consumers

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Every day, thousands of AARP staff and volunteers bring AARP public policies to life when they fight on behalf of older Americans and their families in all state capitals and Washington, D.C.
Scam map
Fraud is a growing problem across the U.S., with more than 1.2 million fraud-related complaints reported to the Federal Trade Commission’s Consumer Sentinel Network (CSN) in 2015 alone. Among those complaints, a total of $765 million was lost by consumers who fell victim to scams, according to CSN’s February 2016 data book.
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You better shop around.
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AARP encourages Americans to review their health insurance options during the Affordable Care Act (ACA) open enrollment period that started Sunday. Open enrollment (from Nov. 1 to Jan. 31) is an important opportunity for consumers to find a plan that could save them more money, offer better services, or include more of their doctors.
Hearing aid technology
With only a fraction of the estimated 30 million older Americans with age-related hearing loss using hearing devices, “the time is ripe for a technology solution that could be helped along by federal action,” said geriatrician Christine Cassel, M.D., last week in a report on hearing issues before a government advisory council.
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Federal Reserve policymakers will meet next week to decide whether to raise a key interest rate. If they do, it’ll be the first time since June 2006.
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Advertisements touting reverse mortgages often leave older consumers confused about the loan terms and unaware of the risks, according to a new report from the Consumer Financial Protection Bureau.
Average Annual Generic Drug Retail Price Declines by Year (chart)
En español | Prices for generic drugs most commonly used by older Americans fell by the smallest percentage since 2006, with 1 in 4 rising in price — some by more than 1,000 percent, according to a new report from AARP’s Public Policy Institute (PPI).
Rainy day savings
While waiting in line last week at Starbucks, I realized that I was the only “guest” ordering black coffee — not a grande, no-foam macchiato concoction — and the only person using cash. The mostly millennial customers were flashing a smartphone app or swiping credit or debit cards.
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The Consumer Financial Protection Bureau (CFPB) is proposing new rules to restrict high-cost payday and car-title loans that often leave borrowers in worse financial shape.
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