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News

2014

October

20
  • A rate cap for all consumer loans. The Obama administration has proposed much-needed improvements in federal rules that are supposed to protect service members from predatory loans that trap them in debt and, in certain circumstances, can end their military careers. The…
  • A rate cap for all consumer loans. The Obama administration has proposed much-needed improvements in federal rules that are supposed to protect service members from predatory loans that trap them in debt and, in certain circumstances, can end their military careers. The…
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  • The dark market for personal data. The reputation business is exploding. Having eroded privacy for decades, shady, poorly regulated data miners, brokers and resellers have now taken creepy classification to a whole new level. They have created lists of victims of…
  • Are student loan borrowers being ‘driven into default’?. Student loan borrowers are not getting enough help avoiding default, according to a report released Thursday by the Consumer Financial Protection Bureau.  “We are hearing from consumers that they are driven into default because private…
  • Government to close loophole on substandard insurance. Insurance consultants were surprised recently to learn that Obama administration rules allow large companies to offer their employees 2015 health plans that don’t include hospital benefits. Now the administration is concerned, too. Treasury Department officials…
  • Why the poor pay $4,150 for a $1,500 sofa. Five years into a national economic recovery that has further strained the poor working class, an entire industry has grown around handing them a lifeline to the material rewards of middle-class life. Retailers in the…
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  • Hotel burns down, declines to reimburse guests. When a small company ducks responsibility for a bad customer experience, I usually figure the operators are inexperienced at this sort of thing or don't care what people think. But when a big company —…
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  • Used cars out of range financially for many Americans. Most people bought their first used car by scraping together some cash and buying whatever they could afford. While that's still the case for millions of people, a new study says millions others cannot afford…
  • Beware when you co-sign: Your name’s on the line. A greater percentage of people 60 or older have student loans. Now, it’s not a large percentage — less than 5 percent in 2014 — but the average amount has increased to $27,168 from $14,696…
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  • Before the advice, check out the adviser. ...The Toffels question whether they were given financial advice that was truly in their best interests. Like many consumers, they say they didn’t realize that their broker wasn’t required to follow the most stringent requirement…
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