Consumers Union News
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Bank of America Corp. should refrain from charging depositors more fees, Consumers Union said today.
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Subaru, a unit of Fuji Heavy Industries Ltd., was named top automaker in Consumer Reports magazine’s annual rankings as Honda Motor Co., last year’s leader, fell to fourth.
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The Federal Trade Commission’s $2.5 million settlement with Asset Acceptance Capital Corp. is intended to signal it will move against abusive practices in the debt collection industry, agency officials said.
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Debt-settlement companies that offer to negotiate with creditors on behalf of consumers are switching tactics to skirt rules banning up-front fees by working with lawyers and charging retainers.
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The new U.S. consumer agency, which has yet to begin formal operations or write a rule, is already being squeezed between banks and advocacy groups over how to set up a complaint hotline.
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Opponents of AT&T Inc.’s proposed $39 billion acquisition of T-Mobile USA cheered news that the deal was scrapped.
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Toyota Motor Corp.’s revamped Camry, the best-selling sedan in the U.S., won a “recommended” review from Consumer Reports magazine, which has been critical of some of the Japanese automaker’s models.
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Toyota Motor Corp.’s revamped Camry, key to the carmaker’s U.S. sales revival, is likely to win a favorable review from Consumer Reports magazine, which has been critical of other Toyota and Honda Motor Co. models.
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About 30 percent of U.S. consumers said they’d leave their banks over fees for using their debit cards, according to a survey by the Research Intelligence Group.
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Deutsche Boerse AG will likely face an in-depth review by European Union antitrust regulators of its $9.53 billion bid for NYSE Euronext , a deal that would create the largest owner of equities and derivatives markets, lawyers said.
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