(Michael)

Student Loan Borrower’s Bill Of Rights Would Reform Disclosure And Servicing Standards

In recent weeks, legislators have introduced a range of bills aimed at addressing student loans and revamping the laws governing those debts. Today, that push continued with the reintroduction of a bill that would ensure student borrowers are treated fairly and understand the range of options at their disposal. [More]

(Enokson)

Legislation Would Limit How Education Companies Use Students’ Online Data

With the use of technology now tightly tied to education, consumer advocates and parent groups have increasingly voiced concern about how student data is used. New legislation aims to alleviate worries over the exploitation of students’ personal information by placing restrictions on how that data can be used by third-party technology companies. [More]

Bill Would Ban Marketing, Sale Of Electronic Cigarettes To Minors; Create Regulations On Packages & Labeling

Bill Would Ban Marketing, Sale Of Electronic Cigarettes To Minors; Create Regulations On Packages & Labeling

Earlier this month a new study found that it was increasingly easy for teens to purchase e-cigarettes despite a plethora of laws prohibiting the sale of such products to minors. Today, a group of Senators are taking action to make it more difficult for minors to purchase the products by creating restrictions on sales and marketing of e-cigarettes. [More]

(Larry Troy)

Legislators Once Again Introduce Bill That Would Allow Student Loan Refinancing

If at first you don’t succeed try again…  and again, and again. That appears to be the approach members of Congress are taking when it comes to a bill that would allow student loan borrowers to refinance their private and federal student loans. [More]

(Nicholas Eckhart)

Tesla Faces One Last Hurdle In New Jersey After Senate Passes Bill Allowing Direct-To-Consumer Sales

A little more than a year after the New Jersey Motor Vehicle Commission unanimously voted to block the sale of Tesla vehicles directly to consumers, the state’s Legislature passed a bill allowing the car company to bypass auto dealerships and continue its unique model of car sales. [More]

(Tim Schreier)

Senators Introduce Legislation To Make Private Student Loans Dischargeable In Bankruptcy

Since 2005, student borrowers have been unable to discharge their private student loans through the process of bankruptcy. But that could soon change after a group of 12 senators introduced a bill aimed at addressing the current student debt crisis by restoring the bankruptcy code to hold private student loans in the same regard as other private unsecured debts. [More]

Both the House and Senate introduced legislation today that would create standards regarding the packaging of detergent packets.

Legislation Aims To Make It Harder For Kids To Snack On Yummy-Looking Detergent Pods

Federal safety agencies and poison control centers have continuously expressed concern that the ever-popular, and convenient detergent pods are extremely dangerous to children, with more than 17,000 kids being poisoned by ingesting the detergent since they came on the scene three years ago. Today, the House and Senate took steps to ensure the single-serve detergent packs no long threaten childrens’ safety by introducing legislation that would enact stricter packaging standards for liquid detergent. [More]

(RW Sinclair)

Proposed Bills Would Revamp Food Safety Agencies & Recall Protocols

Last year a group of legislators introduced a bill that would have given the U.S. Dept. of Agriculture the legal backbone to get unsafe meat, poultry and eggs off store shelves. While that bill died in Congress, two new measures seek to pick up the pieces, establishing a single, independent federal food-safety agency and providing new recall procedures. [More]

Regulations Help To Rein In Runaway For-Profit Colleges, But Schools Still Find Loopholes

Fujoshi Bijou

If a company routinely charges more for its products than the competition and its product is often inferior to the more affordable option, that business won’t remain open for long. But thanks to deep-pocketed backers and a government that has handed over hundreds of billions of dollars in federal student aid without asking too many questions, the for-profit college industry continues to rake in the bucks while frequently leaving its students with subpar educations and faint employment hopes. Some federal regulators have attempted to make the industry more accountable, but these schools continue to take advantage of loopholes while legislators and consumer advocates scramble to make reform. [More]

Expected Bill Would Allow Private Student Loan Debt To Be Discharged In Bankruptcy

Expected Bill Would Allow Private Student Loan Debt To Be Discharged In Bankruptcy

If at first you don’t succeed, try again with a more drastic measure. Just two weeks after a bill to allow private student loan borrowers to refinance at lower interest rates failed to gain traction in the Senate, a new bill expected to be introduced this week takes things a step farther. [More]

Bill Would Ban Nationwide Use of Microbeads In Personal Care Products By 2018

Bill Would Ban Nationwide Use of Microbeads In Personal Care Products By 2018

By now you probably know that those tiny microbeads in your facewash do more than just clean your face – they have a sneaky way of entering our waterways and turning up inside the stomach of our seafood. While a few states have acted to end the use of microbeads in health and beauty products, little has been done on a national level, until now. [More]

Proposed Bills Aim To Protect Students From Shady Deals Between Colleges, Banks

Proposed Bills Aim To Protect Students From Shady Deals Between Colleges, Banks

In recent years, the financial industry and higher education institutions have become increasingly comfortable bedfellows. From offering student IDs that act as debit cards to receiving payments for introducing credit cards to students, banks companies have crept their way onto college campuses. Now, a pair of bills introduced in the House and Senate aim to provide transparency over campus-sponsored financial products and put a stop to conflicts of interest and kickbacks between colleges and banks. [More]

Proposed For-Profit College Watchdog Group Would Call Out Which Problem Schools To Avoid

Proposed For-Profit College Watchdog Group Would Call Out Which Problem Schools To Avoid

For-profit colleges have been dominating the news cycle lately; from a newly proposed “gainful employment” rule to federal agencies suing schools for deceptive marketing tactics. The fight to rein in these sometimes predatory higher-education institutions doesn’t appear to be losing steam. Legislation proposed last week aims to improve the coordination between federal agencies that oversee the industry, while providing student with a list of unsavory schools. [More]

New Legislation Aims To Ensure Accurate Credit Reports, Provide Free Credit Scores

New Legislation Aims To Ensure Accurate Credit Reports, Provide Free Credit Scores

Even a small inaccuracy on a consumer’s credit report can have long-lasting negative affects. From the most simple computer error to mixing up individual’s data, credit reporting agencies have been known to be hard to work with when trying to fix incorrect data. But that could all change under legislation introduced today that aims to ensure issues like these don’t happen. [More]

(Discrete_Photography)

Kansas Legislature Wants To Stop Any Other Kansas Cities From Getting Google Fiber

The Kansas state legislature is currently considering a bill that would prohibit municipalities in that state from building out their own municipal broadband networks. Completely coincidentally of course we’re sure, Kansas City is home to the country’s first Google Fiber municipal network. [More]

Some Banks Reward Private Student Loan Borrowers With Refinancing Options

Some Banks Reward Private Student Loan Borrowers With Refinancing Options

Recent college graduates face a number of barriers after getting their diplomas – finding a job, moving out on their own and paying back thousands of dollars in student loans. But now consumers struggling to pay back private student loans might find a bit of relief in new refinancing options from banks. [More]

Federal Judge Blocks Florida's Plan To Drug Test Welfare Recipients

Federal Judge Blocks Florida's Plan To Drug Test Welfare Recipients

Earlier this year, Florida enacted a law that requires welfare recipients to pass drug tests to qualify for benefits. A federal judge stepped in and stopped the law in its track marks over concerns that it violates the Fourth Amendment, which bans illegal searches and seizures. The law would have forced recipients to pay for their own drug tests. [More]

What The Debt Ceiling Bill Means For Your Wallet

What The Debt Ceiling Bill Means For Your Wallet

You need a flowchart and a spreadsheet to understand all the different stages of the debt ceiling bill that passed the House yesterday and is likely to pass the Senate today. But let’s not get hung up on who does what to whom at what point, and when that super-awesome “sudden death mode” of spending cuts kicks in. Instead, let’s look at what the debt-ceiling bill means to you and your wallet. [More]