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…
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consumer protection
domestic politics
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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…
56 years later, JFK’s call for a consumer bill of rights is forgotten under Trump
From the Los Angeles Times: On this day in 1962, President Kennedy laid out in a speech to Congress the framework for a consumer bill of rights and the crucial…
Breaking News: Dick’s Sporting Goods To Stop Selling Assault-Style Weapons
From today’s New York Times: One of the nation’s largest sports retailers, Dick’s Sporting Goods, said Wednesday morning it was immediately ending sales of all assault-style rifles in its stores.…
In Montana, Governor Bullock Signs Order to Enforce Net Neutrality
From the New York Times: Most efforts underway to restore so-called net neutralityface big obstacles and would take many months, if not years, to succeed. But in Montana, the governor…
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American economy
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CFPB to reconsider rule on payday loans
From CNN Money Edition: The watchdog agency said in a statement Tuesday that it intends to “reconsider” a regulation, issued in October, that would have required payday lenders to vet…
Consumers lack financial literacy, contributed to Great Recession
From the LA Times: Guess how many Americans correctly answered this basic financial question: Is the stock of a single company usually safer than a mutual fund? A) 100% B)…