Art Industry

Household debt is a national crisis. Predatory lenders, not borrowers, are to blame.

(Khalil Bendib, Other words) By LeeAnn Hall Years after Toni Potter’s husband died from pancreatic cancer, debt collectors in her Washington state still harassed her relentlessly for her hospital bills. Andrea Anderson, a young student from Oregon, received $ 150,000 in college loans as she pursues her dream of becoming a social worker. She knows […]

Art Industry

The sidecar plan that could soon be attached to your 401 (k)

While economists disagree on the existence of a retirement savings crisis in the United States, one thing is clear: there is an emergency savings crisis. Getting more Americans to save for emergencies, especially low- and middle-income people, is crucial to their financial security. Failure to do so can result in financial ruin. The statistics are […]

Art Industry

New legislation in the United States proposes the Federal Data Protection Agency, a wide range of new enforcement measures

The United States lags behind much of the world in having yet to establish some sort of national data protection agency. Several attempts at federal data privacy standards have been launched in recent years, but have failed to gain traction. Senator Kirsten Gillibrand takes another turn on the matter, but is the first to propose […]

Art Industry

Lenders offer charitable contributions in exchange for high interest rates

In a last-minute voting offer, the consumer lending industry offers to donate an indefinite share of its profits to charities in return for the legal right to grant loans with monthly interest rates of up to 15%. Members of a Republican-dominated conference committee on Thursday approved legislation allowing high-interest loans of up to $ 2,500 […]

Art Industry

Cannabis and gambling: the state ballot measures that matter to banks

As votes continue to be counted in a fierce presidential election, tally on Wednesday showed cannabis legalization and interest rate caps on consumer loans remain popular even in Republican-leaning states. . In other state-level results that have implications for the financial services industry, Californians have passed a voting measure that will strengthen the country’s toughest […]