Freezing Credit Will Now Be Free. Here’s Why You Should Go for It.
From today’s New York Times: Consumers will soon be able to freeze their credit files without charge. So if you have not yet frozen your files — a recommended step…
Betsy DeVos loses lawsuit after delaying student loan protection rule
From today’s CNN News: A federal judge ruled that the Betsy Devos-led Department of Education improperly delayed implementing a rule to give some student loan borrowers relief. U.S. District Judge…
Why Are We All Still Using Venmo?
From today’s Wired Magazine: VENMO, THE POPULAR payment app owned by PayPal, has become the default way millions of Americans settle a check, pay a friend back for coffee, or…
Student Loan Watchdog Quits, Says Trump ‘Turned Its Back’ On Borrowers
From today’s NPR News: The federal official in charge of protecting student borrowers from predatory lending practices has stepped down. In a scathing resignation letter, Seth Frotman, who until now…
Senators urge CFPB not to ‘abandon’ duty to protect troops, families
From today’s Military Times: In the wake of reports that a key federal consumer protection agency is considering pulling back from efforts to protect service members from predatory lenders, 49…
DeVos proposes another rollback on for-profit college rules, hurting consumers
From today’s Washington Post: The Trump administration plans to roll back another major Obama-era rule that was created to police the for-profit college industry, according to a proposal issued by…
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‘Too Little Too Late’: Bankruptcy Booms Among Older Americans
From today’s New York Times: For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy. The signs of…
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consumer protection
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Dept. of Education Proposes to Curtail Debt Relief for Defrauded Students
From today’s New York Times: Education Secretary Betsy DeVos proposed on Wednesday to curtail Obama administration loan forgiveness rules for students defrauded by for-profit colleges, requiring that student borrowers show…
What Brett Kavanaugh, Trump’s SCOTUS nominee means for consumer rights
From today’s NPR MarketWatch: When President Donald Trump announced Brett Kavanaugh as his nominee for the Supreme Court to replace Justice Anthony Kennedy when he retires at the end of…
The Cambridge Analytica-Facebook Scandal and the Coming Data Bust
From today’s New York Times: The queasy truth at the heart of Facebook’s Cambridge Analytica scandal, which is so far the company’s defining disgrace of 2018, is that its genesis…