A recent multistate settlement may help put some money back in your pocket. The $310 million settlement involves 12 Dynamic Random Access Memory (DRAM) manufacturers over claims of price fixing, and it affects almost every consumer and business in Kentucky that purchased computers and other electronic devices from 1998 to 2002.
DRAM is a form of fast and inexpensive data storage found in computers, video game consoles, printers, MP3 players, and other electronic devices. I encourage you to take advantage of this settlement and get what is owed to you. However, in order to benefit from the settlement, you must file a claim by August 1. To learn more about the settlement and submit an online claim, visit DRAMclaims.com.
On Wednesday, my office recognized Military Consumer Protection Day. Military Consumer Protection Day is part of a year-round campaign hosted by the Federal Trade Commission, the Department of Defense, the Consumer Financial Protection Bureau, Military Saves, and other consumer advocacy organizations to empower and engage service members, veterans and their families with information related to pocketbook issues.
My office is proud to partner in this important initiative. We are committed to protecting our service men and women from unscrupulous business practices and assisting them in making wise financial decisions. Our website, ag.ky.gov, also contains a variety of useful information targeted toward issues impacting service members and their families.
For important tips about managing money, dealing with credit and debt, building savings, protecting personal information, recognizing identity theft and avoiding fraud, please visit military.ncpw.gov. Additional information is also available under the "Protecting Our Military Personnel" section of ag.ky.gov.
A New York Times editorial published online this week takes a look at my efforts to protect consumers against the deceptive business practices of some for-profit colleges. As the leader of the national working group of state attorneys general reviewing this issue, I remain committed to standing up for students who have been exploited by schools more interested in making a profit than providing an education. You can read the article here.
Next Monday, I’ll be catching up with WAIN’s Lisa Clark and WLGC’s Jim Forrest. I’m also looking forward to taping Kentucky Newsmakers with Bill Bryant later in the week.