News

2017

May

25

• Lawyers suspected of EB-5 Visa Fraud in purchasing real estate (Chinese). 聯邦調查局4月5日突襲搜捕位於聖蓋博市的夏利士律師事務所，認為該律師事務所律師陳莹莹和其父陳達涉嫌利用投資移民（EB-5）的資金，為自己買房產。24日，聯邦檢察官向他們提出九項民事訴訟，尋求法庭沒收陳氏父女利用投資移民資金購買的九處總值逾3000萬元的房產。

• Court weighs whether Trump can say "You're fired!" to consumer watchdog. In a packed courtroom at the U.S. District Court of Appeals, the 11 judges peppered the attorneys for the Consumer Financial Protection Bureau and mortgage lender PHH Corporation, which is challenging the regulator, about the bureau’s powers…

• The most alarming sentence in CBO's health-care report. The Congressional Budget Office released its assessment of the latest version of House Republicans health-care bill on Wednesday, and if Republicans were hoping for big changes this time around, they didn't get them. The new…

• Labor dept. will avoid further delay of retirement savings rule. A federal rule that would require financial brokers to put retirement savers’ interests ahead of their own will go into effect June 9 without further delay, Labor Secretary Alexander Acosta said Monday. The controversial regulation, which is known as…

• Google now knows when its users go to the store and buy stuff. Google has begun using billions of credit-card transaction records to prove that its online ads are prompting people to make purchases – even when they happen offline in brick-and-mortar stores, the company said. The advance…

24

• White House banks on savings from Dodd-Frank rollback. President Trump’s first formal budget plan reflects his promise to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act with a pledge to foster “economic growth and vibrant financial markets” by scrapping its “regulatory…

• U.S. accuses Fiat Chrysler of trying to mask emissions in 100,000 vehicles. The Justice Department filed a civil complaint Tuesday alleging that Fiat Chrysler Automobiles installed software designed to cheat emission controls in more than 100,000 diesel vehicles, including its popular Jeep Grand Cherokee sport-utility vehicle.

• Target to pay $18.5 million to 47 states in security breach settlement. Target will pay $18.5 million to 47 states and the District of Columbia as part of a settlement with state attorneys general over a huge security breach that compromised the data of millions of customers.…

• The case that could doom Elizabeth Warren’s Wall Street watchdog. The fate of the Consumer Financial Protection Bureau and its chief, Richard Cordray, is in the hands of a Washington appeals court that will hear arguments Wednesday. The CFPB asked the court to reconsider its 2016…

• Hispanos en EEUU más propensos a sacar ahorros de jubilación. Los hispanos de edad avanzada son más propensos a sacar dinero de sus ahorros de jubilación en comparación con los negros y los bancos, según un estudio divulgado el miércoles.  

23

• Why it's so hard to know whether school choice is working. Education Secretary Betsy DeVos has been a passionate proponent of expanding school choice, including private school vouchers and charter schools, and she has the clear backing of President Trump. But does the research justify her…

• How to tell if a psychic is more interested in cash than clairvoyance. Professional psychics say their industry is overrun with charlatans. One piece of advice: "If they start asking you a ton of questions, run."

• Cutting the cord doesnt necessarily mean cutting cost. With the average monthly price of cable or satellite TV hovering around $100 in the U.S., cutting the cord can save consumers hundreds of dollars each year. That is, until they start subscribing to streaming…

22

• Trump to propose slashing Medicaid. The budget proposal would follow through on a House GOP bill to cut more than $800 billion over 10 years from Medicaid, people familiar with the planning said. Estimates show that change could cut benefits…

• Pittsburgh no longer welcomes Uber's driverless cars. Pittsburgh residents and officials were once excited to see Uber bring its driverless cars to the city; now they say the company as not lived up to its end of the bargain. Among Uber’s perceived…

• America’s dangerous Internet delusion. The United States may have escaped most digital damage from this month’s unleashing of a global “ransomware” virus, though cyber-experts fear more attacks. The unmistakable lesson of recent years is that the Internet is a…

19

• Senior fell into trap of winning $4850 price (Chinese). (本報記者)「他們說我中了16萬美元。我本來都不相信，後來他們用微信發來很多公證文件，最後我信了，轉了4850美元到香港的指定帳戶。」鄧先生表示，雖然他已經決定不領獎，希望能收回已付的4850美元，但對方宣稱要1到3個月後，他才能領回支票。記者試圖與相關公司聯絡，但截止截稿時間，暫時未獲回應。警方呼籲民眾，這些要先付錢才能領獎的，都不要相信，並建議鄧先生帶匯款單到警局報案。

• E.U. fines Facebook $122 million over disclosures in WhatsApp deal. On Thursday, the European Union’s powerful antitrust chief fined the social network 110 million euros, or about $122 million, for giving misleading statements during the company’s $19 billion acquisition of the internet messaging service WhatsApp…

• Can't pay your student loans? The government may come after your house. Every day, 3,000 people default on their federal student loans — and those lack of payments amount to an unpaid bill of $137 billion for the federal government. For decades, the government has tried to…

• Section 8 vouchers help the poor — but only if housing is available. So far the program has not always lived up to that promise, especially when it comes to women with children. Among voucher holders, a 2016 government study found fewer than 13 percent of female-headed households…