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]
legislation
Legislation Aims To Make It Harder For Kids To Snack On Yummy-Looking Detergent Pods
By 2.26.15
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]
Proposed Bills Would Revamp Food Safety Agencies & Recall Protocols
By 2.6.15
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
By 8.15.14
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
By 6.25.14
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
By 6.19.14
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
By 5.23.14
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
By 4.10.14
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
By 4.9.14
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]
Kansas Legislature Wants To Stop Any Other Kansas Cities From Getting Google Fiber
By 1.30.14
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
By 1.21.14
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
By 10.25.11
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
By 8.2.11
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]
Hours Left Before Debt Ceiling Vote Deadline, So Read The Bill
By 8.1.11
There’s just a few hours to go before the deadline to vote on raising the debt ceiling and steer clear of a federal default. Late Sunday a deal was worked out and the House and Senate are expected to vote on it. Broadly, the deal raises the debt ceiling, reduces the deficit, and avoids a credit default. More specifically… everyone should read the 74 pages of the bill before making a comment about it. If you don’t have time for that, the White House has also released a 1,465 word fact sheet, a “TL;DR” document of sorts for the nation. [More]
Amazon Tries To Dodge California Sales Tax By Dropping Associates Program In State
By 6.30.11
Responding to a new law that would affix a sales tax to Amazon purchases made in California, Amazon announced it will drop its Affiliates program in the state. Affiliates members help sell Amazon products and get a cut of the proceeds. Dropping the program’s California users would presumably spare Amazon from having to collect sales tax on its California transactions. [More]
Tennessee Bans Posting Of Pics That Cause Emotional Distress
By 6.10.11
It’s a good thing for the internet that Tennessee lawmakers are around to learn it how to behave. After lawmakers threw down a regulation barring people from sharing passwords for services such as Netflix, the state made famous by Arrested Development (the band, not the show) has created a law that bans the posting of images that cause emotional distress. [More]
Florida Will Screen Welfare Recipients For Drug Use
By 6.6.11
Florida has passed legislation that would force welfare recipients to undergo drug tests before they’re able to receive aid. The law, set to go into effect July 1, would make applicants to the federal Temporary Assistance for Needy Families program pay for the tests upfront, but ensures they will be reimbursed if they pass. [More]
Oregon Lawmakers Want To Cash Out Small-Balance Gift Cards
By 5.26.11
Gift cards with just a few bucks left on them are nagging annoyances. Oregon’s state house is fed up with the glorified plastic coupons and passed a bill that would require businesses to let customers exchange them for cash. [More]
