Sunday, February 3, 2013
New law went onto effect Jan. 27 and could raise your bill by 4 percent.
Stores can now pass along their credit card transaction fees -- typically between 1.5 and 4 percent -- to consumers, thanks to a settlement in a class-action lawsuit brought by retailers, including Safeway. The suit alleged that banks and credit card companies worked together to keep the transaction fees high, according to a recent story in the Philadelphia Inquirer. While it is not mandatory for stores to charge the fees, a spokesperson for Consumer Action told Bloomberg that "smaller, independent stores may be more willing to levy the fees because they pay higher charges to banks for credit card transactions and don’t have the bargaining power to negotiate lower ones." Ten states already have banned the fees, but as of the time of this …
Thursday, November 15, 2012
Ira Ludwick told WUSA9 Pepco has corrected the mistake -- but only after he called the television station to investigate.
A Bethesda salon owner was sure his $11,000 Pepco bill was a mistake. But according to a WUSA9 report, when he called to complain, Pepco told him his bill wasn't $11,000 -- it was, in fact, $19,000. Ira Ludwick, who recently opened the Ira Ludwick salon in the Georgetown Square Shopping Center, told WUSA9 he was shocked when he received the bill and asked Pepco to investigate. "The results of the investigation were an insult," Ludwick told WUSA9. "I got a one sentence letter stating that upon a review of your account, it has been determined that the meter reading is correct and your bill is now due." After Ludwick called a consumer protection agency and WUSA9, he says the billing issue has been resolved -- Pepco was billing him for a meter…
Wednesday, May 18, 2011
Nearly 600 attend consumer protection forum featuring Elizabeth Warren in Silver Spring.
Downtown Silver Spring became ‘Ground Zero’ Tuesday night in the nation's long-running financial reform and consumer protection debates, as nearly 600 Montgomery County residents flocked to the Silver Spring Civic Building to hear Elizabeth Warren and a range of local and state consumer protection officials discuss "Financial Consumer Protection For Today’s Economy.” Rep. Christopher Van Hollen, D-Md., the nationally-known 8th District Congressman, hit upon a hot-button issue with this event which featured Warren as the keynote speaker. More than 30 local, state and federal agencies and nonprofit groups distributed brochures and booklets to a large audience with many consumer concerns. It was timely as well, as Warren is currently at the …
Max Dale
8:01 pm on Tuesday, January 17, 2012
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