promoearn: The Daily Money: Some recalled toys are still for sale

Wednesday, December 21, 2022

The Daily Money: Some recalled toys are still for sale

ALL THE MONEY NEWS YOU NEED TO KNOW

Wednesday, December 21

Well, many of us are halfway through the work week! It's Wednesday, and this is Charisse Jones with your Daily Money headlines.

Once a toy is recalled, you can't buy it right? Wrong.

More than two dozen toys have been recalled this year, the most since 2013. But as of Dec. 8, a USA TODAY analysis found at least eight were still being listed by third party sellers, a potential danger for parents shopping this holiday season.

It is illegal for recalled toys to be sold, according to the Consumer Product Safety Commission, and online retailers say they are taking steps to address those that slip through. But in the meantime, consumers can protect themselves by checking the CPSC's website and those of toy manufacturers to make sure they're not buying an item that's officially been removed from shelves.

Wells Fargo to pay $3.7 billion

Wells Fargo, which has faced repeated scandals over its fees, sales and lending practices, will pay $3.7 billion to address the latest accusations leveled against it.

The Consumer Financial Protection Bureau says the bank must pay $2 billion to the more than 16 million consumers impacted by practices that included improperly charging fees and interest on car loans and turning down mortgage loan modifications. Wells Fargo must also pay a $1.7 billion fine, the biggest penalty ever imposed on a bank by the CFPB.

As of Nov. 3, there had been 27 toy recalls had been issued in the U.S. this year. Yet, as recently as Dec. 8, several of the toys were still being sold by a range of retailers including Facebook Marketplace and eBay. The recalled toys still listed on some retail sites include Epoch Everlasting Play's My First Activity Desk, several date codes of the Blue's Clues Foot to Floor Ride-on toy and Asweets' Wonder & Wise Activity tables.

As of Nov. 3, 27 toy recalls had been issued in the U.S. this year. Yet, as recently as Dec. 8, several of the toys were still being sold by a range of retailers including Facebook Marketplace and eBay. The recalled toys still listed on some retail sites include Epoch Everlasting Play's My First Activity Desk, several date codes of the Blue's Clues Foot to Floor Ride-on toy and Asweets' Wonder & Wise Activity tables.

USA TODAY Illustration

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About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TL;DR version: how decisions by the Federal Reserve, government and companies impact you.

Follow Charisse Jones on Twitter: @charissejones.