News

2020

May

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• Borrowers skipping loan and credit-card payments could soon face rude awakening. The financial effects of the coronavirus pandemic may get a lot worse 120 days after the national emergency is officially over. The CARES Act recognizes the financial difficulties many Americans are facing, requiring lenders who enter

• How automated background checks freeze out renters. Regulators forced credit bureaus to follow standards for matching records to a person, and the kinds of records the bureaus can legally report are limited. Rules for employment screening, which some of the tenant-screening firms

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• Faulty automated background checks freeze out renters. Computer algorithms that scan everything from terror watch lists to eviction records spit out flawed tenant screening reports. And almost nobody is watching.

• Don't throw away that prepaid debit card you received in the mail. Another round of stimulus payments is going out to U.S. residents. This time they are showing up in mailboxes in the form of a prepaid debit card. If you can believe it, some are

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• California should reframe oversight agency to protect consumers. The proposal to reposition the state Department of Business Oversight with a focus on consumer protection made sense even before the coronavirus pandemic began causing millions of Californians to lose their jobs, undermining their ability

• 15 million credit card bills weren't paid in April. New data from credit-reporting firm TransUnion shows that millions of Americans failed to make payments on their credit cards and auto loans in April, underscoring the economic toll that the coronavirus pandemic has leveled on

• Houston becomes largest U.S. city where evictions can resume. Evictions are expected to skyrocket in Texas where the state Supreme Court has lifted a moratorium on evictions and unemployment has risen to historic levels amid the coronavirus pandemic.

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• The latest trend in vacation rentals: long-term stays. Like a barbershop newly opened from lockdown, vacation properties are experiencing a surge of bookings. But instead of a week or two on the beach, people are looking for a month or more.

• What HOAs should do when residents can’t pay during pandemic. Here are some approaches that may balance the needs of a homeowners association against those of owners who fail to make required payments during these difficult times.

• Taxpayers paid to develop Gilead's remdesivir, but will have no say in price. Despite the heavy subsidies, federal agencies have not asserted patent rights to Gilead’s drug, potentially a blockbuster therapy worth billions of dollars. That means Gilead will have few constraints other than political pressure

• Desempleo de jóvenes crearía una “generación de cuarentena”. Más de uno de cada seis trabajadores jóvenes han dejado de trabajar durante la pandemia, informó el miércoles la organización laboral de la ONU, y advirti

• El grave problema con la tarjeta de débito con cheque de estímulo que empezó a enviar el gobierno de EEUU. La queja se repite y se repite...

• Lanzan alivio monetario de rentas para residentes, ahora en la ciudad de Los Ángeles a partir de…. Así como el condado de Los Ángeles ofrece asistencia monetaria a sus residentes de las comunidades no incorporadas, ahora la ciudad de Los Ángeles le sigue el ejemplo anunciando una nueva ayuda

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• Credit score drop? Why and what to do next. For many consumers with federal student loans, relief over a 6-month automatic pause on payments turned into dismay as credit scores plummeted. Consumers complained on social media that their accounts were wrongly reported as delinquent

• Sorry but we’re keeping your travel-insurance money. If you cancel your cruise or the trip is canceled by the cruise line because of the coronavirus should you be able to get the cost of your travel insurance refunded?  David and Barbara

• Homeowners are getting mortgage relief they didn't want. Homeowners have swarmed servicers' web sites and phone lines in search of information about mortgage forbearances, which allow them to suspend mortgage payments for up to a year. And now there are more than 4 million

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• ¿Quiere beneficios monetarios como familia de estatus migratorio mixto? Le piden que siga este paso. Activistas lanzan una petición que le pide a las familias su firma para que los políticos representantes voten a favor de un proyecto de ley, que le otorgaría un

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• Muchos trabajadores despedidos se enfrentan a los primeros plazos para calificar para el seguro de salud. El seguro de salud subsidiado por los contribuyentes está disponible por un costo modesto...

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• Más de 16 millones de trabajadores en Estados Unidos han perdido el seguro médico desde el comienzo del COVID-19, señala un estudio. Existe una propuesta que pretende ayudar a muchos trabajadores a continuar con la cobertura de su seguro médico

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• Say goodbye to your childcare. While nearly every other developed nation supports child care as a public good, the United States treats child care providers as private enterprises — more like gyms than K-12 schools.