These businesses target families with incomes below $35,000, and people of color are three times more likely to receive abusive loans than whites. People with blemished credit are often passed over when seeking jobs.
The highway funding bill before the House would require the IRS to outsource part of its tax enforcement to private debt collectors. This policy has failed before -- when it actually lost money for the government, according to the IRS -- and remains misguided.
Thanks to muscular promptings by NY State Attorney General, Eric Schneiderman, the three major U.S. credit reporting agencies announced changes in the way in which medical debt will be scored when they deliver an individual's credit report.
Whether we wake up in the mornings loving what we do or not, it is important to remember the people we come in contact with during our day-to-day activities are trying to make a living for themselves and their families as well.
This month, two different but powerful Wall Street bank lobbies launched self-serving attacks on the Consumer Financial Protections Bureau's most recent efforts to make banking markets more transparent. What do the banks have to hide?