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News

2020

May

30
  • 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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  • 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
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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
  • 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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  • 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.
 

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