Headline News Archive

2018

September

27

• California probes links between high-cost lenders and consumer sites. California's Department of Business Oversight sent letters to 20 high-interest lenders, asking about their use of so-called lead generators — companies that operate websites connecting

• Trump anti-discrimination official once called hate crimes hoaxes. A senior Trump appointee responsible for enforcing laws against financial discrimination once questioned in blog posts written under a pen name if using the n-word

• Telemarketer made 21 million robocalls in 3 months. The Federal Communications Commission imposed an $82 million fine against a telemarketer who made more than 21 million unsolicited calls to consumers to try to sell health

• Uber reaches $148 million settlement over its 2016 data breach. Uber has agreed to pay $148 million to settle allegations from 50 states and the District that the ride-hailing company violated data breach laws when it waited

26

• Student loan "forgiveneess program" rejects almost every applicant. Something seems to be going very, very wrong with the federal government’s student loan forgiveness program for public servants. Under the Public Service

• Instagram has a drug problem. Its algorithms make it worse.. Instagram is known for its celebrity posts and photos of enviable vacations. But it has also become a sizable open marketplace for advertising illegal drugs.

• Crece el rechazo a Airbnb en París; la empresa se defiende. Los primeros huéspedes en el estudio en la planta baja alquilado a través de Airbnb fueron inocuos: era una familia de

25

• Michael Kors acquiring Versace is a bold move (Chinese). 在Michael Kors想成為美國精品品牌的所有押注中，收購凡賽斯可能是一項大膽之舉。

• Elizabeth Warren’s ambitious fix for America’s housing crisis. Ten years ago, the subprime mortgage crisis stripped millions of Americans of their homes. Many haven’t gotten those homes back and now face

• Congress wants to hear from everyone but consumers in a privacy hearing. “If the purpose of the hearing is to educate lawmakers, you’d want a diverse set of voices,” said Ernesto Falcon, legislative

• An insurance company wants your Fitbit data. Life insurance company John Hancock made a splash last week with the news that soon all of its policies would come bundled with the option

• Future of 5G mobile data could hinge on a battle over utility pole fees. Mobile carriers such as AT&T and Verizon are in a race to build brand-new data networks that can deliver ultrafast downloads and support

24

• Women suffer a stock options gap (as well as a pay gap). Data from the U.S. Census Bureau has consistently shown that men out-earn women when it comes to salaries. But new research suggests the gender

• SiriusXM to buy Pandora streaming radio service for $3.5 billion. Satellite radio company SiriusXM will acquire music streamer Pandora in a transaction valued at $3.5 billion, Pandora said in a press release Monday, in

• An alternative to payday loans, but it's still high cost. U.S. Bank and several other institutions, including Wells Fargo and Regions Bank, for a time offered so-called deposit advance loans, which typically were costly

• People unaware Medicaid work requirements exist. The Trump administration argues that imposing work requirements for Medicaid is an incentive that can help lift people out of poverty. But a test

• EEUU: Sentencian a “psíquica” a 6 años de cárcel. Una estafadora convicta que decía ser una psíquica fue sentenciada a seis años de prisión despué

23

• Camino Financial crece desde California para financiar a latinos en todo el país. La firma de Sean y Kenneth Salas crece y empieza su andadura nacional para atender las necesidades de crédito de pequeños

22

• freeze your credit and unfreeze with no fees (Chinese). 消費者如今終於可免費凍結自己的信用，21日生效的一項聯邦法規定，信用凍結後，檢查信用史將受到限制，可有效阻止盜竊他人名義開新信用卡的行為。而以前的規定是凍結信用需交10元，解凍仍需交費。

21

• 7 credit myths that can cost you a lot of money. If you’re low-income, having bad or no credit can make you even more financially unstable, according to new research by the Urban Institute.

• Flood damage in the Carolinas is widespread--Insurance coverage isn't. Flood damage from Hurricane Florence will be extensive, but in North Carolina many don't have flood insurance. North Carolina Insurance Commissioner Mike Causey discusses

• Airlines are raising the cost of checked bags. Get ready to pay even more the next time you fly with checked baggage. Just before Labor Day, JetBlue and United Airlines raised the bag

• MA revenue plan would tax state’s major colleges and universities. For weeks, Democratic gubernatorial nominee Jay Gonzalez has faced criticism from Republicans for not detailing how he will pay for his expansive education and transportation

• Otras opciones para no pagar 1.100 dólares por un iPhone. Muchos quedaron sorprendidos cuando Apple anunció la semana pasada que su más reciente iPhone tendría un precio de 1.100 dó

20

• Nearly half of cellphone calls will be scams by 2019. Nearly half of all cellphone calls next year will come from scammers, according to First Orion, a company that provides phone carriers and their customers