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News

2017

August

23
  • Mr. Trump sides with Wall Street; you lose. The Trump administration has no grounds for blocking the “fiduciary rule,” an Obama-era regulation that requires financial advisers to put their clients’ interests first when giving advice or selling investments for retirement accounts. But blocking…
  • Richard Cordray defends CFPB arbitration rule. Richard Cordray, the head of the Consumer Financial Protection Bureau, went on the offensive Tuesday to publicly defend an agency rule that has roiled Wall Street by allowing consumers to band together and sue their…
  • How to buy the mattress that’s perfect for you. The only thing more exhausting than sleeping on a bad mattress is shopping for a new one. First, you have to withstand mattress salespeople — almost as much pressure as shopping for a car. Then,…
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  • Investment basics (Fall 2017). Investing is necessary if you want to outpace inflation and achieve long-term financial goals. In the "Investment Basics" issue of Consumer Action News, we offer essential information and resources for understanding and managing the costs of investing, vetting financial advisers, avoiding common investing pitfalls and fine-tuning your investment game. We also report on the status of the fiduciary rule—increased protection for investors that is being resisted by some in the industry and government.
  • Investment basics (Fall 2017). Investing is necessary if you want to outpace inflation and achieve long-term financial goals. In the "Investment Basics" issue of Consumer Action News, we offer essential information and resources for understanding and managing the costs of investing, vetting financial advisers, avoiding common investing pitfalls and fine-tuning your investment game. We also report on the status of the fiduciary rule—increased protection for investors that is being resisted by some in the industry and government.
  • Consumer Action guides consumers to avoid investing costs, pitfalls. Resource helps consumers avoid pitfalls as administration’s attacks on investor protections ramp up Washington, DC - As the Trump administration reverses recent advancements in investor protections and savings initiatives, the national consumer advocacy non-profit Consumer…
  • Let consumers sue companies. When a data breach at Home Depot in 2014 led to losses for banks nationwide, a group of banks filed a class-action lawsuit seeking compensation. Companies have the choice of taking legal action together. Yet…
  • FBI warns of spreading W-2 email theft scheme. The IRS is warning businesses about a sharp increase in email phishing scams involving employees' W-2 forms — scams that can put workers’ Social Security numbers and other crucial information in the hands of thieves.
  • Student loan debt crushing older Americans too. The crushing weight of student loan debt isn’t a problem affecting just younger Americans; a new study shows older Americans are shouldering an increasing share of the nation’s collective $1.34 trillion student loan debt.
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  • Americans are buying more food at Walmart. Competition is heating up among U.S. grocery chains, but Americans are increasingly buying their food at Walmart. The retailer on Thursday said food sales had grown to their highest level in five years, as Walmart expands…
  • Former Corinthian students will get debt relief. About 41,000 students who took out private loans to go to Corinthian College will be eligible for debt relief. The Consumer Financial Protection Bureau and 13 state attorneys general said Thursday that they had reached…
  • Are you plagued by a serial get-out-of-debt disorder?. There’s a group of people who suffer from “serial get-out-of-debt disorder.” This ailment typically affects people who live above their means. One long-term effect of this ailment is the inability to save enough for emergencies,…
17
  • Five things Wells Fargo account victims should do. Wells Fargo victims should do what they can to get financial relief from the latest account scandals. Account holders should check bank statements for unauthorized charges. Borrowers — particularly those with auto loans — should…
 

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