The Washington Post, addressing the current work of the CFPB and the Department of Education, had editorials yesterday and today pertinent to student loans and higher education: Read "The Trump administration’s scandalous handling of student loans," here. Read "How Betsy DeVos could trigger another financial meltdown," here. The New York Times, addressing proposed changes by […]
Author Archives: Allison Zieve
Cornucopia Institute, a Wisconsin-based farm policy group, said consumers cannot rely only on the organic seal from the USDA. The group says that the USDA is failing to protect ethical industry participants and consumers from fraud. Food Safety News has the story, here.
Pew Charitable Trusts reports that consumers are exposed to potentially harmful financial products from the nation’s fragmented regulatory system. "Innovation can spur growth and competition in financial markets and provide new and better options for customers. But without careful, balanced regulation, it can also present serious risks to consumers,” the report contends. The report also […]
The Los Angeles Sentinel reports on a new poll that finds consumers still support financial regulation and related enforcement. Moreover, consumer concern about payday and car-title lending has increased over the past year. Roughly three-fourths of likely 2018 voters support the existence of the Consumer Financial Protection Bureau and more than half are concerned about Republican efforts […]
The bottom line: "Presidents deserve wide latitude in choosing agency heads to carry out their mission in line with the administration's priorities. And USA TODAY has a long history of supporting those choices even when we disagree with the views of particular nominees. But the public should be able to demand, at a minimum, that […]
Politico reports on continuing debate over rules to protect people from financial advisors' who put their own interests above those of the clients that they are advising. Older savers are often the targets of brokers’ self-enriching sales that saddle them with expensive products or investments they can’t easily exchange for cash, interviews with financial advisers […]
The Washington Post reports that "Facebook’s push to gain access to users' banking data and other sensitive financial information could help make online banking more efficient — or it could backfire among those skeptical that the world’s biggest social network can reliably safeguard personal data. The site has joined a growing race among big technology […]
Jon Sheldon at the National Consumer Law Center discusses "Shortening the Limitations Period on Credit Card Collection Lawsuits": With the growth of the debt buying industry, the statute of limitations has become a particularly important defense in credit card collection lawsuits. Not only do debt buyers purchase credit card debt six months or more after […]
The Regulatory Review has a short piece on Betsy Devos's effort to roll back protections for student loan borrowers put in place under the Obama Administration, focusing on the borrower-defense rule. The post is here.
Mobile peer-to-peer payment services used on smartphones and tablets make it easy to transfer money between friends. Consumer Reports tested five mobile P2P services — Venmo, Square's Cash App, Facebook P2P Payments in Messenger, and Zelle — to see how they stacked up for protecting data-privacy and security. The article is here.