Headline News Archive

2019

June

17

• CFPB celebrates achievements, despite departure from mission. Kathleen Kraninger marked her first six months as head of the Consumer Financial Protection Bureau this week, and the agency celebrated by releasing a scorecard

12

• Landmark deal reached on NY rent protections. Newly empowered Democratic leaders in Albany announced a landmark agreement on Tuesday to strengthen New York’s rent laws and tenant protections, seeking to

• Preparing your vacation home for renters. If you’re one of the lucky ones who own a vacation home—and you plan to rent it this summer or next

11

• SU BOLSILLO: ¿Tiene un familiar en un hogar de ancianos? Hay nuevos motivos de preocupación. Todos los estadounidenses deben sentirse alarmados ante las noticias de que cientos de hogares de ancianos con un "registro persistente de atención

10

• 16.000 personas en L.A viven en su auto, pero los estacionamientos seguros siguen siendo escasos. Hace dos años, Los Ángeles comenzó a probar una alternativa a los refugios para personas sin hogar, llamada estacionamiento seguro, que

07

• Maine's strict new internet privacy protection. The new law, which goes into effect on July 1, 2020, would require internet service providers to ask for permission before they sell or share any of

06

• Chase: Arbitration's ‘better' for consumers. Nope, say researchers. JPMorgan Chase is notifying more than 40 million credit card holders that from now on they’ll have to arbitrate any disputes, forgoing the option

• Senators say debt collection proposal puts industry ahead of consumers. More than 20 U.S. Senators are calling on the Consumer Financial Protection Bureau to reconsider a proposal  that would allow debt collectors to send

• Who actually beneifts from tax breaks for distressed neighborhoods?. Part of the Tax Cuts and Jobs Act of 2017 was a provision known as Opportunity Zones that was designed to significantly boost the fortunes of

• A watchdog whitewashed its oversight of FEMA’s disaster response. After catastrophic floodwaters submerged wide stretches of southern Louisiana in 2016, displaced homeowners and officials criticized the federal recovery effort as dangerously slow, leaving thousands of

May

30

• Mired In medical debt? Federal rule changes proposed for bill collectors. This month, the CFPB proposed a rule to frame what debt collectors are allowed to do when pursuing many types of overdue bills. The proposed

• CFPB settles with BSI Financial Services over mortgage servicing issues. A CFPB investigation found that BSI improperly handled mortgage servicing transfers, including failing to recognize that certain loans were already in loss mitigation proceedings, in

• N.Y. regulator to investigate exposure of mortage documents. A New York State financial regulator is investigating a security vulnerability at First American Financial Corporation, a title insurance company, that exposed an estimated 885 million

24

• 40% of Americans would struggle to cover a $400 emergency. Many U.S. households find themselves in a fragile position financially, even in an economy with an unemployment rate near a 50-year low, according to

• The pros and cons of working in retirement. Some people go back to work after retirement because they need the money or want to add some structure or stimulation to their lifestyle. Other

23

• Bank of America offering $0 origination fee on certain mortgages. Bank of America recently announced that it will give “eligible borrowers” as much as $10,000 that they can use toward their down payment or

22

• Impact of foreclosure crisis felt most in Hispanic, black communities. More than a decade after the housing crisis, the effects of the wave of foreclosures are still vivid to most people, particularly those who lost

• HUD Secretary Ben Carson misheard a housing term as "Oreo". When a freshman congresswoman asked Housing and Urban Development (HUD) Secretary Ben Carson at a congressional hearing Tuesday whether he knew what the housing

20

• States want to help low-income workers save more. Many lower-income workers face growing economic instability. To help them, state policymakers are trying to make it easier for people to save . A

17

• How to prepare for the next recession. When the economy goes south, the United States traditionally has two ways of dealing with it. The Federal Reserve cuts interest rates. And Congress passes

16

• How to fix mistakes on your credit report that could cost thousands. Complaints about credit reporting, credit repair services and issues such as errors on individual consumer credit reports made up 43% of all the complaints

• 5 things that changed for consumers since Trump became president. Every president brings change. Laws change. Regulations change. The direction of the country changes. That’s what happens. But drop your political lens for

13

• Many Americans will need long-term care but won’t be able to afford it. Depending on how one defines the need, half to two-thirds of older Americans will eventually require long-term care.   Even among middle-income

• Beware of credit repair companies. People struggling with loan payments and falling credit scores may be tempted to seek a quick fix. But they should be wary of so-called credit

• Post your credit bureau complaint and likely get a response. In fact, if you’ve tried to get a credit bureau to remove erroneous information without any progress, try submitting your complaint here: