non-profit organization in the USA
The pandemic made Earned Wage Access apps popular. Regulators want to rein in the fees
fastcompany.com/91111596/earned-wage-access-apps-popular-pandemic-states-regulation-fee-caps
Frost Bank's fees spark another potential class-action lawsuit: The two customers suing Frost say the proposed class numbers at least 100 members who are seeking ...
expressnews.com/business/article/frost-bank-s-fees-spark-another-potential-19385122.php
The U.S. sharply limits how much credit cards can charge you in late fees: The Consumer Financial Protection Bureau issued a new rule Tuesday capping late fees ...
npr.org/2024/03/05/1235973211/credit-card-late-fees-cap-junk-fees-cfpb
Quick Glance: Biden Sets Cap on Credit Card Fees
- The Biden administration has decided to cap all credit card fees, estimated to save Americans up to $10 billion a year.
- The Consumer Financial Protection Bureau's new regulations aim to reduce the average credit card fee from $32 to $8.
- Biden's efforts could eliminate a total of $20 billion in annual junk fees, including capping overdraft fees at $3.
- The Biden administration's economic leadership approval stands at 34% among U.S. adults, reflecting potential impacts of these measures.
Should you stop writing checks? Banks wish you would to thwart fraud: Consumers can run into massive headaches when criminals engage in check fraud ...
freep.com/story/money/personal-finance/susan-tompor/2024/03/28/check-fraud-surge-bad-checks/73091885007/
Why a financial regulator is going after health care debt: The Consumer Financial Protection Bureau, created after the Great Recession of 2007-09 ...
npr.org/sections/health-shots/2024/03/01/1234998635/why-a-financial-regulator-is-going-after-health-care-debt
Why a financial regulator is going after health care debt: The Consumer Financial Protection Bureau, created after the Great Recession of 2007-09 ...
npr.org/sections/health-shots/2024/03/01/1234998635/why-a-financial-regulator-is-going-after-health-care-debt
Why Travis Kelce is doing TV ads about your credit score: Kansas City Chiefs tight-end Travis Kelce is in ads asking whether people know their credit scores ...
businessinsider.com/travis-kelce-experian-tv-commercials-nfl-taylor-swift-super-bowl-2024-2
Paid articlePaid
It’s hard to reverse scams on peer-to-peer payment apps like Venmo, PayPal, Zelle
freep.com/story/money/personal-finance/susan-tompor/2024/02/08/venmo-zelle-paypal-payment-app-scam-reversible-reimbursement-protection/72490713007/
Governments can erase your medical debt for pennies on the dollar — and some are: Cities are using public money to purchase and forgive millions of dollars of ...
bostonherald.com/2024/02/16/governments-can-erase-your-medical-debt-for-pennies-on-the-dollar-and-some-are/
Americans lose billions as expert says median fraud losses double: Frauds and scams in the banking system cost Americans billions in 2022, experts told a Senate ...
thehill.com/homenews/senate/4444897-americans-lose-billions-expert-says-median-fraud-losses-double/
Banks slam Biden administration plan to cap overdraft fees: Bank trade groups slammed the Biden administration’s latest proposal to limit overdraft fees ...
thehill.com/business/4414191-banks-slam-biden-administration-plan-to-cap-overdraft-fees/
They Missed Student Loan Payments. Years Later, They’re Stuck in Credit Hell: Thanks to a mysterious 1986 law, credit reporting on student loans is mandatory ...
vice.com/en/article/88g77a/how-student-loan-debt-trapped-millions-of-americans-in-a-credit-score-underclass
Bravo’s Andy Cohen reveals red flags he missed as scammers duped him, stole his money
freep.com/story/money/personal-finance/susan-tompor/2024/01/16/andy-cohen/72188965007/
Inside the Biden Administration's Plan to Stop 'Out-of-Control' Overdraft Fees: The CFPB intends to curb overdraft fees from big banks by treating overdrafts ...
money.com/overdraft-fees-banks-cfpb/
Quick Glance: Biden's Proposal Could Lower Overdraft Fees to $3
- Proposed rule could eliminate billions in fee revenue for the nation’s biggest banks
- Banks could only charge customers the actual costs of providing overdraft services
- Regulators proposed several fees and will gather industry and public input
- Some banks could provide small lines of credit to allow customers to overdraft
The Government Finally Did Something About Robocalls: Automated telemarketing calls are driving Americans crazy. The FCC is finally doing something about it.
time.com/6513036/robocalls-government-action/
Making phone calls from prison is now free in Massachusetts: Massachusetts has now become the fifth state in the US to allow prisoners to make phone calls for ...
cnn.com/2023/12/03/us/massachusetts-prison-call-free-trnd/
62% of Americans say this zero-interest payment plan should be against the law: A popular payment plan promises no interest on your purchase if you pay it off in ...
usatoday.com/story/money/2023/12/14/deferred-interest-credit-card-promotions-risky/71882837007/
Payments app Zelle begins refunds for imposter scams after Washington pressure: Banks on the payment app Zelle have begun refunding victims of imposter scams to ...
reuters.com/technology/cybersecurity/payments-app-zelle-begins-refunds-imposter-scams-after-washington-pressure-2023-11-13/
How Fry’s Electronics Pivoted From Retail To Backing 180%-Interest Consumer Loans
forbes.com/sites/brandonkochkodin/2023/12/05/how-frys-electronics-pivoted-from-selling-tech-to-backing-consumer-loans-with-180-interest/
No, Says Consumer Watchdog, Goldman Sachs Shouldn't Be Allowed to Sell Electricity
commondreams.org/news/goldman-sachs-retail-electricity
Payments app Zelle begins refunds for customers hurt by imposter scams: Banks on the payment app Zelle have begun refunding victims of imposter scams to address ...
nbcnews.com/business/personal-finance/zelle-refunds-customers-hurt-by-imposter-scams-rcna124957
Minnesota sues out-of-state tribe over loans with annual rates of 500%: The lawsuit by state Attorney General Keith Ellison is the latest challenge to high-cost ...
americanbanker.com/news/minnesota-sues-out-of-state-tribe-over-loans-with-annual-rates-of-500
Medical debt could be barred from ruining your credit score soon : The Biden administration unveiled regulations that potentially would help tens of millions of ...
npr.org/sections/health-shots/2023/09/21/1200834434/medical-debt-credit-score-cfpb-biden
Quick Glance: Biden plans to reduce medical bills in credit reports
- Proposals aim to financially aid families after medical crises and prevent coercive debt collection practices.
- Improvements in credit report accuracy will ensure creditors do not rely on flawed data.
- Vice President Kamala Harris and consumer finance watchdog Rohit Chopra announced the proposals.
- Harris stated that over 100 million Americans have unpaid medical debt.
Here’s why you may still be getting those irritating robocalls: A recent Senate hearing reveals testimony that the FCC’s efforts to stop scam calls have been ...
sacbee.com/news/business/article281010078.html
FCC robocall enforcement does little to stop illegal calls, Senate hears: "Fines go uncollected, and the company dissolves and moves assets elsewhere."
arstechnica.com/tech-policy/2023/10/many-robocallers-dont-pay-fines-as-fcc-still-lacks-legal-power-to-collect/
Discrimination in car sales: Here are tools to help buyers: Discriminatory practices can make car-buying more challenging for some minorities ...
bostonherald.com/2023/09/21/discrimination-in-car-sales-here-are-tools-to-help-buyers/
State lawmakers find America’s medical debt problem ‘can no longer be ignored’ : About 100 million Americans deal with medical debt, late notices ...
politico.com/news/2023/09/07/state-lawmakers-america-medical-debt-00114330
Navigating medical bills: Take these 12 steps to manage costs and minimize debt: Unexpected medical bills can be expensive. Sometimes, they're unavoidable ...
cnbc.com/2023/09/19/navigating-medical-bills-12-steps-for-managing-costs-minimizing-debt.html
5 Reasons to Never Pay Doctor or Hospital Bills With a Medical Credit Card or Loan
consumerreports.org/money/medical-billing/dont-pay-healthcare-bills-with-a-medical-credit-card-or-loan-a1139879069/
Paid articlePaid California case could deal blow to high-interest online lenders: A California judge is poised to decide if an online lender offering small loans at over 150% ...
reuters.com/business/finance/california-case-could-deal-blow-high-interest-online-lenders-2023-08-31/
Watchdog vows crackdown on 'harmful' world of data-broker surveillance: Promise of action excites some, others wish America had Cali-style Delete Act for ...
theregister.com/2023/08/15/cfpb_data_broker_crackdown/
State, Federal Laws Do Little to Protect Homeowners in Real Estate Deals: Homeowners trying to get out of “We Buy Ugly Houses” contracts and similar deals rarely ...
propublica.org/article/state-federal-laws-do-little-protect-homeowners-we-buy-ugly-houses-deals
Senators Call for Protections in Contract for Deed Transactions: Following a ProPublica-Sahan Journal report on fast-tracked home financing deals that left ...
propublica.org/article/senators-call-for-further-oversight-consumer-protections-in-contract-for-deed-real-estate-transactions
Joe Biden’s New Student Debt Relief Plan Might Actually Work This Time: But the clock is ticking.
slate.com/news-and-politics/2023/07/joe-biden-new-student-debt-plan-supreme-court-analysis.html
Banks are bailing on small mortgages, driving buyers to risky alternatives: American banks are losing interest, consumer advocates say, in writing mortgages for ...
thehill.com/business/housing/4093645-banks-are-bailing-on-small-mortgages-driving-buyers-to-risky-alternatives/
From Netflix to Rent, You Can Use Everyday Bills to Boost Your Credit Score — but There's a Catch
money.com/credit-score-boost-programs-privacy/
SoLo Funds breaks million-customer mark, challenges the status quo: The fintech lender says its loans are meeting a need for people living paycheck to paycheck ...
americanbanker.com/news/solo-funds-breaks-million-customer-mark-challenges-the-status-quo
Paid articlePaid New Buy Now, Pay Later Loans Come With More Risks: As more buy now, pay later companies offer longer loan terms with interest, CR experts explain when these are ...
consumerreports.org/short-term-lending/new-buy-now-pay-later-loans-come-with-more-risks-a1161982784/
Paid articlePaid Buy Now, Pay Later Apps Are Popular, but Are They Safe?: Consumer Reports compared buy now, pay later programs Affirm, Afterpay, Affirm, Klarna, PayPal Pay in 4 ...
consumerreports.org/short-term-lending/buy-now-pay-later-apps-are-popular-but-are-they-safe-a7441154279/
Paid articlePaid How Your Shadow Credit Score Could Decide Whether You Get an Apartment: The vast tenant screening industry is subject to less regulation than credit scoring ...
propublica.org/article/how-your-shadow-credit-score-could-decide-whether-you-get-an-apartment
Student loans: House votes to claw back pandemic forbearance and debt relief: The bill called the Congressional Review Act was passed by a 218-203 vote ...
finance.yahoo.com/news/student-loans-house-votes-to-claw-back-pandemic-forbearance-and-debt-relief-220343983.html
Have you been using buy now, pay later (BNPL) apps to make your purchases lately? These apps are growing in popularity so we evaluated eight of them to give ... Show more www.consumerreports.org/short-term-lending/buy-now-pay-later-apps-are-popular-but-are-they-safe-a7441154279/
These searing photographs helped ban child labor in America — until now: Some Republican lawmakers are trying to relax child labor regulations ...
washingtonpost.com/history/2023/05/01/child-labor-laws-lewis-hine/
Banks now offer payday-loan alternatives. How many people use them?: Customers of banks that provide small-dollar loans are still turning to higher-cost lenders ...
americanbanker.com/news/banks-now-offer-payday-loan-alternatives-how-many-people-use-them
Paid articlePaid Finally, medical debt under $500 has been removed from credit reports: The three major credit bureaus announced that medical collection debt of $500 or less has ...
washingtonpost.com/business/2023/04/12/medical-debt-credit-reports/
Quick Glance: The "rift is there": China vs. the rest of the world on global debt
- The IMF, World Bank, and other development lenders have been running programs that, under certain conditions, forgive up to 100 percent of debt in struggling countries — an initiative that received a boost in the 2000s after Bono and other celebrities led a high-profile public pressure campaign.
- China's debt to poor countries simply serves to strengthen its position in Africa and other regions.
- China dismisses claims about its lending.
- A top Chinese central bank official warned last month that China is unwilling to join in sovereign debt restructuring unless the World Bank and other regional development institutions also agree to write down their own liabilities.
State efforts to regulate earned wage access are heating up: Although no laws have yet passed, most of the bills introduced thus far do not consider EWA products ...
americanbanker.com/news/state-efforts-to-regulate-earned-wage-access-are-heating-up
Paid articlePaid Debt Collectors Want To Use AI Chatbots To Hustle People For Money: The collections industry is pushing GPT-4 as a dystopian new way to make borrowers pay up ...
vice.com/en/article/bvjmm5/debt-collectors-want-to-use-ai-chatbots-to-hustle-people-for-money
What to know before you try services like Apple Pay Later and Afterpay: Buy now, pay later companies like Apple Pay Later, Klarna, Afterpay, and Affirm offer to ...
vox.com/the-goods/2022/8/11/23298175/buy-now-pay-later-affirm-klarna-apple-pay-late-fees-cfpb
Medical debt affects millions, and advocates push IRS, consumer agency for relief
npr.org/sections/health-shots/2023/03/07/1161473744/medical-debt-affects-millions-and-advocates-push-irs-consumer-agency-for-relief
Paying mysterious ‘junk fees’ to your apartment landlord? You’re not alone: For residential landlords, it’s all about finding ways to monetize whatever they can ...
miamiherald.com/news/business/real-estate-news/article274284185.html
Apple rolls out buy now, pay later service, with guardrails: Since the start of the pandemic, the option to ‘buy now, pay later’ has skyrocketed in popularity ...
english.elpais.com/science-tech/2023-03-28/apple-rolls-out-buy-now-pay-later-service-with-guardrails.html
The FBI Just Admitted It Bought US Location Data: Rather than obtaining a warrant, the bureau purchased sensitive data—a controversial practice that privacy ...
wired.com/story/fbi-purchase-location-data-wray-senate/
Apple rolls out Apple Pay Later — a buy now, pay later service: NPR's A Martinez talks to Lauren Saunders of the National Consumer Law Center ...
npr.org/2023/03/30/1166970047/apple-rolls-out-apple-pay-later-a-buy-now-pay-later-service
Renters face extra pet fees, late fees and even a ‘January fee,’ report says: ‘Renters are already struggling to find safe and stable housing during a severe ...
marketwatch.com/story/pet-fees-late-fees-administrative-fees-and-even-a-mysterious-january-fee-these-are-the-junk-costs-renters-face-new-report-says-92908d20
Paid articlePaid
Miss a Car Payment and Ford’s Patent Could Shut Off Your A/C: What’s that aggravating beeping in your car? You might have missed a payment.
bloomberg.com/news/articles/2023-03-02/miss-a-car-payment-and-ford-s-patent-could-shut-off-your-a-c
Ford's patent to ensure timely payments; will remotely shut down if EMI missed | Mint
livemint.com/technology/fords-patent-to-ensure-timely-payments-will-remotely-shut-down-if-emi-missed-11677834215733.html
Paid articlePaid
How 4 small Utah banks have taken 'predatory lending' national. It's all thanks to state law, critics say
eu.usatoday.com/in-depth/money/2022/12/21/exporting-predatory-lending-utah-banks-high-cost-loans/10729502002/
Paid articlePaid
These car lots cluster in Charlotte’s poorer neighborhoods — that’s no coincidence
charlotteobserver.com/news/business/article272368358.html
Other states have fixed consumer protection problems with PACE loans. Why not Florida?
miamiherald.com/news/local/environment/climate-change/article272022712.html
COVID-19 brought in free weekly credit reports. It could go away in 2024.: While increased access to credit reports has been a boon to consumers during the ...
businessinsider.com/free-credit-reports-weekly-ending-equifax-experian-transunion-biden-cfpb-2023-2
Elderly man fought Chase bank for years to recover stolen funds before his death: It’s hard to say how many people are battling their banks over funds they say ...
marketwatch.com/story/elderly-postal-worker-fought-chase-bank-for-years-to-recover-stolen-funds-before-his-death-11675966609
Paid articlePaid Fintech partner's predatory puppy loans get TAB Bank low CRA rating: The Federal Deposit Insurance Corp. has lowered the Utah bank's CRA score to "needs to ...
americanbanker.com/news/fintech-partners-predatory-puppy-loans-get-tab-bank-low-cra-rating
Paid articlePaid Choose the Right Bank for You: If you're fed up with high fees, low yields on savings, and poor customer service, then follow this advice from Consumer ...
consumerreports.org/money/banks-credit-unions/choose-the-right-bank-for-you-a4099259170/
Paid articlePaid Earnin says its version of early wage access helps people earn more: The fintech says its users took out 70 million cash advances in 2022, and many grew their ...
americanbanker.com/news/earnin-says-its-version-of-early-wage-access-helps-people-earn-more
Paid articlePaid
73-year-old woman's body sat in Wisconsin mall parking lot for two days: An officer located her vehicle parked outside the mall and discovered her dead inside ...
omaha.com/news/national/73-year-old-womans-body-sat-in-wisconsin-mall-parking-lot-for-two-days/article_11cee8f5-a92a-5cb0-b064-9d1a49ac4923.html
Native American tribes offer short-term loans. Consumers say they are being gouged.
usatoday.com/story/money/2022/11/21/tribal-loans-spark-consumer-complaints-over-high-interest-rates/10712776002/
Paid articlePaid Biden administration makes it easier to discharge student loan debt in bankruptcy
cnn.com/2022/11/17/politics/student-loan-debt-bankruptcy/
Buy now, pay later: How to overspend in the holiday moment: The buy now, pay later option has been around for online purchases, but it is being heavily promoted ...
freep.com/story/money/personal-finance/susan-tompor/2022/11/25/buy-now-pay-later-warning-debt/69666806007/
The high price of desperation: How a $3,000 repair ballooned into a $14,000 debt: A Tucson, Arizona man, borrowed $3,050 to fix his transmission ...
eu.usatoday.com/in-depth/money/2022/11/03/predatory-loan-disaster-interest-rates-low-income-borrower/10532795002/
Paid articlePaid This is how states are fighting fake online reviews: State attorneys general and a key federal agency are leading efforts to crack down on false or manipulated ...
fastcompany.com/90816023/states-fighting-fake-online-reviews
Pangbourne College provides support to Ugandan school: Pangbourne College donated a wide range of 'back to school' resources to children in Uganda ...
newburytoday.co.uk/news/pangbourne-college-provides-support-to-ugandan-school-9286364/
Native American tribes offer short-term loans. Consumers say they are being gouged.
jsonline.com/story/news/investigations/2022/11/11/wisconsin-tribal-loans-spark-consumer-complaints-over-high-interest-rates/10523736002/
Paid articlePaid How to prepare for a recession when you don't have a lot of money to spare: If you're stressed about finances, you're not alone. But there are small ways even ...
marketwatch.com/story/this-is-more-about-self-preservation-how-to-prepare-for-a-recession-if-youre-living-paycheck-to-paycheck-take-action-now-11666708440
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics