Headline News Archive

2020

August

13

• Low-income borrowers are least likely to know about mortgage relief. The mortgage borrowers most in need of information about relief options provided by the CARES Act, such as forbearance, are the ones who are least

• Trump’s CFPB called to account for failing to protect consumers. Chair Maxine Waters opened the House Committee on Financial Services hearing with a frustrate and ominous message: “I would like to welcome Director Kraninger

• Customer service doesn't have to be this awful. Among the various things the COVID-19 pandemic has changed, and not for the better, is customer service. Just ask anyone who has tried to contact

12

• Where Kamala Harris stands on stimulus checks, student loan forgiveness. With Senator Kamala Harris on the ticket, former Vice President Joe Biden is getting an advocate for student loan forgiveness and a legislator who would

11

• Without a $600 weekly benefit, jobless Americans face bleak choices. For many of the 30 million Americans relying on unemployment benefits, it could already be too late to prevent lasting financial harm. Without the extra $600 a

10

• Dems assail Trump actions on payroll tax, jobless aid as unworkable. Trump administration officials defended the president’s moves and said they were necessary because Democrats wouldn’t compromise on a broad coronavirus relief

• Miles de listados en línea están violando la nueva ley de alquiler a corto plazo de L.A.. Más de un año después de que L.A. restringiera la renta de casas para estancias cortas, muchos anfitriones

07

• The $600 unemployment aid debate, explained. The typical unemployed American was receiving about $930 a week from late March to late July. That has now been cut to about $330 a week.

• Wave of evictions expected as moratoriums end in many states. Around 30 state moratoriums have expired since May, according to The Eviction Lab at Princeton University. On top of that, some tenants were already encountering illegal

06

• Interest rates are low, but loans are harder to get. Here’s why. It’s not unusual for lenders to tighten the credit reins during a downturn, but the current situation has made it especially challenging for

05

• Student-parents struggle to juggle college, work and childcare. The pandemic and all of its health, financial and logistical challenges are amplifying the obstacles to earning a degree that student-parents face under normal circumstances,

• Corrupt for-profit nursing homes received millions in pandemic relief. For-profit nursing home providers that have faced accusations of Medicare fraud and kickbacks, labor violations or widespread failures in patient care received hundreds of millions

• Evictions to hit ‘unprecedented’ level as federal relief stalls. Without federal intervention, housing experts and advocates warn of an unprecedented wave of evictions in the coming months, and one far more devastating than the

• Interest rates are lower. But loans are harder to get. Why?. The economic crisis caused by the pandemic has driven interest rates to rock-bottom levels, meaning there has hardly been a better time to borrow.

July

30

• The Coronavirus will ruin your credit score. Banking interests have sought to block a measure that would temporarily ban negative items from appearing on credit reports for the duration of the pandemic.

• The Coronavirus housing boom. You might assume that in the middle of a pandemic, when businesses are closing, and one in five Americans of working age are now unemployed,

29

• El COVID afecta la historia de crédito. El 33% de quienes usan tarjetas de crédito ha hecho algo durante la pandemia que perjudicará su puntuación.

28

• The IRS still hasn’t ironed out all the glitches from the first stimulus check. Disabled federal beneficiaries are suing the Treasury and IRS for shutting them out of the $500 stimulus payment intended for dependent children.

27

• Will Congress rush narrow relief bill to avoid unemployment aid lapse?. Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows said Sunday that Congress might have to pass a narrow piece of legislation

• One home, a lifetime of impact. In 1936 a widowed black woman bought a home and it changed her family’s financial worth for generations. Today homeownership rates of black people

• Flowcharts are helping older adults understand estate planning. As older adults face mortality during the pandemic, lawyers and wealth advisers are using color-coded documents and flowcharts to help them understand estate planning.

25

• The $600 unemployment boost is ending. Here's how to access cash now.. A $600 boost in weekly unemployment benefits will effectively end after this weekend, barring an extension from Congress. There are ways Americans can make up for

• End-of-life planning during the coronavirus pandemic. The coronavirus has reminded us that mortality is unpredictable and so it’s a good time to get our medical and financial matters in

23

• Landlords jump the gun as eviction moratorium wanes. The four-month pause that has protected millions of Americans from eviction cases is set to expire at the end of this week. But that hasn

22

• End of $600 unemployment bonus could push millions past the brink. When millions of Americans began losing their jobs in March, the federal government stepped in with a life preserver: $600 a week in extra unemployment benefits