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News

2015

March

27
  • GOP blocks Warren's student loan plan. Senate Republicans on Wednesday blocked an effort by Sen. Elizabeth Warren (D-Mass.) to attach an amendment aimed at lowering student loan rates to the budget.
  • The payday industry’s money-making model comes to an end. The payday lending industry markets itself as a helping hand for customers dealing with a short-term cash crunch or one-time emergencies. Lending ads frequently depict dented cars, flat tires, mothers looking worriedly at bills. “We…
26
  • Consumer protection agency takes aim at payday lenders. The Consumer Financial Protection Bureau on Thursday unveiled a new plan that it said would help rein in the $50 billion payday lending industry and prevent low-income borrowers from facing spiraling levels of debt. The…
25
  • Inmates charged fee after leaving jail. Prisoners are often given money when they leave jail. It could be the cash they came in with, money they earned at a prison job or funds deposited by friends or relatives. Recently, prepaid debit…
  • Broadband providers sue FCC to stop net neutrality rules. Broadband providers sued the Federal Communications Commission to try to stop tough new net neutrality regulations, the first step in an expected lengthy court fight over the online traffic rules. US Telecom, a trade group…
  • Handling a heart-stopping letter from the IRS. My heart skipped a beat.  The letter from the Internal Revenue Service was sitting next to the microwave in my kitchen, nearly buried under a stack of junk mail. When I pulled it from the…
24
  • Tell the world your banking horror story. This week marked a small victory over big bank lobbyists — the Consumer Financial Protection Bureau (CFPB) will now allow consumers to publicly share their horror stories when they register a complaint against their bank.…
  • Can achieving retirement security be easier than we think?. With traditional pensions on the wane, wages for typical workers flat-lining and many people living longer, it is no secret that Americans face an ever-increasing challenge to achieve financial security in retirement. a survey released…
  • Fix your student debt crisis. French economist Thomas Piketty has joined the chorus of experts who think that student debt in the United States, if gone unchecked, could undermine economic growth in this country. There are roughly 43 million Americans with…
  • Spike in fraud has experts doubting Apple Pay. When Apple introduced its pay-by-smartphone feature last fall, the company touted the simplicity of the setup. All shoppers needed to do was wave their iPhones in front of a special scanner at the cash register…
23
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  • Social Security email doesn't pass scam smell test. David received an email purporting to be "a special message from Social Security" about new online benefits. It included a link to sign in. "Is this spam?" David wants to know. "I did not click…
 

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