News

2019

December

13
  • Are student loans the next mortgage crisis?. Mike Calhoun, who runs the nonprofit Center for Responsible Lending, sees many similarities between the 2007-2008 mortgage crisis and today’s student loans. The latest student loan debt statistics show that there are approximately 45
12
  • Community Reinvestment Act cheat sheet. The OCC and FDIC’s sweeping proposal to reform how they implement the Community Reinvestment Act (CRA) would maintain in part the physical component of assessment areas while introducing a new "50%-5%"
11
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  • Consumer Action INSIDER - December 2019. The December 2019 issue of the Consumer Action INSIDER announces Wells Fargo's funding of Consumer Action's innovative new FinTech initiative to help underserved consumers reach their financial goals; gives an overview of our latest Consumer Action News edition on the prescription drug affordability crisis; informs readers of what action to take if their college has been closed and they still owe student loan debt (particularly if it was a predatory for-profit school); updates readers on the Consumer Financial Protection Bureau's work; and more.

November

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  • How to keep pets from destroying your stuff. There’s a ton of gear out there that keeps pets from scratching, marking, or chewing on the wrong things. Yet deterrents alone won’t keep a pet owner’s belongings in
23
  • Consumer watchdog downplaying a major Obama-era tool. The director of the country’s primary consumer watchdog, the Consumer Financial Protection Bureau (CFPB), downplayed the role of the complaint database in its operations and even its utility as a major tool at
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  • Realtors association bans “pocket listings”. The National Association of Realtors board of directors voted 729-70 to ban the controversial practice of “pocket listings.” It’s a practice that was surging in competitive markets such as New York,
11
08
  • Airbnb CEO pledges to verify all 7 million listings. Airbnb announced several measures to bolster trust and protect the safety of its users better. The news followed the deaths of five people after a shooting at an “Airbnb mansion party” in California
 

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