After nearly four years of studying the issue of high-cost, short-term financial products like payday loans, and auto-title loans, the Consumer Financial Protection Bureau has finally released its proposed rules intended to prevent borrowers from falling into the costly revolving debt trap that can leave people worse off than if they hadn’t borrowed money in the first place. [More]
A long Time Coming
FDA Bans Sale Of E-Cigarettes To Minors; Requires Health Warnings
By 5.5.16
After a prolonged, seven-year process of drafting regulations for e-cigarettes, the Food and Drug Administration has finalized rules that treat e-cigs, hookah tobacco, pipe tobacco, and premium cigars the same as traditional cigarettes and cigars. [More]
New Campus Banking Rules Hope To Protect Students From High Prepaid & Debit Card Fees
By 10.27.15
Back in May, the Department of Education proposed rules to govern college prepaid and debit cards in order to afford students proper protections from excess fees and other harmful practices. Fast forward five months, and those rules have are now finalized. [More]
Dept. Of Education Proposes Rules To Govern College Prepaid Credit & Debit Cards
By 5.15.15
College students’ federal aid has increasingly been put at risk by the cozy relationship between institutions of higher education and credit card issuers over the years. While consumer advocates and legislators have debated whether or not products like student IDs that double as credit or debit cards provide an actual benefit to students or if they’re just a way for schools and banks to rake in the big bucks, the Department of Education finally took steps today to ensure students are afforded proper protections from excess fees and other harmful practices with the proposal of regulations targeting the college debit and prepaid card marketplace. [More]
