News

2018

September

18

• Large student loan debt make millennials unable to afford homes (Chinese). 金融危機經濟大蕭條的十年後，美國學生貸款提高總額達到紀錄新高，房屋擁有率卻持續低於過去幾個世代，特別是那些原本是購房主力的年輕世代。哈佛大學住房研究共同中心資深副研究員史帕德(Jonathan Spader)表示，學生貸款沉重，年輕人被迫推遲購屋。

17

• Senators demand answers after student loan watchdog resigns. Seeking to "evaluate the independence and effectiveness" of the federal Consumer Financial Protection Bureau's student loan office, 15 members of the Senate Democratic Caucus sent a terse letter Thursday evening to Mick Mulvaney,

• CFPB pursues first lawsuit of Mulvaney era. The Consumer Financial Protection Bureau is accusing an Irvine company of targeting pensioners with high-cost deceptive loans. The case filed in federal court in Santa Ana might not in recent years have garnered much attention,

• The mortgage market is back, with new risks. As the overall mortgage market grows to a record size, the Federal Reserve is retreating from the sector it rescued, raising concerns about a potential uptick in volatility. And as the housing recovery and rising

• We're measuring the economy all wrong. The notion that our most prominent economic indicators are problematic has been around for a long time. Kuznets himself, the economist who invented G.D.P. as we know it, cautioned people not to confuse

13

• U.S. regulators reject Wells Fargo's plan to repay customers. U.S. regulators have rejected Wells Fargo & Co’s (WFC.N) plan to repay customers who were pushed into unnecessary auto insurance, telling the bank it must do more to ensure it has

• The Recovery threw the middle-class dream under a Benz. Like the diary stored in Ms. Swonk’s basement, the scars of the financial crisis and the ensuing Great Recession are still with us, just below the surface. The most profound of these is

12

• Hurricane Florence: how to evacuate your home. Hurricane Florence, which has led to evacuation orders in the Carolinas and Virginia, could bring conditions that people have not seen in their lifetimes. Here’s what you can do to get ready.

• Dodd-Frank and consumer protections: from financial crisis to today. For the finaical industry, changes to the Dodd-Frank Act, created in the wake of the 2008 financial crisis, and the shift in policy and priority at the Consumer Financial Protection Bureau has been a welcome relief.

11

• 10 years later, has your retirement portfolio recovered?. You may not recall that day 10 years ago when investment banker Lehman Bros. filed for bankruptcy, but if you had any money in the stock market you definitely must remember the fallout.

• Are Americans ready for the next recession?. The way Americans interact with the financial system has changed dramatically over the last 10 years. And yet, for all the technological innovation, Americans’ fundamental relationship with the institutions that help them pay for homes,

10

• Crafters of financial regs after 2008 crisis now work for Wall Street. Ten years after the financial crisis brought the U.S. economy to its knees, about 30 percent of the lawmakers and 40 percent of the senior staff who crafted Congress’ response have gone to

• Baby boomers are struggling to downsize. Rising mortgage rates, sky-rocketing home prices, and inventory shortages at the lower end of the market are converging to create a new housing crisis—this time for baby boomers, housing experts warn.

07

• Starbucks, florists and other signs home prices are about to go up. Researchers found they could use Yelp to predict where gentrifiers would drive up prices. It was more than cafes and coffee shops. Five other businesses, including wine bars and convenience stores, were an even clearer

• What we've already forgotten from the financial crisis. The recession suppressed American economic growth so severely that gross domestic product still has not recovered — and might never regain its lost output (by the reckoning of the Federal Reserve Bank of San Francisco).

05

• Your credit score may have gone up, but don't rest easy. Your credit score may have just gone up. That’s because the big credit agencies have cleaned house a bit, removing outdated info that may have been weighing on your creditworthiness. The bad news:

• Bill to aid mortgage applicants who rely on the gig economy. Enter the Self-Employed Mortgage Access Act, co-sponsored by Sens. Mark R. Warner (D-Va.) and Mike Rounds (R-S.D.). It would expand lenders’ permissible sources to verify incomes beyond the relatively narrow range specified in

04

• Preparing your finances for the fall home-buying season. Taking a home buyer education course and checking your credit are just two of the financial steps you should consider before going house hunting.

August

29

• Breaking the taboo of talking about money. Many forces—the social taboo, the intimidation factor, embarrassment—conspire to keep us from talking about money and improving our circumstances. It’s time we all change the story and open up

• If you care about your wallet, you should fear Kavanaugh. There is little doubt that if Judge Kavanaugh is confirmed, he will tilt the scales of justice in favor of corporations over the interests of consumers, workers, investors, students and retirees, while making it harder