Military Service Members: Are You Being Charged Too Much Interest?
Today, we have a handful of new lawsuits and investigations for your perusal – and our stories range from the serious side effects of a popular bladder drug to potentially illegal interest rates. First, we take a look at interstitial cystitis medication Elmiron and its link to retinal damage and even blindness in some patients. Then, military families may be getting charged illegally high interest rates and therefore paying lenders more than they should. Plus, Weight Watchers and ADT are facing their own class action lawsuits over some potentially shady practices – and their customers should know the details. Stay safe out there and read on for the latest.
Elmiron is an oral prescription drug used to treat discomfort or bladder pain associated with interstitial cystitis – but like many drugs out there, it comes with some less-than-desirable side effects. According to recently filed lawsuits, Elmiron carries a heightened risk of retinal maculopathy, which can cause progressive loss of sight, even to the point of blindness. The drug isn’t a cure for interstitial cystitis, but it has been widely accepted and marketed as being able to ease patients’ symptoms with little in the way of side effects. If successful, lawsuits could help provide compensation for Elmiron users who suffered retinal damage. So, if you or a loved one suffered vision changes after taking Elmiron, visit this page for the details.
Attorneys are currently investigating whether some lenders are violating a federal law known as the Military Lending Act, which places a cap on the amount of interest that can be charged for certain loan products. They’re looking into whether some lenders are charging military service members and their families excessively high interest rates. Anything over a 36% APR is considered a violation of the Act and could warrant a lawsuit to help compensate those affected. If filed and successful, a class action could help military families who were illegally overcharged recover $500 or more per violation. Products subject to the Act include payday loans, tax refund anticipation loans and certain student loans. So, if you think your APR is higher than 36% (including fees), head over to this page for more information.
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As we continue to distance ourselves from others and reinvent the way we operate on a day-to-day basis, some companies are still charging their customers like nothing has changed. For some products and services, this makes sense – but when a company continues to rake in money for in-person events that can’t feasibly be attended, things get a bit different. According to a recently filed lawsuit, Weight Watchers is one of the businesses continuing to charge monthly membership fees even though its in-person “wellness workshops” remain shuttered due to COVID-19. The meetings were transitioned to an online platform, but no price change was made to reflect the downgrade in service – plus an additional virtual workshop fee was added on top of the initial cost, the suit alleges. Want more information? Details on the case can be found here.
Home security systems are supposed to provide us with a sense of, well, security. This feeling diminishes quickly, however, when it comes to light that a vulnerability in the system has allowed third parties access for the past seven years. Unfortunately, this isn’t a nightmare hypothetical situation or the plot of the latest blockbuster thriller as ADT is now facing a proposed class action over this very issue. The case was filed by a woman who says ADT informed her mother in April 2020 that the technician who installed their home security system had granted himself remote access three years prior and had used it to spy on the plaintiff—then only a teenager—and the rest of the household nearly one hundred times. These same vulnerabilities within ADT’s “unsecure and unmonitored ‘security’ services” have subjected hundreds of customers to the same “staggering invasion of privacy” over at least a seven-year period, the suit says. Here’s the full story.
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