Students at colleges compensated by banks face dubious debit card fees Attending college can be one of the most expensive endeavors Americans face. According to U.S. PIRG Education Fund’s new report, Debit Cards on Campus: Putting Student Financial Well-Being At Risk, many banks are adding to that expense by partnering with schools to offer and … Continue reading
WASHINGTON (AP) — The Latest on the Republican plan to overhaul the tax code (all times local): 8:20 p.m. President Donald Trump and congressional Republicans have unveiled the first major revamp of the nation’s tax code in a generation. The sweeping, nearly $6 trillion tax cut would deeply reduce levies for corporations, simplify everyone’s brackets … Continue reading
LYNCHBURG, Va. (AP) — A federal judge has decided not reconsider a class-action lawsuit filed against the commissioner of Virginia’s Department of Motor Vehicles. The Daily Progress reports (http://bit.ly/2skpbzN ) Judge Norman Moon is standing by his decision to dismiss the case from federal court saying in a May 22 ruling that the issues were … Continue reading
WASHINGTON (AP) — The federal government is expected to forgive at least $108 billion in student loan debt as part of popular plans that tie repayment to borrowers’ earnings, congressional investigators said Wednesday. The Government Accountability Office reviewed income-driven repayment plans the government offers to students struggling to pay back federal student loans. The report, … Continue reading
WASHINGTON (AP) — The Education Department is pursuing debt collection — rather than debt relief — for nearly 80,000 former students of Corinthian Colleges, despite federal and state findings that the now-defunct for-profit chain defrauded students, Sen. Elizabeth Warren said in a blistering critique of the administration’s actions. The Massachusetts Democrat reported the findings of … Continue reading
WASHINGTON (AP) — Puerto Rico can’t use a local law to restructure the debt of its financially ailing public utilities as it tries to overcome a decade-long economic crisis, the Supreme Court ruled Monday. The 5-2 ruling said that federal bankruptcy law bars Puerto Rico from enacting its own law to restructure about $20 billion … Continue reading
NORFOLK, Va. (AP) — Two major arts organizations owe Norfolk for unpaid rent and event fees. The Virginian-Pilot reports (http://bit.ly/1RURfn4 ) the city says the Virginia Opera owes about $215,000 and the Virginia Symphony Orchestra’s debt is around $162,000. The opera rents the Harrison Opera House, and the symphony pays to use the Chrysler Hall … Continue reading
An editorial by Allen W. Smith, Ph.D. There is more confusion about Social Security today than ever before. We hear contradictory claims from individuals, organizations and government, and nobody knows who to believe. There is no reason for people to be so confused. Top government officials could explain the current condition of Social Security and … Continue reading
SAN JUAN, Puerto Rico (AP) — Puerto Rico narrowly avoided a multimillion-dollar default on Tuesday by announcing a last-minute bond payment while warning that a deepening financial crisis has forced the government to divert money slated for future debt payments to avoid a shutdown of basic services. The announcement by Puerto Rico’s Government Development Bank … Continue reading
SAN JUAN, Puerto Rico (AP) — Puerto Rico narrowly avoided a multimillion-dollar default on Tuesday by announcing a last-minute bond payment while warning that a deepening financial crisis has forced the government to divert money slated for future debt payments to avoid a shutdown of basic services. The announcement by Puerto Rico’s Government Development Bank … Continue reading
The Thurgood Marshall College Fund has set aside $500,000 for the Class of 2015 to help graduate any senior who has a remaining balance that will prevent him/her from graduating this fall semester. To be eligible, applicants must: · Be a graduating college Senior · Attend one of the TMCF’s 47 member-schools, such as Norfolk State University … Continue reading
WASHINGTON (AP) — The budget deal between congressional leaders and President Barack Obama, aimed at heading off a government shutdown and debt crisis, faces its first hurdle Tuesday when it goes before restive House Republicans, including rebellious arch-conservatives. The two-year pact, which would take those volatile fiscal issues off the table until after the 2016 … Continue reading
BUENOS AIRES, Argentina (AP) — Like a dark cloud, the bitter fight between Argentina and a group of holdout creditors in the U.S. has hung over South America’s second largest economy for years, preventing the country from accessing international credit markets. The dispute pits creditors led by U.S. billionaire Paul Singer against Argentine President Cristina … Continue reading
WASHINGTON (AP) — The Treasury Department on Thursday told Congress that it needs to act by Nov. 3 or the government will be dangerously close to being unable to pay all its bills. That’s a little sooner than Treasury Secretary Jacob Lew said two weeks ago when he set a Nov. 5 deadline. At the … Continue reading
BRUSSELS (AP) — Greece has finally offered economic reforms that creditors consider potentially acceptable, giving Prime Minister Alexis Tsipras a couple days to turn a spirit of goodwill into a deal that might keep the country from a painful exit from the euro currency. Even though a firm deal to get Greece more loans remained … Continue reading
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