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Bob Sullivan

Contributor |  In Personal Finance, Identity Theft

Bob Sullivan is author of the New York Times best-sellers Gotcha Capitalism and Stop Getting Ripped Off. His stories have appeared in The New York Times, the Wall Street Journal, and hundreds of other publications. He has appeared as a consumer advocate and technology expert numerous times on NBC’s TODAY show, NBC Nightly News, CNBC, NPR’s Marketplace, Terry Gross’ Fresh Air, and various other radio and TV outlets. He helped start MSNBC.com and wrote there for nearly 20 years, most of it penning the consumer advocacy column The Red Tape Chronicles. See more at www.bobsullivan.net. Follow Bob Sullivan on Facebook or Twitter.

Comcast Just Got Hit With a Record Fine

Personal Finance

Comcast Just Got Hit With a Record Fine

Comcast Just Got Hit With a Record Fine

Comcast has agreed to pay the largest civil penalty the Federal Communications Commission (FCC) has ever assessed a cable operator to settle charges it billed consumers for equipment and services they never ordered. I wrote a couple stories nearly two years ago about “drive-by” modem upgrades that Comcast was pushing on consumers around the country... Read More

3 Things That Make You More Likely to Be a Fraud Victim

Identity Theft

3 Things That Make You More Likely to Be a Fraud Victim

3 Things That Make You More Likely to Be a Fraud Victim

Using social networks and sharing personal information online can dramatically increase your risk for fraud, a new study has found. It makes sense that consumers who disclose the most about themselves online are at greater risk of becoming fraud victims. But the study claims their increased risk is probably more dramatic than you’d think, and... Read More

Millennials: Will Work for Travel

Personal Finance

Millennials: Will Work for Travel

Millennials: Will Work for Travel

It’s better to work to live, rather than live to work. Millennials are taking that sage advice one step farther, according to a new poll: They work to travel. The ability to travel is nearly as essential a work motivator as food and shelter, millennials told surveyors recently. It’s a result that employers should consider... Read More

Housing Costs Are Rising Faster Than Incomes, Study Finds

Mortgages

Housing Costs Are Rising Faster Than Incomes, Study Finds

Housing Costs Are Rising Faster Than Incomes, Study Finds

Homes are unaffordable in more American cities than any time since the recession began, and housing costs are rising far faster than incomes, according to a study released Thursday by ATTOM Data Solutions. During the third quarter of 2016, 24% of U.S. counties were less affordable than historic averages, up from 19% one year ago,... Read More

Major Title Loan Lender TMX Finance Ordered to Pay $9M for Misleading Customers

Personal Loans

Major Title Loan Lender TMX Finance Ordered to Pay $9M for Misleading Customers

Major Title Loan Lender TMX Finance Ordered to Pay $9M for Misleading Customers

One of the nation’s largest title loan firms was fined $9 million for misleading consumers about their cost of borrowing, federal regulators said Monday. TMX Finance, the parent company of TitleMax, allegedly tricked borrowers into taking out longer-term, more expensive loans, and also used illegal debt collection tactics, according to the Consumer Financial Protection Bureau.... Read More

Home Flipping Frenzy: Should You Be Worried?

Mortgages

Home Flipping Frenzy: Should You Be Worried?

Home Flipping Frenzy: Should You Be Worried?

In another sign that the housing market is beginning to resemble its pre-recession heyday, house flipping is back in style. ATTOM Data Solutions released a report Thursday showing that flipping activity — buying and selling the same home within 12 months — is at its highest level in six years. More investors completed at least one house... Read More

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