Would You Buy This For Your Kid?

November 15, 2013 at 8:07 am Leave a comment

Yesterday, a colleague forwarded to me a news report from a Tuscon, AZ television station that was so disturbing at first I thought it was a joke.  Unfortunately, it’s no joke and what it says about the mentality of certain corporations disturbs me.  See for yourself (http://www.myfoxphoenix.com/story/23964173/2013/11/13/robbery-toy).

Just in time for the holidays, Playmobile released a 126-piece bank robbery toy set, including an armed bank robber, tellers and a crow bar to break the Automated Teller Machine (ATM).  Police are, of course, sold separately.  At least in the Tuscon area, Toys ‘R’ Us thinks the toy is worthy of stocking.  Far from being embarrassed, the company defends their product as helping little tykes everywhere differentiate good guys from bad guys.

Somehow I don’t think the “creators” of this toy would see much educational value, let alone something worthy of being put under the Christmas tree, if they had personally had a gun stuck to their head.  Somehow I don’t think they would have smiling tellers if they heard stories of terrified moms and dads being told to hand over cash as their lives were being threatened.  I don’t know what it says about modern-day business that someone can come up with an idea like this and it actually becomes part of a company’s product line as opposed to a good reason for firing the lunatic before he does some real damage to the company’s reputation.  Last, but not least, what the heck is Toys ‘R’ Us thinking?  The space of major retailers is among the most precious commodity in business.  Who at this Toys ‘R’ Us looked at this toy and said that this is the best they could do?

New York Clamps Down on Unsolicited Checks

Earlier this week, Governor Cuomo signed legislation (Chapter 467) deterring financial institutions from sending out unsolicited convenience checks to consumers.  Specifically, where a consumer is sent convenience checks aligned with an existing account or granting a line of credit, he or she is not responsible for the use of those funds by a third-party.  However, given the way the bill was drafted, it doesn’t actually prohibit institutions from sending these checks, so long as they are willing to gamble that the consumer will be the ultimate user (http://open.nysenate.gov/legislation/bill/A3601-2013).  The bill took effect immediately.

Entry filed under: General, New York State. Tags: , , , , .

Two Things You Won’t Be Hearing About Today Are largest banks getting a Dodd-Frank pass? You bet.

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Authored By:

Henry Meier, Esq., General Counsel, New York Credit Union Association.

The views Henry expresses are Henry’s alone and do not necessarily reflect the views of the Association.

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