When visiting a financial adviser for consultation about retirement savings one might assume those counselors have their best interests in mind. Unfortunately, that’s not always the case. To better ensure consultants are working for consumers and not for fees, the Labor Department will propose new rules to increase standards for brokers who recommend investments for retirement accounts. [More]
While some hospitals work to assist patients in paying their unexpected and often expensive medical bills, other institutions have been known to employ aggressive tactics that harshly penalize patients who are unable to pay their medical debts. However, the adoption of new federal rules aims to change the way in which non-profit hospitals handle consumers and their debts. [More]
Members of the military — particularly younger members from lower-income backgrounds — are too often the target of shady, predatory businesses looking to take advantage of their youth and inexperience with finances. The Military Lending Act offers some protections, but these operators find ways to get around the law. On Friday, the U.S. Dept. of Defense took steps to eliminate some of those exploitations by creating reforms to the current military discretionary allotment system. [More]
Here’s a problem for the Lackawanna County park system: They’ve passed new rules that prohibit “unlicensed firearms.” Sounds reasonable until you notice that the park is in Pennsylvania where they apparently don’t license guns.
It’s great that everyone’s concerned about keeping kids healthy and all, but Jay says the woman working at his local Subway put her foot down on his request for a meatball sandwich for his kid. He says she told him, “You can get ham or turkey but no meatball.” Kids don’t need meatballs! [More]
The downside to responsible lending is that the lenders will need more information about you, says the WSJ. [More]
If your electronics mistakenly reset themselves standard time yesterday, you’d better fix them. Daylight Savings Time is set to end one week later than usual (on November 4th), due to a law change.