Headline News Archive

2019

December

13

• PayPal sues the CFPB over its prepaid rule. PayPal Inc. sued the Consumer Financial Protection Bureau, seeking to block a rule that requires it to make disclosures that allegedly confuse consumers. The &ldquo

• Regulators propose overhaul of anti-redlining law. The proposal is another big win for the banking industry. Advocates say it could lead to fewer loans for low- and moderate-income borrowers.

• Are student loans the next mortgage crisis?. Mike Calhoun, who runs the nonprofit Center for Responsible Lending, sees many similarities between the 2007-2008 mortgage crisis and today’s student loans. The

12

• Community Reinvestment Act cheat sheet. The OCC and FDIC’s sweeping proposal to reform how they implement the Community Reinvestment Act (CRA) would maintain in part the physical component

• University of Phoenix to cancel $141 million of student debt. The University of Phoenix and its parent company have agreed to pay $50 million in cash and cancel $141 million in student debt to settle allegations of

• How to use up flexible spending account dollars before year's end. Some often-overlooked items that experts note are FSA-eligible: —Dental treatments including X-rays, teeth cleaning, fillings, crowns, braces, extractions, dentures and denture cleaning supplies and

• More Americans are dying at home than in hospitals. Americans have long said that they prefer to die at home, not in an institutional setting.  Many terminally ill patients wind up in the

• It’s not too late to fund a college 529 plan. Children stand to benefit from having a 529 account opened in their name, regardless of when it’s opened. There’s a common misconception

11

• This is what racism sounds like in the banking industry. A JPMorgan employee and a customer secretly recorded their conversations with racist bank employees.

• Six books to help you meet your financial resolutions in 2020. You are already promising yourself that 2020 is the year of financial freedom. But where do you start to help your New Year’s resolutions

10

• Student loans a lot like the subprime mortgage debacle. Mike Calhoun is a man on a mission. He's flying around the country, warning state lawmakers and prosecutors, sounding the alarm at conferences, and

• America's parents want paid family leave and affordable child care. Why can't they get it?. With so many women in Congress, the nation looked closer than ever to affordable child care and paid family leave. So far, nothing. We

09

• How to save money for retirement. While most workers are responsible for their own retirement savings these days, high schools don’t have required classes on 401(k)s and Individual

• PG&E reaches $13.5 billion settlement with CA wildfire victims. Pacific Gas & Electric on Friday announced it had reached a multibillion-dollar settlement with victims of wildfires that killed dozens of people and destroyed tens

06

• Signing up for an H.S.A.? First know how you’ll use the money. Do you intend to use a health savings account for current medical expenses or to save the money and invest it for future costs, perhaps

• Bank regulators urge 'responsible use' of alternative lending data. Lenders and regulators are looking at how data beyond a basic credit score could be used to improve underwriting practices, for example by analyzing bank

• House Republicans to counter with their own drug pricing bill. Like the latest version of a Senate proposal from Chuck Grassley (R-Iowa) and Ron Wyden (D-Ore.), this House Republican measure will include a first-ever cap

05

• Nearly 700,000 SNAP recipients could lose benefit. The Trump administration is tightening work requirements for some food stamp recipients, a change that is expected to eliminate Supplemental Nutrition Assistance Program benefits for 688,000

• My adult child built a good credit score in 3 months. If you plan it right, you can help your children build good credit profiles just in time to qualify for a loan or lease starting

• How the rich are getting an windfall from Social Security. In a world where the rich always seem to get richer whatever the game, Social Security always seemed to be one program that was truly

04

• Report detailing PG&E’s failures raises new hurdles for utility. A damning report about the cause of the deadliest wildfire in California history poses a huge setback to Pacific Gas & Electric as it tries

• When unaffordable college tuition holds a good student back. Chjana McNair has wanted to be a dermatologist since she was a teenager, but paying for college is a challenge.

• 190 million Americans shopped Thanksgiving weekend, mostly online. A record 189.6 million Americans went shopping over the five-day Thanksgiving weekend, the National Retail Federation said Tuesday, and most of them did their spending online.

03

• Broken promises and student loan debt piles up. When Congress created a student loan forgiveness program in 2007, lawmakers wanted to draw people to vital but relatively low-paid careers with a promise: after a

• Why is childcare so ridiculously expensive?. Three broad reasons obtaining care for kids now costs as much as buying a brand new Hyundai Elantra each year.