Steven Depolo

Thinking Of Gambling On The Election? You Can’t In Vegas

The election is next week and while some might argue it’s a sporting event — the rounds of debate sparring, the marathon-like campaign stops — it’s not. So, if you were planning on betting for one side or the other, you might want to think again: Vegas doesn’t want your bet.  [More]

Michael

New Rules Aim To Make It Easier For Students To Seek Financial, Legal Relief From Failed Colleges

In the last few years, multiple for-profit college chains have closed with little or no warning given to their students, while others remain on the brink of closure. And many of the for-profit schools that remain bar wronged students from ever suing the college in a court of law. Today, the Department of Education finalized the massive overhaul of its “Borrower Defense” rules in an effort to make it easier for students to hold colleges financially and legally responsible for their actions. [More]

London Uber Drivers Must Pass English Language Test

London Uber Drivers Must Pass English Language Test

Operating a worldwide ride-sharing platform means that Uber often finds itself disputing local rules and regulations. Most of these battles have been about taxes permits, insurance, or background checks for drivers, but a new directive handed down by London’s transportation agency requires drivers to pass an English language proficiency exam.  [More]

New Prepaid Debit Card Rules Add Protections, Improve Transparency; Take Effect Oct. 2017

Patrick Fagan

Two years after the Consumer Financial Protection Bureau first proposed rules aimed at making prepaid cards safer and less costly for the 24 million unbanked consumers who make use of these sometimes costly and fee-laden financial products, the agency is releasing the final version of the rules that will kick in a year from now.  [More]

pjpink

FDA Warns Dozens Of Retailers Caught Selling E-Cigs, Liquid Nicotine To Minors

The Food and Drug Administration recently finalized rules making it clear that e-cigarettes and liquid nicotine are, just like traditional cigarettes, not to be sold to people under the age of 18. Now the FDA is putting dozens of retailers on notice that they were caught allegedly selling these products to minors. [More]

MeneerDijk

New Rules Aim To Regulate Online College Programs

Colleges offering distance education, such as online courses, must receive authorization from each state where it has students in order to receive federal financial aid, according to recently released rules that aim to better regulate the online education industry and ensure students understand what protections they have when attending a college in another state.  [More]

Mr Seb

Lawsuit Seeks To Overturn Controversial Copyright Law Provisions

For nearly two decades, provisions in the Digital Millennium Copyright Act have made it illegal in many cases for people to circumvent copyright protections on things like CDs, DVDs, e-books, and MP3s, even when the intended use of this data may be protected by law. A new lawsuit filed today by the Electronic Frontier Foundation argues that these aspects of the DMCA don’t stand up to legal scrutiny. [More]

Phil's 1stPix

NHTSA: Self-Driving Cars Need To Be Twice As Safe In Order To Reduce Traffic Deaths

Proponents of self-driving vehicles claim the new technology will decrease the number of crashes occurring on the roadways, thereby reducing the number of driver and pedestrian deaths. But for that to happen, regulators say the new industry must take significant steps to improve autonomous vehicle safety.  [More]

New Rules Aim To Rein In Predatory Payday Lending, But Will They Work?

Adam Fagen

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]

FDA Bans Sale Of E-Cigarettes To Minors; Requires Health Warnings

FDA Bans Sale Of E-Cigarettes To Minors; Requires Health Warnings

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]

C x 2

Religious Groups Call On DNC Chair To Denounce Pro-Payday Loan Bill

Faith-based community organizations are among the loudest voices in the battle against predatory lending practices like payday loans. And while most of their efforts are on education and local reforms, a coalition of these groups is thinking nationally, calling on Congress, including the chair of the Democratic National Party, to rethink their support a pro-payday loan piece of legislation. [More]

Bank-Backed Lawmakers Accuse CFPB Of Hurting Consumers By Trying To Regulate Payday Loans

Bank-Backed Lawmakers Accuse CFPB Of Hurting Consumers By Trying To Regulate Payday Loans

It’s never a good sign for the Consumer Financial Protection Bureau when it’s called to testify at a Congressional subcommittee hearing subtitled “The CFPB’s Assault on Access to Credit and Trampling of State and Tribal Sovereignty.” And so it should come as little surprise that bank-backed members of the House Financial Services Committee is trying to paint the agency’s efforts to rein in predatory lending as an attack on the very people the CFPB is trying to protect. [More]

Dept. Of Education Working On Rules For Defense Of Repayment Law After Influx Of Claims

Dept. Of Education Working On Rules For Defense Of Repayment Law After Influx Of Claims

Under federal law, student loan borrowers may be eligible to have their debts discharged if they prove the school they attended deceived them with false promises related to their future careers. However, the measure has been used only sparingly in the past and few clear rules outline the forgiveness process. Now, after nearly two decades on the books, federal officials are finally getting around to crafting rules that could remove one roadblock for students seeking relief.   [More]

REAL ID Standard Implementation At Airports To Start January 2018

REAL ID Standard Implementation At Airports To Start January 2018

Hundreds of thousands of residents in five states and one U.S. territory will receive a two-year reprieve from having to use an additional form of identification when going through airport security, as the Department of Homeland Security extended the deadline for state drivers licenses to meet REAL ID standards.  [More]

From The Heart Or Wallet: Get The Most Of Your Last-Minute Charitable Donations

From The Heart Or Wallet: Get The Most Of Your Last-Minute Charitable Donations

Whether it’s the lingering holiday spirit or just the desire to lower your annual tax burden before the deadline, you might be feeling a bit of a tug to donate your time, money, food, clothing, or other items to charity.  But before you make your last-minute gift, make sure you’re doing it right. [More]

(Bill Binns)

Residents In Nine States Could Need A Second Form Of ID To Pass Through Airport Security Next Year

Ten years ago, Congress passed the REAL ID Act, which set minimum security standards for state-issued driver’s licenses and photo IDs. While the rules haven’t exactly been enforced to the “T” by the Dept. of Homeland Security, that’s poised to change, leaving millions of people in nine states in need of a second form of ID to pass through airport security.  [More]

Drone Owners Must Register Their Unmanned Aircraft Starting Dec. 21

Drone Owners Must Register Their Unmanned Aircraft Starting Dec. 21

Nearly a month after a task force recommended the Federal Aviation Administration require drone hobbyists to register their unmanned aircraft, the agency has finally solidified a process to keep tabs on the flying devices.  [More]

New Campus Banking Rules Hope To Protect Students From High Prepaid & Debit Card Fees

New Campus Banking Rules Hope To Protect Students From High Prepaid & Debit Card Fees

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]