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Banks Want To Forgive Credit Card Debt — But The Government Says No
The next wave of the credit crisis — the skyrocketing defaults on credit cards — is coming in and odd alliances are being formed. The Consumer Federation of America, along with the Financial Services...
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Bank Of America To Pay $16.6M To Settle Allegations Of Processing Drug...
Processing transactions for drug traffickers is a big no-no, which is why Bank of America has agreed to pay $16.6 million to resolve federal allegations that it was involved in moving money around for...
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Carnival Cruise Ship Sailing Toward Cuba Next Spring
If visiting the Dominican Republic on Carnival’s latest Fathom cruise line for a few days of volunteer work didn’t seem like the right fit for you, there’s now another island option: Cuba. Carnival...
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For-Profit Colleges Lead The Way On Loan Defaults: Report
During the Great Recession, the growing industry of for-profit colleges promised millions of Americans a path to a higher education. But the high tuitions charged by many schools sent U.S. student...
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Feds Recommend Overhaul Of Student Loan Servicing
Earlier this year, the Consumer Financial Protection Bureau launched a public probe into potentially anti-consumer practices of the student loan servicing industry. More than 30,000 people responded,...
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Treasury Department Calls For More Oversight, Regulations Of The Online...
Sure, the idea of sitting on your couch in your boxers and picking a loan from a list of preselected lenders seems like an easy and fairly straight-forward process. But federal officials say the...
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