The company is barred from making deceptive claims and is required to safeguard customers' private information.
LifeLock Inc. has agreed to pay $11 million to the Federal Trade Commission and $1 million to a group of 35 state attorneys general to settle complaints that the company used false claims to promote its identity theft protection services -- which it widely advertised by displaying the CEO’s Social Security number on the side of a truck.
In one of the largest FTC-state coordinated settlements on record, LifeLock and its principals will be barred from making deceptive claims and required to take more stringent measures to safeguard the personal information it collects from customers.
“While LifeLock promised consumers complete protection against all types of identity theft, in truth, the protection it actually provided left enough holes that you could drive a truck through it,” FTC Chairman Jon Leibowitz said.
Domino's is teaming with fire departments to push fire safety. Some people will get free pizza -- but they'd better avoid 'puffery.'
If they are, you could get your pizza free as well as have it delivered on a firetruck. Won’t the kids like that?
Just be sure you don’t engage in any "puffery," and we don’t just mean the kind you do with cigarettes, or Domino’s may take your pizza back. We’re kidding about that part. Sort of.
Where is it written that you need to live like a pharoah? To attain bumhood, you need a home you can truly afford.
We’ve been talking, on and off, about routes to financial freedom, defined as a life off the day-job treadmill that leaves you free to do what you want to do with your time, not what someone else decides you should do.
It takes time to achieve this freedom. You need get enough education or vocational training to land a job that will produce enough income to allow you to build savings, and you need to live not only within that income but below it. An important part of your early-escape strategy is to get a roof over your head that’s paid for.
Yes. Pay off your mortgage.
The percentage of American workers with no savings rises for the third year.
More Americans are ill-prepared for retirement, according to the Employee Benefit Research Institute's 20th annual Retirement Confidence Survey.
The percentage of workers who said they have less than $10,000 in savings grew to 43% in 2010, from 39% in 2009. Their savings do not include the value of primary homes and defined-benefit pension plans.
- Video: The five R's of retirement
And more workers said they have virtually no savings and investments at all: 27% said they have less than $1,000 in savings, up from 20% in 2009.
Auto recalls may be the key to haggling over any new or used car.
Pointing out the flaws of an item is Haggling 101 -- and the spate of recent auto recalls has given consumers plenty to negotiate with.
Since November, Toyota has recalled more than 8 million vehicles worldwide, some 5.5 million of those in the United States. Congress is investigating the automaker’s response to malfunctions including faulty accelerator pedals and floor mats that jammed pedals. Smaller recalls in February covered glitches with brakes and front drive shafts.
Toyota isn’t alone in pulling cars from the market, either. Nissan recalled 539,864 cars in early March -- the largest recall in the automaker’s history -- for brake pin and fuel gauge problems. That same week, GM announced it would recall 1.3 million compacts to repair power-steering motors.
Recalls spur competition among car makers. A brand with a recent recall is eager to polish its reputation by keeping sales steady, says Jeff Bennett, a professor of automotive marketing at Northwood University in Midland, Mich. Other car companies are more willing to lower prices to lure away the affected brand’s loyal but anxious buyers. In either case, consumers may be able to pay little more than invoice price (i.e., what the dealership pays for the car).
But getting a good deal isn’t as simple as showing up at the lot with a Toyota and a nervous tic. Here’s what to consider based on what you want to buy:
It's not nearly as good a deal as you may think.
The mortgage interest deduction is one of the most celebrated tax deductions in all of tax deduction-dom. It’s cited as one of the benefits of homeownership, right behind “you’re not throwing your money away,” and it is repeated over and over again. Unfortunately, I believe it’s misrepresented. It’s not as good as you think.
I’ll explain why.
Finding the money to pay off debt or build savings doesn't have to make life dull.
If your goal is to destroy debt or build savings, you're going to need to find extra money in your current budget. I've recently shown you 28 tips to save on groceries, 18 ways to save on clothes and 16 tips to save on home improvement.
Now it's time to tackle another expense that can soak up the cash: entertainment.
Efforts are afoot to prohibit companies from pulling credit reports of most prospective hires.
Should an employer have access to your credit report when you’ve applied for a job? Is that really fair? What if you can’t pay your bills because you were laid off or had major medical bills?
More lawmakers think it’s not. At least 16 states are considering a ban on employer access to credit reports unless they're filling law enforcement jobs or those that involve handling lots of money. Hawaii and Washington state already have similar laws on the books. (A federal version was introduced but apparently is going nowhere in Congress.)
Credit reports can affect your access to credit and how much interest you’ll pay, and increasingly, whether you’ll be hired. A recent survey by the Society for Human Resources Management found that:
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