Common Law - The FindLaw Consumer Protection Law Blog

March 2018 Archives

Ford Announces Major Recall of 1.4M Cars

Under product liability laws, companies generally have a duty to protect consumers from potential dangers. That's why when a company discovers that there's a defect in one of their products, it issues a recall. While any type of product can be recalled for defects, it seems that the most common recalls involve food and cars.

The most recent recall involves cars made by Ford Motor Company. More specifically, Ford has issued a recall of 1.4 million vehicles in North America for steering wheel bolts that can potentially become loose.

3 Tips to Protect Your Personal Information

There's a balance between the convenience that advancement in technology has provided with the fact that it's created new avenues for potential scams. For this reason, it's important to be aware of the current scams that are going around during a given period of time, like the FedEx shipping scam that occurred during the holidays, and to take certain steps to protect yourself.

It's also important to report any scams you become aware of, as they can help identify the scammer or at least get the word out. Here are some helpful tips to protect your personal information, so that you don't fall victim to identity theft.

Millennials Are Most Likely to Get Hit With Financial Scams

Young people tend to think they're smarter than their parents and especially their grandparents. But, according to the Federal Trade Commission (FTC), last year Americans in their twenties lost more money in financial scams that those over seventy years old. More specifically, 40 percent of millennials indicated that they lost money to fraudulent schemes compared to the 18 percent of older consumers (those 70 and older) who reported that they lost money as a result of fraud.

Of note, however, is the fact that the median loss for those 20-29 years old was $400, while the median loss for those in their 70s was $621 and those in their 80s or older was $1,092.