Elizabeth Warren, the Harvard professor appointed by Obama to get the new Consumer Financial Protection Bureau (CFPB) up and running, sat down with the LA Times earlier this week for a Q&A session.
If you missed it and still have lingering questions about what it is Warren and the CFPB will be focusing on in the coming months, I highly recommend checking out the full interview for all the details.
There’s never been a doubt in my mind that Mrs. Warren is one smart cookie. I was impressed the very first time I heard her speak about her vision for a new financial agency that would govern lenders by “setting up basic rules so that no one ever gets tricked or trapped again”. And while I still have my doubts about how effective the CFPB will become, I’ve always believed that a little more disclosure should only help improve the current state of our credit markets.
Let’s face it, credit cards and mortgages have become fairly complex products for many to understand and compare.
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0.26% 0.33% 0.43% Savings Accounts and Money Market Rates provided by 29 October 2010 Some younger members of Generation Y are just entering the workforce, but many Millennials – as the generation is also known – are already worried about the possibility that they’ll experience sudden income loss or be unable to provide for their family.Insurer MetLife polled 1,305 people late last year and found that a majority of Millennials are concerned about paying bills in the event that they’re out of work for several consecutive weeks. Full Post…
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Earlier this week, an anonymous student at Boston College wrote a letter to interim Dean George Brown of Boston COllege Law School to request his two and a half years of tuition back. He was facing financial difficulty (pregnant wife, weak job prospects, and an even weaker desire to be saddled with massive student loans) and so offered up a deal – return his two and a half years of tuition and he’ll leave without his degree. In fairness, the school does get to bolster its image because it wouldn’t have to report his unemployment upon graduation to magazine rankings.
I’d like to propose a solution to this problem: I am willing to leave law school, without a degree, at the end of this semester. In return, I would like a full refund of the tuition I’ve paid over the last two and a half years.
It’s hard to say how serious the letter is (it’s probably not) but it’s a clever idea, even if it’s just to get some publicity.
I can’t believe National Protect Your Identity Week is almost over. I mean, it’s almost like it didn’t even happen this year. Such a shame.
I did make a noble attempt to keep the holiday spirit alive by wishing some random people in the grocery store a “Merry Protect Your Identity Week” last night, but I wasn’t feeling the love. All I received in response were some awkward stares and a completely empty aisle to compare my cereal options in peace.
Come on people! Don’t you care about identity theft?
The good news is we’ve got some doozy holiday celebrations lined up over the next few months to make up for the lack of excitement that Protect Your Identity Week has brought us. Starting with Halloween, then my personal favorite, “gorge yourself with turkey and gravy” Thanksgiving, and of course the most popular of all— Christmas.
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