnaire.

The results

Ultimately, the researchers identified a link between the Big Five traits and overall fitness.

  • Conscientiousness: Participants high in this trait tended to start with better general fitness and logged more weekly activity.

  • Extroversion: This trait was linked to higher peak oxygen uptake and peak power output, as well as greater enjoyment of highintensity sessions.

  • Neuroticism: This trait was correlated with poorer heart-rate recovery and less enjoyment of sustained, intense workouts.

The study also revealed links between the Big Five personality traits and exercise enjoyment.

Extroverts preferred explosive, high-energy sessions like high intensity interval training (HIIT). On the other hand, highly neurotic individuals felt less enjoyment from longer lab-based or sustained efforts, but they experienced the greatest stress reduction from aerobic training.

Participants who ranked highest in openness actually reported lower enjoyment for very intense workouts an unexpected finding that challenges earlier assumptions.

Those with the most agreeableness aligned with more enjoyment for easy, longer sessions.

What It Means for You

This study shows that recognizing your personality traits can help you pick workouts youll actually enjoy and, in turn, stick with.

  • If you thrive in high-energy, social environments, try high-intensity or group sessions.

  • If you're sensitive to stress or self-conscious, start with short, private workouts your mental health might thank you.

  • Do you prefer structure? A regular routine might feel right.

  • Rather than pushing through discomfort, pay attention to what feels energizing (or not) it might just lead to better results and well-being.

We hope that if people can find physical activities that they enjoy they will more readily choose to do them, senior author Prof. Paul Burgess said in the news release.

After all, we dont have to nag dogs to go for a walk: being so physically inactive that we start to feel miserable might be a peculiarly human thing to do. In effect, our body punishes us by making us miserable. But for some reason, many of us humans seem poor at picking up on these messages it is sending to our brain.


Read More ...


Consumer News: California baby dies in hot car while mother gets lip filler

Wed, 09 Jul 2025 22:07:08 +0000

At least 14 children have died in hot cars so far this year

By James R. Hood of ConsumerAffairs
July 9, 2025

A baby in California died last week after his mother left him and his 2-year-old sibling inside a car while she was getting lip filler at a Bakersfield medical spa on a 101-degree day, authorities said.

Bakersfield Police criticized Maya Hernandez for placing the value of her appearance over the safety and well-being of her children in a report filed in Kern County Superior Court.

It was the latest in a series of similar deaths. In Belcamp, Maryland,a 6-month-old babydied on Sunday after it was left insidea vehicle. In Silver Spring, Maryland, a baby died under similar circumstances on May 7.

There have been at least 14 such deaths so far this year.

Nationwide, at least 1,139 children have died in hot cars since 1990 and at least another 7,500 survived with varying injuries, according todatacollected by the non-profit Kids and Car Safety.

Approximately 88% of children who die in hot cars are age 3 or younger and the majority (55%) were unknowingly left by an otherwise loving, responsible parent or caregiver.

90 minutes in a hot car

It is estimated that Hernandezs children were in the vehicle without air-conditioning for 90 minutes, wrote Det. Kyle McNabb, noting that the internal temperature of a car can rise to a blistering 143 degrees in just one hour of 100-degree weather.

Hernandez told police she found her baby foaming at the mouth and having an apparent seizure after emerging from her procedure at Always Beautiful Medical Spa, according to the police report.
Hernandezs 2-year-old child recovered from the ordeal and has since been placed in protective custody, according to the police report.
Now the 20-year-old mother has been charged with one felony count of involuntary manslaughter and two felony counts of willful cruelty to a child, according to the Los Angeles Times.

Read More ...


Consumer News: Blacks 1.7 times more likely to be denied a mortgage, new study finds

Wed, 09 Jul 2025 22:07:08 +0000

Denial rates vary widely, with two Michigan metros having the highest denial rates

By Truman Lewis of ConsumerAffairs
July 9, 2025

After decades of attempts to level the housing playing field, Black Americans still face a harder path to home ownership than whites, with Black applicants being 1.7 times more likely to be turned down.

Detroit and Grand Rapids, Mich., had the highest denial rates in the nationwide survey conducted for LendingTree.

High mortgage denial rates along with limited generational wealth, income disparities and discriminatory practices are amongthe persistent challenges that keep the Black home ownership rate lower than that of other racial groups.

But these disparities arent uniform. Denial rates and the gaps between Black and overall applicants vary widely across the country.

LendingTree chief consumer finance analyst Matt Schulz says a higher denial rate for Black consumers means limited access to thebenefits of owning a home.

For generations, homeownership has been one of the most powerful tools for building wealth that Americans have. Home ownership isnt cheap, and there are ongoing costs; however, the equity that you can build over the years can be incredibly helpful. Not only can it provide you funding when youre in a financial pinch, but it can also be used in working toward other financial goals, Schulz says.

Photo

Key findings

  • Black homebuyers are 1.7 times more likely to be denied a mortgage than all homebuyers.The denial rate for Black applicants across the U.S. was 19.00% in 2024, compared with 11.27% for all applicants a gap of 7.73 percentage points.
  • Grand Rapids, Mich., Detroit, and Raleigh, N.C.,have the widest denial rate gaps among the 50 largest metros.In the two Michigan metros, Black borrowers experience denial rates exceeding 20.00% 9.75 and 8.54 points higher than each metros rate among all homeowners. In Raleigh, N.C., the gap is 8.44 points.
  • Salt Lake Citys Black denial rate is only 0.24 points higher than its overall rate.San Antonio (1.54 points) and Fresno, Calif. (2.02 points), are the next closest. Three metros each in California and Texas rank among the bottom 10 for the lowest gaps.
  • Black homebuyer denial rates are highest in Grand Rapids, Detroit and Miami, and lowest in Salt Lake City, SeattleandPortland, Ore.Although denial rates can vary across the 50 metros, they exceed 10.00% everywhere but Salt Lake City, at 8.94%.
  • Debt-to-income (DTI) ratio is the leading reason for mortgage denials for Black or all borrowers, but credit history is a prominent obstacle for Black applicants.In 2024, DTI ratios accounted for 34.02% of all denials, compared with 34.08% among Black applicants. However, credit history was the main reason in 24.85% of all denials, compared with 33.16% among Black borrowers, an 8.31-point gap.

Black homebuyer denial rate is 19.00% nationally

Black mortgage applicants are 1.7 times more likely to be denied a home loan than all homebuyers. In 2024, the mortgage denial rate for Black Americans was 19.00%, 7.73 percentage points higher than the denial rate for all applicants, 11.27%.

In what is perhaps a sign of progress, the denial rate disparity between Black and all mortgage applicants in the 50 largest metros decreased from 5.30 percentage points in 2022 to 4.80 percentage points in 2024.

Mortgage denial rates across 50 largest metros: All buyers vs. Black buyers

Year Denial rate, all borrowers Denial rate, Black borrowers Spread
2024 9.47% 14.27% 4.80
2022 9.14% 14.44% 5.30

Source: LendingTree analysis of 2024 Home Mortgage Disclosure Act (HMDA) data.

While the difference in denial rates between Black homebuyers and all buyers has narrowed slightly, the home ownership gap remains wide. The national home ownership rate in 2023 was 65.2%, yet it was 44.7% among Black consumers significantly lower than the rate among white (72.4%), Asian (63.4%) and Hispanic (51.0%) households.

Homeownership rate grows, but so does gap

Thehome ownership rate among U.S. Black householdshas increased over the past decade, as it has for all racial groups. In fact, between 2022 and 2023, the homeownership rate among Black households saw a significant gain. Despite the increase, data shows that the gap between Black and white homeownership rates has grown over the past 10 years, from 27% in 2013 to 28% in 2023.


Read More ...


Consumer News: Nissan develops a competitively priced EV sedan ... but you can't get it here

Wed, 09 Jul 2025 22:07:08 +0000

The U.S. EV market is mostly restricted to large, expensive SUVs

By Truman Lewis of ConsumerAffairs
July 9, 2025
  • U.S. EV buyers face a market dominated by costly SUVs and trucks, with few affordable options under $30,000.
  • China churns out low-cost electric cars, some under $10,000, fueling exports to Southeast Asia, Europe, and beyond.

  • Regulatory hurdles and consumer preferences keep most of these bargain EVs out of American showroomsfor now.


As electric vehicles gain ground globally, a stark divide is emerging: American roads are filling up with large, expensive electric SUVs and trucks, while China and other overseas markets enjoy a flood of low-cost EVs aimed at budget-conscious drivers.

In the United States, automakers have focused on high-margin models like the Ford F-150 Lightning, Chevrolet Silverado EV, and Teslas SUV lineup, often priced well above $40,000. Smaller, inexpensive EVs remain scarce, leaving many American consumers unable to find truly affordable electric alternatives.

Meanwhile, China has become a powerhouse of cheap electric mobility, producing dozens of models that cost less than $15,000or even under $5,000 in some cases, like the wildly popular Wuling Hongguang Mini EV. These vehicles are increasingly finding buyers outside China, particularly in Southeast Asia, Europe, and Latin America, where city-friendly size and low prices make them attractive.

European streets, for example, now host models like the MG4 and BYD Dolphin, offering affordable electric options far below typical U.S. price points.

Nissan's N7

Nissan has successfully developed and introduced the N7 mid-sized electric sedan. It'sselling well in China and Nissan now plans to export it to other globalmarkets, except for the U.S.

Some reviewers have said the N7 resembles a newer Nissan Altima. "It's a clean, if nondescript sedan with headlights clearly inspired by the Ariya," the car site CarBuzz said.

Despite this growing output inexpensive Chinese EVs abroad, most are unlikely to reach American shores soon, hampered by steep tariffs, safety regulations, and geopolitical tensions.

However, industry watchers say the tide could slowly shift, with companies like GM teasing sub-$35,000 EVs for the U.S. market in coming years. For now, the gap between Americas pricey EV landscape and the bargain-filled markets overseas remains as wide as ever.


Read More ...


Consumer News: Ford rolls out “Zero, Zero, Zero” deal after strong first half

Wed, 09 Jul 2025 16:07:08 +0000

Employee-pricing with no money down promo extended

By Truman Lewis of ConsumerAffairs
July 9, 2025
  • Fords employee-pricing-for-all promo boosted first-half sales, helping offset tariff impacts.
  • The new Zero, Zero, Zero deal offers no money down, no payments for 90 days, and 0% interest for 48 months on many 2024 and 2025 models.

  • Popular trucks, Broncos, and electric models like the F-150 Lightning remain excluded from the new offer.


After a strong first half of 2025, Ford is shifting gears from its successful employee-pricing-for-all program to a fresh sales incentive called the Zero, Zero, Zero offer.

Kicking off July 8, the campaign gives customers a chance to get into eligible Ford and Lincoln vehicles with zero down payment, zero percent financing for 48 months, and no payments for the first 90 days.

The strategy, according to Fords U.S. sales and dealer relations director Rob Kaffl, aims to help buyers facing squeezed budgets from high mortgage rates and summer expenses.

Some exceptions

However, while the deal covers a broad lineupincluding the Escape, Explorer, F-150, Mustang, and several Lincoln SUVsFord has carved out significant exclusions.

Models like the 2024 and 2025 Raptors, Maverick, Ranger, Super Duty trucks above XL trim, Transits (except ICE cargo and passenger vans), 2025 Broncos and Bronco Sports, Expeditions, Lincoln Navigators, and electric vehicles like the F-150 Lightning and Mustang Mach-E wont qualify for the new promotion.

In addition, Ford is sweetening the pot for EV shoppers by extending its Ford Power Promise through September 30. Buyers or lessees of eligible electric vehicles will continue to receive a complimentary SAE Level 2 home charger along with free installation, reinforcing the automakers bid to maintain EV momentum despite a cooling market.


Read More ...


Related Bing News Results

Consumer Reports: Top smartphone accessibility features

Mon, 14 Apr 2025 18:43:00 GMT
consumer reports reveals the top accessibility tools that can make a difference. FOR CONSUMER REPORTS RESEARCH SPECIALIST CARLA NOBOA, EVERYDAY TASKS HAVEN’T ALWAYS BEEN EASY DUE TO PHYSICAL AND ...

Consumer Reports: The top 2025 cars, trucks and SUVs - WMUR

Wed, 05 Mar 2025 17:33:00 GMT
With more than 260 new vehicles on the market, finding a safe, reliable and budget-friendly car can be challenging. Consumer Reports tests new vehicles daily, evaluating everything from safety and ...

Rivian’s EVs ranked last on Consumer Reports reliability list

Fri, 06 Dec 2024 13:38:00 GMT
Consumer Reports has put out its annual automaker reliability list, and the top spot is relatively unsurprising: Subaru.What may come as a surprise to some is that Rivian’s EVs are dead last ...

Consumer Reports: Rocket fuel perchlorate in our food - KCRA Channel 3

Wed, 09 Oct 2024 01:36:00 GMT
Consumer Reports recent tests found perchlorate in two-thirds of food samples, with the highest levels in baby and kids food, fast food, and fresh produce – such as boxed mac and cheese and baby ...

Consumer Reports' top rated vehicles | 9news.com

Fri, 01 Mar 2024 23:25:00 GMT
Here are Consumer Reports' top 50 vehicles for 2024 including the Toyota RAV4 Prime, Highlander Hybrid, ... 9NEWS+ has multiple live daily shows including 9NEWS Mornings, ...


Blow Us A Whistle




Related Product Search/Búsqueda de productos relacionados