The Department of Defense is trying to do something good for servicemembers by closing loopholes in the Military Lending Act that can leave military personnel vulnerable to predatory lenders. But these safeguards are now the target of a Congressman who has received substantial campaign contributions from payday lenders. [More]
Yesterday we reported that Congress would make a decision whether or not it would intervene to slow the Department of Defense’s work to create new rules aimed at closing loopholes in the Military Lending Act that often leave military personnel vulnerable to predatory financial operations. Thankfully, legislators saw the need for more protections regarding military lending and determined the rules could go into effect as planned. [More]
Students are more dependent than ever on technology and the Internet for their education, but those same apps and online learning tools that help educate them could be putting their personal information at risk if shared improperly. Nearly a month after it was first expected, a pair of U.S. representatives have introduced a bill aiming to restrict third-party use of students’ sensitive personal data. [More]
Accused Dine-And-Dashers Arrested For Allegedly Running Over Waitress Who Confronted Them About Bill
As if it isn’t bad enough to deliberately avoid paying a restaurant tab, a group of diners is accused of not only skipping out on the bill, but then allegedly running over the waitress who confronted them.
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]
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]
Lawmakers in New Hampshire are trying to turn the state a bit greener, with representatives passing a bill in the House that would decriminalize the possession of small amounts of marijuana.
Getting paid to spy for your government isn’t just something for the movies: In New York City, lawmakers are introducing a bill that would reward citizens who report drivers of idling vehicles and submit a video of the act as proof.
What’s better than a night out on the town? A night out on the town that involves a surprise free meal. In a move that’s good for the business’ image and definitely welcomed by diners, a restaurant in a Detroit suburb told patrons the owners were picking up the tab… for everyone.
Not unlike a mummy, the reanimated corpse of a bad bill that just doesn’t know when to stay dead is once again coming to the floor of a Congress near you this week. Tomorrow, the Cyber Intelligence Sharing and Protection Act — better known as CISPA — is once again going to be introduced before the House of Representatives.
A bill to allow consumers to refinance their student loans to the rate currently being issued on new federal and private student loans succumbed to a painful death on the Senate floor Wednesday despite being championed by consumer advocates. [More]
It makes sense that the federal government would want to collect owed taxes and a proposed law would require the IRS to push that duty off to private debt collectors. However, a history of abusive practices by debt collectors and the failure of similar programs in the past has consumer advocates warning that the provision will only hurt consumers and the government in the long run. [More]
It’s one thing to have a wild and crazy night where you wake up and think, “Hmm, maybe some things happened last night that I don’t remember,” but to ring up over $100,000 at the same strip club and then claim you were drugged — four nights out of 10? That might be a tougher tale to tell convincingly. [More]
It’s a truly blessed event when a couple decides to truly commit to each other and… join their mobile phone plans together. Kelly and her husband made this true commitment after they were already married, intending to save some money. Instead, they got a series of seemingly random four-figure bills from AT&T. The carrier insisted that Kelly and Mr. Kelly needed to put down deposits…despite being AT&T customers in good standing of a decade or so. They remain confused. By “they” we mean “pretty much everyone involved in this mess.”
It was really thoughtful of the U.S. Department of Education’s Direct Loans program to let Puck know that his student loan payments, which he starts making in August, are too low to cover interest payments, and that some of that interest was about to be capitalized and become part of the loan’s total. It wasn’t all that thoughtful toward the environment or the program’s bottom line, though, because they printed and mailed a letter inviting him to use a forty-four cent stamp to pay off seven cents in accrued interest.