News

2019

March

19

• Minorities become their own banks in CA. In Los Angeles, diverse neighborhoods probably wouldn’t exist today without ROSCAs, which are most often run by women. When banks wouldn’t lend to minorities, the kye helped Koreatown business owners cluster

• Thousands of consumer complaints hidden in federal database. Major financial institutions escape scrutiny and regulation, according to NerdWallet.

• Trump renews call to pull NPR and PBS funding. President Trump’s 2020 budget proposal calls for eliminating popular programs such as the Corporation for Public Broadcasting, which helps fund stations such as PBS and NPR, and the National Endowment for the Arts (NEA).

18

• How to negotiate for more college financial aid . An initial college financial aid offer should just be considered a starting point. Parents and students can request more. The best way to make such a request is to write a letter to

16

• Facebook, Google are about to face a ‘reckoning,’ state attorneys general warn. Some of the country’s most influential state attorneys general are signaling they’re willing to take action against Facebook, Google and other tech giants, warning that the companies have grown too big

15

• How to take action on a debt you do not owe. Are you getting harassed for a debt that you do not owe? Well, there may be a few things that you can do to get the calls to stop.

• Why college students take on loans they can't repay. Students take on college debt with the best of intentions. They've been told that a college degree is a ticket to success. That they should pursue their dreams. That student debt is good debt.

• Universidad de Tennessee será gratuita para residentes. Los estudiantes residentes en el estado no pagarán matrícula en la Universidad de Tennessee a partir del año lectivo de 2020.  

14

• ICE is tapping into a license-plate database, raising surveillance concerns. Immigration agents have been tapping into a vast, privately maintained database of license plate numbers gleaned from vehicles across the United States to track down people who may be in the country illegally, according to

• Spending is easy. The hard part? Keeping track.. This may sound strange coming from a personal finance reporter, but I’m not a big fan of traditional budgets — I don’t think they work. I try to keep my own

• Consumer protection wanes under Trump, reports find. Tasked with protecting Americans against harmful financial practices, the Consumer Financial Protection Bureau has taken a less aggressive approach under the Trump administration, according to a pair of new reports. Overall enforcement activity has

• Admissions scandal is a harsh lesson in racial disparities. The students at Ewing Marion Kauffman saw their charter school as something of an equalizer. The shiny, sprawling campus opened in 2011 on the city’s mostly black and economically disadvantaged East Side. Nine out

• ¿Horas extra? No para todos. La Administración Trump rebaja sustancialmente la propuesta de Obama de pagar el horario real de trabajo El departamento de Trabajo ha propuesto ampliar el número de personas que pueden tener derecho

13

• Self-employed or a ‘gig’ worker? Getting a mortgage got easier. As of last week, the two largest sources of mortgage money in the United States—investors Freddie Mac and Fannie Mae—have deployed remarkable new technology that automates underwriting for applicants who are

• Lawmakers blast Wells Fargo chief over scandals. House lawmakers on Tuesday skewered the head of Wells Fargo as he argued that the bank has made vast improvements and turned the page in the aftermath of scandals that led to a slew of

• Elizabeth Warren torches CFPB head for not protecting consumers. Senator Elizabeth Warren (D-Mass.) delivered a scathing attack on the Consumer Financial Protection Bureau (CFPB) on Tuesday, describing current and former directors Kathy Kraninger and Mick Mulvaney as having turned their backs on consumers&mdash

• Uber settles drivers’ lawsuit for $20 million. Uber on Monday settled a long-running legal battle with drivers in California and Massachusetts who wanted the ride-hailing company to recognize them as employees, agreeing to pay the drivers $20 million but not changing their status

• Federal workers should save now in case of another shutdown. There will surely be more shutdown showdowns. Are you prepared for another budget tug of war? If not, here's some advice to help make it through.

12

• Bank deposit advances are payday loans in disguise. In a recent op-ed, Consumer Bankers Association President Richard Hunt asserts that bank payday loans were a service to customers and argues that they should be restarted. The facts, though, show that while these loans

• A trivia crowdfunding app helps pay off student loans. If you're one of the millions of people struggling to pay back your student loans, you know there's no easy solution.