It’s difficult to go a month or even just a few weeks without hearing of another for-profit college being under investigation for unscrupulous practices, such as inflated job placement rates and pushing students into costly student loans. New legislation announced today aims to curtail the number of investigations we hear about by protecting students from predatory, deceptive, and fraudulent practices in the for-profit college sector, before they even enroll. [More]
When Education Credit Management Corporation announced late last year that it would buy 56 of for-profit education chain Corinthian College Inc.’s Everest University and WyoTech campuses, consumer advocates expressed great concern that the new company – which would operate under the name Zenith – would continue the unfair practice of requiring students to sign away their right to seek any legal action against the company if they’re wronged. While ECMC ultimately said it would do away with the practice, new legislation aims to strengthen students’ legal rights when it comes to forced arbitration. [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]
While the news is filled with reports of various frauds perpetrated on American consumers, one particularly nasty scam doesn’t make as many headlines because it preys almost exclusively on recent Spanish-speaking immigrants who think they are paying for quality legal advice but instead get someone with nothing more than a notary stamp. [More]
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]
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
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]
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]
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]
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]
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]
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.
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]
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]
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]
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]
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.
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.