News

2018

August

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  • A new twist on rent-to-own housing. The idea of any of these alternatives is they're premised on the idea that you will eventually qualify for a mortgage to buy this house, but if you can't qualify for a mortgage
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  • One in 8 divorces is caused by student loans. In general, finances are the leading cause of stress in a relationship, according to a study by SunTrust Bank, and student debt takes a particularly hard toll on a marriage. And more than one-third of
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  • Wells Fargo faces new problems with mortgage borrowers. Wells Fargo is facing government probes into its use of low-income housing tax credits, and has also set aside $8 million to compensate borrowers who were incorrectly denied mortgage modifications under a federal assistance program, the
  • Bankruptcy booms among older Americans. For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy. he signs of potential trouble—vanishing pensions, soaring medical expenses, inadequate savings
  • Upward mobility is a myth. It’s an axiom among many Americans that each future generation will live better than its predecessor. Among many young Americans, however, there is downward mobility. The children aren’t achieving what they
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  • Consumer Action INSIDER - August 2018. This month's INSIDER updates readers on recent events (including Public Citizen's Affordable Medicines Now conference, the Transatlantic Consumer Dialogue’s annual meeting on the impact of technology on consumers, and the Credit Builders Alliance Training Institute); breaks down the pros and cons of a new California data protection law; tells the tale of a consumer who was charged too much for her out-of-country car rental due to "currency conversion" issues; updates readers on the latest happenings at the Consumer Financial Protection Bureau (which is currently under assault by its own director); gives information on our "coalition efforts" and lists the latest lawsuit settlements from our Class Action Database.
  • The top 10 things consumers complained about in 2017. False advertising of new and used cars, shoddy home improvement work, and deceptive retail sales tactics lead the towering list of complaints that consumers submitted last year. A new annual Consumer Federation of America (CFA)

July

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