Headline News Archive

2018

October

18

• America’s student loan debt crisis could get much worse. The improved economy has yet to mean higher wages for graduates already struggling to pay down massive debt, let alone ease the minds of students

• An A.I. (artificial intelligence) glossary. The last six years have witnessed breakthroughs in everything from self-driving cars to algorithms that can detect diseases, and social networks like Twitter that rely

• New York to settle inquiry of rent-to-own trailer park firms. Regulators have been cracking down on abusive rent-to-own deals in which people shell out thousands of dollars for run-down homes that they never actually get

• Mortgage fraud is rising. Mortgage fraud was so rampant during the height of the housing bubble in the mid-2000s that real estate industry insiders started to refer to

• Prudential Financial no longer needs federal oversight. The Trump administration took another major step toward softening the regulatory burdens faced by big financial firms, finding that mega insurer Prudential Financial no longer

17

• Student loan forgiveness rescue program hasn't gone well. The program that public servants can use to have their federal student loans forgiven is such a quagmire for borrowers that Congress had to set

• FCC says Hurricane Michael victims deserve a month of free cell service. The Federal Communications Commission slammed the nation’s wireless carriers Tuesday for failing to quickly restore service to Hurricane Michael victims — and demanded

• It's an especially advantageous time to ask for a raise. The nation now has more than one job opening for every unemployed person, a dramatic turnaround from the Great Recession, when there were more than

• Delayed Obama-era student debt relief rule to take effect. A long-delayed federal rule intended to protect student loan borrowers who were defrauded by their schools went into effect on Tuesday, after a judge rejected

16

• Student loans--how employers might help. When the 401(k) was born 40 years ago, it changed the way Americans left the workforce. Now, some companies are trying to change how we enter

• If you're a 'non-elite,' expect to wait. American Airlines is taking some heat after an internal memo leaked telling employees that their first priority during delays or cancellations should be to get

15

• Amid high fees and record profits, banks want 'regulatory relief'. The banking industry has been busily spinning a myth about being crippled by overregulation, and how banks are yearning to breathe free of rules that

13

• Financial companies rack up complaints, but good luck finding them. A NerdWallet analysis of previously undisclosed Consumer Financial Protection Bureau data shows that Green Dot, a dominant prepaid card company, and Credit One, a leading

• What you need to know for smooth flying. If you’re planning a plane trip in the near future you should know your rights. Here are the basics, as detailed in a

12

• Investigating a major auto loan company. Action 9 News uncovers the risks of some new car loans from a major lender.  

• This 36-year-old got $50,000 of her student loans Forgiven. Meet Nina Pomponio. She’s one of the lucky few who received student loan forgiveness from the federal government.

• Millennials are also loading up on this kind of debt. Millennials — already laden with student loans — are adding a different kind of debt to their balance sheets: personal loans.

11

• Hurricane Michael prompts Freddic Mac to issue relief policies. In areas where the Federal Emergency Management Agency has yet to make individual assistance available, mortgage servicers are encouraged to leverage Freddie Mac’s

• Travelers teams up with Amazon to sell home security kits. Travelers, one of the country's largest insurance companies, announced that it had launched an Amazon storefront where its customers can buy discounted home security

• Children’s allowances: Debit cards linked to parents’ phones. Parents can now choose from a rapidly expanding menu of prepaid debit cards, aimed at giving them digital oversight of their children’s spending

• Experian credit freeze flaw may have revealed your PIN to fraudsters. The credit bureau’s process to retrieve a PIN that safeguards a frozen Experian credit report had a security defect, making it easier for

10

• New reverse mortgage options available for homeowners. You’ve probably seen actor Tom Selleck suavely pitching federally insured reverse mortgages on television and thought, hmm, that sounds interesting. He

• No-frill air fares are all the rage. Call it the Spirit Syndrome or the Wow Effect. More airlines are copying the stripped-down fare model of the minimalist airlines, offering lower fares for

09

• American Airlines limits help for travelers with delayed, canceled flights. American Airlines has reduced options for travelers whose flights are delayed or canceled. Under a new policy, passengers without status in the airline's

• The government is rolling out 2-factor authentication. Government officials managing .gov websites will soon have to use the Google Authenticator app on their smartphones for verification.