Annual Report of the CFPB Student Loan Ombudsman, October 16, 2012: “The Dodd-Frank Wall Street Reform and Consumer Protection Act established an ombudsman within the Consumer Financial Protection Bureau. Pursuant to the Act, the ombudsman shall prepare an annual report and make appropriate recommendations to the Secretary of the Treasury, the Director of the Consumer Financial Protection Bureau, the Secretary of Education, and Congress. This report is the first annual report meeting the requirement set forth in the Act…Outstanding student loan debt is now over $1 trillion, with private student loans accounting for more than $150 billion. There are at least $8 billion of private student loans in default, representing more than 850,000 individual loans. Private student loans are issued by banks and credit unions, state-affiliated and non-profit agencies, schools, and other financial companies. Like in the mortgage market, creditors often employ third party servicers to collect payments from private student loan borrowers. Many of these servicers are also active in the federal student loan market.”
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Daily Archives: October 16, 2012
Report – Can Consumers Avoid Checking Fees?
“The purpose of this Consumer Federation of America (CFA) project is to determine the cost of typical checking accounts at the largest banks for consumers who are unable to meet the rising thresholds to waive bank fees and to demonstrate the impact of just a few mistakes on the annual cost of bank accounts. Consumer… Continue Reading
Report – Examining Changes to Income-Based Repayment for Federal Student Loans
Policy Paper – Safety Net or Windfall? Examining Changes to Income-Based Repayment for Federal Student Loans, by Jason Delisle, Alex Holt, New America Foundation, October 16, 2012 “The U.S. Department of Education plans to finalize changes to IBR lowering student loan payments from 15 to 10 percent of a borrowers discretionary income and accelerating… Continue Reading
FTC Issues FY 2012 National Do Not Call Registry Data Book
News release: “The Federal Trade Commission today issued the National Do Not Call Registry Data Book for Fiscal Year 2012. The FTCs National Do Not Call Registry lets consumers choose not to receive telemarketing calls. In its fourth year of publication, the Data Book contains a wealth of information about the Registry for FY 2012… Continue Reading
New GAO Report – Rural Water Infrastructure
Rural Water Infrastructure – Additional Coordination Can Help Avoid Potentially Duplicative Application Requirements, GAO-13-111, Oct 16, 2012 “Many rural communities with populations of 10,000 or less face challenges in financing the costs of replacing or upgrading aging and obsolete drinking water and wastewater infrastructure. EPA and USDA oversee the three largest federally funded drinking water… Continue Reading
Quarterly Income and Earnings Estimates, 2008 SIPP Panel – 2010 Annual Income and Earnings Estimates
Census: “This set of tables gives annual 2010 income and earnings estimates at the national level broken down by selected demographic characteristics. This is the second release of annual income and earnings from the 2008 Survey of Income and Program Participation (SIPP). Income and earnings estimates are provided by gender, age, marital status, race and… Continue Reading
Report – Global Wealth 2012: The Year in Review
Global Wealth 2012: The Year in Review. Michael O’Sullivan, Credit Suisse Research Institute, Richard Kersley, Investment Banking Securities, October 10, 2012: “The Credit Suisse Global Wealth Report aims to provide the most reliable and comprehensive data on global household wealth, covering all components of wealth and spanning the entire wealth spectrum. Subdued economic growth and… Continue Reading
GPO – Treasury Reporting Rates of Exchange 1956-2005
Pilot Project in Partnership with the U.S. Department of Treasury – Treasury Reporting Rates of Exchange 1956-2005 Continue Reading
Study Finds Premium Support Plan Could Raise Medicare Premiums In Many Parts of Country
Transforming Medicare into a Premium Support System: Implications for Beneficiary Premiums, Kaiser Foundation, October 15, 2012 “This paper aims to help inform policy discussions by examining the potential implications of a leading premium support approach on Medicare premiums, the extent to which Medicare premiums would vary by state and by county, and the key factors… Continue Reading
National Academies Report – Deterrence and the Death Penalty
“Many studies during the past few decades have sought to determine whether the death penalty has any deterrent effect on homicide rates. Researchers have reached widely varying, even contradictory, conclusions. Some studies have concluded that the threat of capital punishment deters murders, saving large numbers of lives; other studies have concluded that executions actually increase… Continue Reading
National Academies Press – Accelerating Progress in Obesity Prevention
“One-third of adults are now obese, and children’s obesity rates have climbed from 5 to 17 percent in the past 30 years. The causes of the nation’s obesity epidemic are multi-factorial, having much more to do with the absence of sidewalks and the limited availability of healthy and affordable foods than a lack of personal… Continue Reading
