SUNDAY | AUGUST 30, 2015

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Consumers Encouraged to Give Feedback on Credit Cards  Aggressive debt collection, confusing or changing terms and bogus “introductory offers” are all ways consumers have been bamboozled by credit card companies. If you’ve had issues with credit card companies, the Consumer Financial Protection Bureau (CFPB) wants to hear about your experiences. The CFPB, a regulatory agency born amid Wall Street reforms, is seeking [...]
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Low-Income Families Seek Tax Refund Advances, Face FeesWASHINGTON (AP) — Cash-strapped Americans anxious for tax refunds are increasingly turning to payment advances, prepaid cards or other costly services when getting tax preparation help, according to new federal data raising concerns among regulators about whether consumers are fully informed about the fees. Regulators are looking to increase oversight of preparers amid the rise [...]
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Emanuel and Garcia Head to Runoff for Mayor of ChicagoCHICAGO (AP) — Chicago Mayor Rahm Emanuel failed to capture a majority of the vote Tuesday in his bid for a second term, an embarrassment for the former White House chief of staff who now faces a runoff this spring against Cook County Commissioner Jesus “Chuy” Garcia. The result exposed possible vulnerability for an incumbent [...]
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Lawsuits: Millions Owed to Immigrant Taxpayers in N.M.  The key question regarding two lawsuits filed on behalf of immigrant taxpayers in New Mexico recently is whether workers who have paid what is required of them are owed millions of dollars because state officials have inappropriately withheld refunds.  The lawsuits say the cases involve thousands of immigrant taxpayers and that they’re owed more [...]
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Payday Lending? Actually, It’s a Trap Hurting People“Quick Cash for a New Year.” “Easy, instant holiday loan$.” Some neighborhoods got lights and wreaths over the holidays. My neighborhood was decorated with signs like these, in payday lending storefronts, promising a way out for the needy and the desperate. Now the holidays are over, and some people are discovering that those signs probably [...]
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‘Put Families First,’ Arkansas Residents Tell Lawmakers  The list of community concerns for Arkansas residents was very real on Tuesday: Better pre-K support, improving child welfare initiatives, stronger after-school programs, fewer prisons and tax relief for low-income individuals. In other words: Policies and programs to end poverty and build “safer, smarter and economically-viable communities.” Hundreds of residents arrived at the state [...]
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Chicago Youth to Question Candidates at Mayoral Forum  Young people in Chicago will have an opportunity on Wednesday to pose direct questions to and raise policy issues about education, racial inequity and criminal justice reform with the city’s mayoral candidates during a special town hall meeting.  The city’s mayoral race remains close with some polls showing that no candidate has yet reached [...]
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Albuquerque Uses Zoning to Thin a Glut of Payday Lenders  Albuquerque, New Mexico has just over half a million people and 116 payday lending storefronts.  A payday loan, which might also be called a “cash advance” or “check loan,” is a short-term, high-interest rate loan that is typically due on the borrower’s next payday. Last month, the Albuquerque City Council approved an ordinance that [...]
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Higher Taxes Should Help Working Families, Obama SaysWASHINGTON (AP) — President Barack Obama is sending Congress a $4 trillion budget Monday that seeks to raise taxes on wealthier Americans and corporations and use the extra income to lift the fortunes of families who have felt squeezed during tough economic times. He would also ease tight budget constraints imposed on the military and [...]
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Payday Loans Criticized at Grassroots Rallies in U.S.  Grassroots activists calling for stronger government limits on the payday loan industry took their message on Tuesday directly to the source: They protested in front of payday loan businesses at events in at least 10 states. Their “ask” was straightforward: The federal government needs to protect consumers from an industry in which critics say [...]
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