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Thursday, dec 19
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News
Ford Issues Recall For 1.2 Million Vehicles
Ford is recalling more than a million vehicles after announcing three safety recalls that could impact U.S. customers. The largest of the recalls impact Explorer SUV models that were produced from 2011 through 2017 due to a fractured rear toe leak in the suspension. In total, that recall is impacting approximately 1.2 million vehicles. According to Ford, Explorers subject to recall are “exposed to frequent full rear suspension articulation (jounce and rebound)" may experience the toe link failure, a condition that could significantly impact the vehicle's ability to be steered, increasing th…
Business
Citigroup Will Refund 1.75 Million Credit-Card Customers $335M
One of the world's largest credit-card issuers said it will issue a whopping total of $335 million in refunds to U.S. customers whose annual percentage rate should have been lower. New York-based Citigroup said a method that it utilized to calculate annual percentage rates did not properly reflect the full benefit customers should have received for good behavior, including paying on time. Approximately 1.75 million credit card accounts were affected since 2011. Refunds will be about $190 per customer. Will you be getting cash back? You'll have to wait to find out. Citigroup said it's now …