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Consumer protection agency for financial products presents classic drama (Knoxville News Sentinel)
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Wed, 10 Mar 2010 20:50:00 GMT
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One of the most contentious issues in Congress, after health care, is the proposed creation of an independent consumer protection agency for financial products such as bank accounts, credit cards, mortgages and some student and auto loans.Many Democrats and consumer groups say the Federal Reserve and other regulators were so focused on bank profits and balance sheets that they allowed the spread ...
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Defaults on student loans rising (12 News Phoenix)
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Sun, 07 Mar 2010 15:19:01 GMT
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Every year, tens of thousands of college students and graduates stop making payments on their student loans. For more than a decade, that loan-default rate was in decline because the federal government toughened penalties for schools with high shares of defaults.
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Fitch Affirms Kentucky Higher Education Student Loan Corp - 2004 Trust Indenture Senior Notes (Business Wire via Yahoo! Finance)
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Wed, 10 Mar 2010 21:04:00 GMT
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NEW YORK----Fitch Ratings affirms the long-term ratings on the senior notes of the Kentucky Higher Education Student Loan Corp - 2004 Trust Indenture senior notes. The Rating Outlook remains Stable.
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Congress battling over consumer agency (San Francisco Chronicle)
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Sun, 07 Mar 2010 08:39:59 GMT
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One of the most contentious issues in Congress, after health care, is the proposed creation of an independent consumer protection agency for financial products such as bank accounts, credit cards, mortgages and some student and auto loans. Many Democrats and...
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Defaults on student loans rising (The Arizona Republic)
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Mon, 08 Mar 2010 22:05:42 GMT
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Advocates cite tuition, loose lending, low wages.
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Patrick O'Mahen: Aiding student loans (The Michigan Daily)
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Sun, 07 Mar 2010 23:42:06 GMT
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Back in September, the Daily reported that the U.S. House of Representatives had passed the Student Aid and Fiscal Responsibility Act of 2009, which would drastically reform the student loan system ( How a federal financial aid overhaul could affect 'U' students , 9/24/09). read more
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Congress battling over consumer agency (San Francisco Chronicle)
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Sat, 06 Mar 2010 19:09:59 GMT
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One of the most contentious issues in Congress, after health care, is the proposed creation of an independent consumer protection agency for financial products such as bank accounts, credit cards, mortgages and some student and auto loans. Many Democrats and... Credit card - Financial services - Loan - Business - Bank account
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Granddaughter jailed in loan fraud (Sanilac County News)
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Wed, 10 Mar 2010 15:57:14 GMT
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A Melvin woman has been sentenced to jail for forging her grandfather's name to get thousands of dollars in student loans. Then she spent most of it on things for her then boyfriend. read more
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Defaulted Loans May Haunt Seniors (WallStreet Journal via Yahoo! Finance)
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Mon, 08 Mar 2010 17:05:41 GMT
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A little-noticed law could result in smaller Social Security checks for hundreds of thousands of seniors who owe the U.S. money from defaulted loans and other debts more than a decade old.
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Letters to the Editor (The Philadelphia Inquirer)
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Thu, 11 Mar 2010 00:02:00 GMT
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Keep revengeout of bank policyRe: "Keep an eye on banks," Monday:You say that "a new watchdog is one of the prices [banks] should pay for their past recklessness." I have no quibble with your position, but the rationale for a Consumer Financial Protection Agency should be based on policy considerations, not revenge.
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