Months after the Food & Drug Administration finalized rules that treat e-cigarettes like traditional cigarettes and cigars, including banning the sale to minors, a new report from the U.S. Surgeon General suggests the regulations may be too little too late, as use of the alternative tobacco products has skyrocketed among younger consumers, posing a public health threat. [More]
While several recent reports have suggested that many student loan borrowers face needless hurdles when trying to reduce their monthly payments through the Department of Education’s income-driven repayment plans, a new study has found the programs are working and will eventually forgive $108 billion in outstanding student debt. [More]
Volkswagen’s recently approved $15 billion settlement with the U.S. government was seen by some as the final chapter in the carmaker’s “defeat device” emissions scandal, but officials in California may have found evidence that VW used a second device to skirt carbon dioxide emissions restrictions in certain of its Audi vehicles. [More]
Once upon a time, we wandered the aisles of the local video, unable to make up our mind about which movie to rent. It was a waste of time, but it was usually better than whatever was airing on TV that night. Now the technology has changed, but we still spend an awful lot of time trying to find something that isn’t live TV.
More than two years ago, the Consumer Financial Protection Bureau enacted rules about the ways mortgage servicers could operate and interact with borrowers, but a new report finds that many of these servicing companies continue to go about (bad) business as usual, using failed technology that has already harmed American homeowners.
Part of the appeal of driving around town in an electric vehicle is that it doesn’t need gasoline, and thus, is better for the environment. But there’s one thing all of these vehicles aren’t good for: gasoline demand. [More]
After weeks of urging from lawmakers, consumer advocates, and others, staff with the Department of Education recommended the termination of federal recognition for the accrediting body that ignored red flags at failed for-profit educator Corinthian Colleges and allowed billions in federal aid to go to schools under investigation. [More]
Less than a week after California’s Attorney General urged the Department of Education to revoke federal recognition of Accrediting Council for Independent Colleges and Schools (ACICS) following its continued approval of for-profit education chain Corinthian Colleges Inc. up until the day the now defunct schools closed their doors, a new report reveals ACICS’s “pattern” of providing approval to schools with bad track records, resulting in the funneling of more than $6 billion in federal funds to those schools. [More]
While health officials continue looking for a cure for the Zika virus, scientists are considering the possibility that the mosquito-borne illness could also be sexually transmitted from human to human. [More]
For millions of students, attending college is a means to a better life: more job prospects, and higher earnings over a lifetime. While students who enroll and graduate from an institution of higher learning often reach those goals — despite graduating with thousands of dollars in loan debt – millions of others never graduate and face mounting financial obstacles. [More]
When seeking an infusion of cash to make ends meet, consumers may turn to payday loans, cash advance loans, or auto title loans. While each of these short-term, high-interest loans pose a financial risk to borrowers, only one has the ability to take away what is often a person’s largest asset: their vehicle. And, according to a new report, one-in-five consumers who take out a single-payment auto title loan have their car seized by lenders. [More]
Eighteen months and $70 million later, the National Highway Traffic Safety Administration has closed a probe into Honda’s failure to report over 1700 injuries and deaths over a period of 11 years without further penalties against the carmaker. [More]
Expensive. Harmful. Predatory. Those are just a few of the words that members of faith-based groups used to describe payday and auto-title loans in a recent report that asked congregants in 30 states to detail their experience with the short-term, high-cost loans and similar financial products. [More]
If we’ve said it once, we’ve said it a million time: those who attempt – and often succeed – at scamming senior citizens of their savings are the worst of the worst when it comes to already unsavory, immoral fraudsters. Despite regulators’ attempts to take these operations out of commission, one in five older Americans report being the victims of financial exploitations either by ne’er-do-wells or family members. [More]