News

2019

September

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• 3 things NOT to do with your savings after Fed interest rate cut. The Federal Reserve announced Wednesday that its Open Market Committee had voted to cut the federal funds rate by 25 basis points to a range of 1.75% to 2%.

• Consumer Bureau's complaint database is here to stay, says director. The Consumer Financial Protection Bureau will continue to publish its database of consumer complaints about financial companies, ending — for now — a battle over public access to one of the agency’s most

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• CFPB should lift restrictions discouraging minority home buying. If the housing market is to keep up with the nation’s changing demographics and contribute to our economy’s success, the Consumer Financial Protection Bureau (CFPB) must find ways to make it

• New Mexico announces free college plan for residents. In one of the boldest state-led efforts to expand access to higher education, New Mexico is unveiling a plan on Wednesday to make tuition at its public colleges and universities free for all state residents,

• Trump admin asks Supreme Court to take up challenge to CFPB. The Trump administration and Consumer Financial Protection Bureau (CFPB) on Tuesday asked the Supreme Court to take up a lawsuit challenging the agency’s constitutionality.

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• Americans’ struggles with medical bills a foreign concept in other countries. In France, a visit to the doctor typically costs the equivalent of $1.12. A night in a German hospital costs a patient roughly $11. And in the Netherlands — one of the few wealthy nations other than

• Why you should prioritize paying off student debt over saving for retirement. There are some sound reasons why young adults may want to pay off your students loans before you start saving for retirement.

• Walmart collecting old car seats in exchange for gift cards. If you have an old car seat that your baby has grown out of, you can trade it in to Walmart for a gift card.

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• Some elders from Massachusettes were defrauded of $250K from phone fraud (Chinese). 即便警方多次破案，但電信詐騙仍是埋伏在海外華人身邊的潛在威脅，近日又有馬州華人耆老中招，向騙徒匯款人民幣250萬元(約35萬美元)；為了加強中國公民及僑胞的防範意識、落實「外交為民」，中使館11日赴馬州家園成人日間護理中心，為華人耆老防詐騙支招，同時提供「健在證明」等辦證服務。

• Should we love or hate ‘negative’ interest rates?. Negative rates represent another technique by which central banks, such as the Federal Reserve, try to maintain full employment and low inflation. So, why are they controversial? The answer, is that the case for negative

• Trump's Wall Street rule rollback raises 'too big to fail' alarms. Eleven years after the Lehman Brothers collapse precipitated the worst financial crisis since the Great Depression, “too big to fail” financial institutions are alive, well, and—thanks to Trump-era deregulation—getting

• Counter services tipping: Who gives?. As small, independently owned cafes, smoothie bars and fast-casual restaurants in the United States have adopted customer-facing touch-screen payment systems in recent years—and as credit cards have replaced cash for even the smallest

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• How to avoid financial deadlock —or worse—after one spouse dies. Financial advisors say there should be a comprehensive list of all financial contacts, advisors, attorneys, accountants, insurance professionals, and copies of beneficiary designations. The financially savvy spouse should also prepare a written list or spreadsheet

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• Scammers look for vulnerability, and find it in older people. In March the Department of Justice described criminal cases involving nearly $700 million lost in the previous year by about two million people. The ones hit hardest by this kind of fraud are over 70, and they

• How wiping out $1.5 trillion in student debt would boost the economy. Student-debt cancellation, once viewed as a niche political issue, has now, with loans topping a staggering $1.5 trillion, made it onto the platforms of major presidential candidates.

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• The braking issue of GM cars caused 100 accidents - 3.8M vehicles recalled (Chinese). 通用汽車(GM)因為煞車問題召回美加地區380萬輛小卡車和多功能車，包括6月已在加拿大召回的31萬輛。

• Trump’s housing finance plan will make mortgages more expensive, groups say. The Trump administration’s plan to overhaul the country’s housing finance system would make mortgages more expensive for minority borrowers and aspiring homeowners in the South, the Midwest and rural communities, according

• Blue skies ahead for cheap flights, but read the fine print. Turbulence in the budget airline industry continues to be expected. But for savvy leisure travelers looking for international flights, there are more ups than downs right now. Depending on the airline, return flights are sometimes

• Lawmakers want to give us back the right to sue companies. The House of Representatives Judiciary Committee passed a bipartisan bill, the Forced Arbitration Injustice Repeal (FAIR) Act, that would end forced arbitration. A recent academic study found that 81 of the biggest 100 companies in America have

• Think your credit card is safe in your wallet? Think again. If you’ve swiped a credit card at a gas station that has a hidden skimmer, your information was compromised during the Equifax data breach, or you ordered something from a website infected by