| Nov 3, 2014
| 7:49 AM
LOS ANGELES (Reuters) - U.S. students are still largely on their own to protect themselves when they are struggling to repay their debt, despite the government's condemnation of some education loan servicers' unfair, deceptive and illegal practices.
| Oct 31, 2014
The Obama administration is stepping up regulation of for-profit career colleges, announcing rules that could cut off federal funding to institutions that leave students with massive debts they can't repay.
The U.S. Department of Education's effort,...
| Oct 28, 2014
| 1:00 PM
WASHINGTON (Reuters) - Companies that service U.S. student loans and mortgages tricked customers into paying higher fees or engaged in other acts that violate U.S. consumer laws, the U.S. Consumer Financial Protection Bureau said in a report released on...
| Oct 26, 2014
| 8:28 PM
By most measures, the housing market should be roaring.
Prices are leveling off. Borrowing is cheap. Even the job market is recovering. And yet home sales are on pace to fall this year for the first time since 2010.
The torturous experience of home...
| Oct 17, 2014
| 11:14 AM
U.S. President Barack Obama signed an executive order on Friday to beef up security measures for federal credit cards, and urged banks and retailers to follow suit in an effort to combat the growing threat of identity fraud.
The order, which Obama signed...
| Oct 15, 2014
| 6:31 PM
Does this sound familiar? You just couldn't pass up the sale you stumbled on. You were sure your spouse wouldn't mind because your credit card was offering a zero percent promotional interest rate on purchases.
So you'd still have a balance when that...
| Oct 14, 2014
| 5:12 PM
What ever happened to the messiah? He for whom Americans danced in the streets on that unforgettable election night just six years ago. He who promised that humankind would remember this moment "when the rise of the oceans began to slow and our planet...
| Oct 17, 2014
| 12:23 PM
The commander-in-chief says he was at a New York restaurant recently eating out with First Lady Michelle Obama during the United Nations General Assembly.
But when it came time to pay the bill, some poor waitress had to tell the president the bad news:...
| Oct 16, 2014
| 9:15 AM
Complaints about student loans are up almost 40 percent nationwide over the past year, a federal agency said this week. But gripes about local servicer Discover Financial Services are down slightly despite education lending being a bigger part of the...
| Sep 21, 2014
| 5:00 AM
When Tom Greco bought his four-bedroom home three decades ago, he assumed he'd pay off the mortgage before retirement — just as his parents did.
Things didn't work out that way.
Instead, his $4,500 monthly mortgage payments — a consequence...
| Sep 2, 2014
| 3:00 AM
The dilemma facing the true grassroots tea party believers -- the dilemma they do not acknowledge -- is that their primary goal of whittling and whacking away at big government undercuts their secondary goal of saving the middle class from the greedy grip...