Latest in Consumer News

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Some retailers misled shoppers on Black Friday savings

For both Black Friday and Cyber Monday sales, retailers know that shoppers love a bargain, so the bigger the savings they can claim, the more sales they will likely ring up. Telling shoppers they can save hundreds of dollars by buying now is potent advertising.

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Strangers can talk to your child through “connected” toys, investigation finds

A consumer group is urging major retailers to withdraw a number of “connected” toys likely to be popular at Christmas, after finding security failures that it warns could put children’s safety at risk. With each of these toys, the Bluetooth connection had not been secured, meaning the researcher did not need a password, pin or any other authentication to gain access. Little technical know-how was needed to hack into the toys to start sharing messages with a child.

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FCC Unveils Plan to Repeal Net Neutrality Rules

The Federal Communications Commission will vote Dec. 14 on a plan to undo the landmark 2015 rules that had placed Internet service providers under the strictest-ever regulatory oversight. The vote is expected to repeal so-called net neutrality rules, which prevent broadband companies from slowing down or blocking any sites or apps, or otherwise deciding what content gets to users faster.

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Republicans could fund tax cuts by raiding workers’ 401K savings

Republicans in Congress want to pass a tax cut. That’s kind of their thing. But taxes fund things; the government uses the money. But slashing the maximum limit for 401(k) contributions is unlikely to be warmly greeted by pretty much anyone.

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Student loan defaults increase for first time in five years

For the first time in half a decade, the rate of education loan defaults among recent college students has risen, highlighting the struggle many recent graduates face when it comes to paying their educational debts. The default rate remained steady for students who had enrolled in public schools, while it increased for students at private and for-profit colleges.