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Not so certain about jobs. The Consumer Confidence Index jumped nearly six points in February to 70.4, its highest level in three years, The Conference Board reported Tuesday. The index, based on a survey done through Feb. 10, was up from 64.8 in January. Rising optimism about the future contributed to the gain. The Present . . . → Read More: Consumer Confidence at Highest Level in 3 Years The Obama administration has released a much-anticipated proposal for overhauling the troubled U.S. mortgage market. In a 32-page report, “Reforming American’s Housing Finance Market-A Report to Congress,” the government suggests incrementally winding down Fannie Mae and Freddie Mac and also recommends reducing the government’s now-key role in housing financing. The report suggests phasing in a . . . → Read More: Proposal to Limit Government’s Mortgage Role Consumer confidence rose in January after a dip in December, indicating consumers are feeling better about the economy, according to the latest reading of the Conference Board Consumer Confidence Index. The index now stands at 60.6 on a scale of 100, up from 53.3 in December and the highest since May, when the index was . . . → Read More: Consumer Confidence Highest Since May 2010 Consumers will be able to file complaints or concerns electronically via a new product safety database the U.S. Consumer Product Safety Commission plans for 2011. The CPSC will launch the database in March as part of www.saferproducts.gov. At that point, consumers can post their product concerns directly online. Manufacturers and purchasers can also post comments . . . → Read More: CPSC to Offer Online Product Safety Reporting But company says it is complying with law The New York attorney general’s office has accused mattress manufacturer Tempur-Pedic of violating state law by enforcing minimum retail prices for its products. In a lawsuit filed this week, the state said Tempur-Pedic unlawfully prohibits dealers from discounting, which has resulted in “uniformly high retail prices” and . . . → Read More: New York Attorney General Sues Tempur-Pedic |
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