Lender and check-casher pays $10M in fines, refunds
Ace Cash Express will pay a $5 million fine and issue $5 million in customer refunds to settle charges by the Consumer Financial Protection Bureau that it used false threats, harassment and other bullying tactics to pressure overdue borrowers into taking out additional loans they couldn‘t afford. The Irving, Texas-based payday lender and check-cashing service, which neither admitted nor denied wrongdoing, has storefronts in 36 states and Washington, D.C., including in Pittsburgh.
Food safety violations earn alert for Pine eatery
Patron Mexican Grill on Perry Highway in Pine was hit with a consumer alert this week by the Allegheny County Health Department for a continuing problem with storing food at unsafe temperatures and other food safety violations. Inspection reports for county restaurants are available online at webapps.achd.net/Restaurant/.
Chrysler recalls SUVs for mirror lights
Chrysler says it is recalling 651,000 Jeep and Dodge SUVs because vanity mirror lights that have undergone repairs can short-circuit and start a fire if not reassembled correctly. The recall is for certain 2011 to 2014 Jeep Grand Cherokee and Dodge Durango models.
NHTSA probes Ford cars for steering issues
The National Highway Traffic Safety Administration says it is investigating steering problems in about 500,000 Fords: the 2004 to 2007 Crown Victoria, Grand Marquis and Marauder models.
Whirlpool buys stake in Italian appliance maker
Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker’s counterpart in Italy. The deal announced Friday will put the U.S. company in possession of shares representing 66.8 percent of Indesit’s voting stock. Whirlpool owns Maytag, KitchenAid and other brands.
LG Display unveils 18-inch flexible display
LG Display Co. has developed an 18-inch flexible display that can be rolled into the shape of a thin cylinder, a step toward making a large display for flexible TVs. The South Korean display panel maker said Friday the flexible display has a resolution of 1200 pixels by 810 pixels and maintains its function when it is rolled up.