News

2019

May

17

• Don't give up on public student loan forgiveness. New data from the U.S. Department of Education show that 518 borrowers’ federal student loans have been canceled via Public Service Loan Forgiveness as of March 2019. The average amount forgiven was $59,244. While fewer

• Don't be tricked by these student loan scams. When it comes to student loan repayment, beware of financial scams that target your student loans. Here's what you need to know - and what to do about it.

• How to prepare for the next recession. When the economy goes south, the United States traditionally has two ways of dealing with it. The Federal Reserve cuts interest rates. And Congress passes spending increases or tax cuts to try to put more

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• FCC wants phone companies to start blocking robocalls by default. The Federal Communications Commission is proposing to push phone companies to "block unwanted calls to their customers by default." This would be a major change from now, when customers typically need to opt

• How to fix mistakes on your credit report that could cost thousands. Complaints about credit reporting, credit repair services and issues such as errors on individual consumer credit reports made up 43% of all the complaints made to the Consumer Financial Protection Bureau, according to an

• 5 things that changed for consumers since Trump became president. Every president brings change. Laws change. Regulations change. The direction of the country changes. That’s what happens. But drop your political lens for a moment. Think consumer protection. What happens if you&rsquo

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• CFPB remembers its job is to protect consumers. The Consumer Financial Protection Bureau, under the Trump administration, has been a consumer watchdog in name only. So it’s news that the bureau is once again doing its job. The CFPB filed a

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• Beware of a new scam where your iPhone is "kidnapped" after downloading games for free (Chinese). (本報記者)詐騙手法可說是越來越多，除了大家都知道的老套詐騙、假團購真詐財、重複扣款等等，最近又有新的騙術出現，而且這次還是利用 蘋果公司（Apple） 的防範機制，來綁架你的 iPhone，對手機不了解的人、學生非常容易上當，心急之下可能就會匯款給對方。

• For-profit colleges need state oversight. The Trump administration has shown no interest in keeping a watch on this troubling industry.

• New tax will help Washington residents pay for long-term care. Eligible residents who live in Washington State will have a new benefit available to them starting in 2025: a $100-per-day allowance for a variety of long-term care services, which will last up to a year.

• Toys, phones, and sneakers: Chinese goods Trump wants to tax. An escalation of the president’s trade war with China is poised to hit every conceivable consumer product, and then some.

• Tres formas de evitar comprar más de la cuenta. Ir de compras puede ser una forma de relajarse, de entretenerse un rato o incluso un hobby. Pero puede resultar un hábito costoso.

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• Welcome to the world of subprime children. Student debt in the United States is over $1.5 trillion, with half of it accumulated in the past decade. Income share agreements — in which borrowers pledge a percentage of future income against debt —

• Many Americans will need long-term care but won’t be able to afford it. Depending on how one defines the need, half to two-thirds of older Americans will eventually require long-term care.   Even among middle-income seniors with housing equity, more than half will be unable

• Beware of credit repair companies. People struggling with loan payments and falling credit scores may be tempted to seek a quick fix. But they should be wary of so-called credit repair companies that promise to scrub credit files and improve

• Post your credit bureau complaint and likely get a response. In fact, if you’ve tried to get a credit bureau to remove erroneous information without any progress, try submitting your complaint here: consumerfinance.gov/complaint.  And, what do you know? Having

• States allege generic drug executives obstructed justice in pricing probe. Executives of competing generic pharmaceutical companies deleted text messages and worked together to coordinate responses to authorities to obstruct an investigation into an alleged price-fixing cartel, state attorneys general alleged in a civil complaint. The

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• Trump plan to evict undocumented immigrants could displace 55,000 children. The Department of Housing and Urban Development acknowledged that a Trump administration plan to purge undocumented immigrants from public housing could displace more than 55,000 children who are all legal U.S. residents or citizens. Current

• How Uber aims to move things around the world. Uber says its real strength isn’t in being a taxi alternative. Instead, it is its ability to apply its vast data trove and routing software to rewrite how goods and people move from

• Sanders, Ocasio-Cortez propose 15% cap on credit card interest. Democratic presidential candidate Bernie Sanders and Representative Alexandria Ocasio-Cortez accused banks of acting as “modern-day loan sharks” and called on Congress to enact a federal limit of 15% on credit card interest rates. An