By: Robert J. Nahoum Key amendments to NY GBL § 349 under the FAIR Business Practices Act. Amendments to NY GBL § 349 Aspect of GBL § 349 Pre‑Amendment Rule / Post‑Amendment Rule Scope of prohibited conduct – Pre: Prohibited only deceptive acts or practices that mislead or are likely to mislead reasonable consumers. – Post: Explicitly prohibits deceptive, unfair, and abusive acts or practices, significantly […]
The FAIR Business Practices Act – NY GBL §349 Amended for First Time in 45 Years
Is Your Car Dealer Ripping You Off? How to Analyze a Retail Installment Sales Contract
By: Robert J. Nahoum Walking into a car dealership can feel like entering a high-stakes negotiation. You’ve picked the car and agreed on a price, but then comes the “fateful” moment in the Finance & Insurance (F&I) office. They slide a long, legalistic document in front of you: the Retail Installment Sales Contract (RISC). Most buyers sign it without a […]
Electronic Funds Transfer Act (EFTA) FAQs: Your Rights After Unauthorized Transfers and Banking Errors
By: Robert J. Nahoum What is the Electronic Funds Transfer Act (EFTA)? The Electronic Funds Transfer Act is a federal law, codified at 15 U.S.C. § 1693 et seq., that protects individual consumers who use electronic methods to move money, such as ATM withdrawals, debit card purchases, point‑of‑sale transactions, ACH transfers, and certain wire or remittance transfers. Its purpose is […]
What to Have Ready Before a Free Consultation with an Auto Fraud Lawyer
By: Robert J. Nahoum What to Have Ready Before a Free Consultation With a Lawyer When you contact an auto fraud lawyer for a free consultation, preparation makes a big difference. Taking time to gather the right information and documents helps your attorney quickly understand your situation and offer meaningful guidance. Having these details ready will make the consultation more […]
The Fair Credit Billing Act: What You Need to Know
By: Robert J. Nahoum The Fair Credit Billing Act (FCBA) is a federal law that protects consumers from unfair billing practices. The FCBA applies to open-end credit accounts, such as credit cards, charge cards, and home equity lines of credit. The FCBA covers a wide range of billing errors, including: Charges that you didn’t make Charges for goods or […]
What To Do If You Are The Victim Of Identity Theft
By: Robert J. Nahoum Identity theft is a serious crime that can have a devastating impact on your financial and personal life. If you think you may be a victim of identity theft, it is important to take action immediately to protect yourself. Here are some steps you can take if you are the victim of identity theft: Place a […]
How the Federal Truth in Lending Act Protects Car Buyers
By: Robert J. Nahoum The Federal Truth in Lending Act (TILA) is a federal law that was enacted in 1968 to protect consumers from unfair and deceptive lending practices. TILA applies to a wide range of consumer credit transactions, including car loans. One of the key provisions of TILA is the requirement that lenders disclose certain information to borrowers before […]
How Signing An Auto Sales Contract May Allow an Auto Dealer to Get Away with Fraud
By: Robert J. Nahoum THE PROBLEM You’ve decided to take buy a new car. Like most people, you don’t have enough cash on hand to buy the car outright so you are planning to finance the purchase of your new car. You get to the dealership, find the car you want and negotiate a price. You step into the finance […]
How to Use Consumer Arbitration to Your Advantage
By: Robert J. Nahoum WHAT IS ARBITRATION? As technology advances, our lives have been made easier in many ways. There is no shortage of companies lining up to provide us with one sort of a service or another. Some we pay for like our cell phones, cable, internet and Netflix while others are free like Facebook, twitter and YouTube. One […]
Must You Pay Your Mortgage During the Corona-Economy?
By: Robert J. Nahoum THE PROBLEM We are in the depths of the Corona-Economy, as of this writing, nearly 10 million US workers have already filed for unemployment benefits with far more to come. These numbers do not include gig workers and those still working but fewer hours. Given this extraordinary economic disruption for working Americans, the burden to make […]