Chris Arnold
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Forgiving Student Debt Would Boost Economy, Economists Say

Forgiving Student Debt Would Boost Economy, Economists Say

Presidential hopefuls Elizabeth Warren and Bernie Sanders want to tear up your student loans and set you financially free. That's popular among voters – especially those struggling to pay off this debt. Other Democratic candidates have more modest plans. But economists say the dramatic proposals from Sanders and Warren to free millions of Americans from the burden of student debt could boost the economy in significant ways and help combat income inequality. Warren would forgive up to $50,000 for most people. Sanders would go further with total loan forgiveness. But with these plans having...

February 2, 2020
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Texas Courts Open Eviction Floodgates: 'We Just Stepped Off A Cliff'

Texas Courts Open Eviction Floodgates: 'We Just Stepped Off A Cliff'

Texas Courts Open Eviction Floodgates: 'We Just Stepped Off A Cliff' Judges in Texas are being told it's not their job to enforce a CDC order aimed at stopping evictions. Housing groups fear that a wave of unnecessary evictions will leave thousands homeless.Toggle more optionsHeard onToggle more optionsThe Texas state court system is signaling that it will no longer enforce a federal order aimed at stopping evictions during the coronavirus pandemic. That could clear the way for landlords to push ahead with tens of thousands of eviction cases that have been on hold. The timing could be...

Apr 7
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Evicted And Homeless Due To Pandemic — 'I Literally Had To Sleep In My Car'

Evicted And Homeless Due To Pandemic — 'I Literally Had To Sleep In My Car'

Evicted And Homeless Due To Pandemic — 'I Literally Had To Sleep In My Car' Getting evicted during COVID can risk a person's health and doom their ability to find a home. The extension this week of a federal order preventing evictions could save many people from that fate.Toggle more optionsHeard onToggle more optionsGetting evicted can hurt you in a bunch of different ways. You don't have to tell that to 57-year-old Gregory Curry in Dothan, Ala. "I'll be honest with you, I was petrified by this situation," Curry says. "What I've had to go through over this last year." Curry fell behind on...

Mar 30
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CDC Likely To Extend Eviction Moratorium With Millions Of People Behind On Rent

CDC Likely To Extend Eviction Moratorium With Millions Of People Behind On Rent

CDC Likely To Extend Eviction Moratorium With Millions Of People Behind On Rent The Center for Disease Control and Prevention is moving to extend an order aimed at preventing evictions during the pandemic. Housing groups say the order could prevent up to 1 million evictions.The Centers for Disease Control and Prevention has taken a key step toward extending an order aimed at preventing evictions during the ongoing COVID-19 outbreak. The CDC order is currently set to expire in less than 2 weeks. Housing advocates have warned for months that allowing this protection for renters to lapse would...

Mar 19
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Wells Fargo Site Crashes As Customers Try To See If They've Received Stimulus Payments

Wells Fargo Site Crashes As Customers Try To See If They've Received Stimulus Payments

Wells Fargo Site Crashes As Customers Look For Stimulus Checks The bank blamed "high volumes" for the outage on its online banking site, but said the issue does not affect the actual deposits of the stimulus checks.Wells Fargo customers trying Wednesday to find out if their stimulus payments had arrived instead found their mobile app not working and online accounts not accessible. The bank said the outage is due to high volumes and won't affect the electronic deposit of the stimulus money. "We apologize to our customers who may be experiencing issues with our online banking this morning,"...

Mar 17
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Landlords Struggling To Stay Afloat See Lifeline In COVID-19 Relief For Renters

Landlords Struggling To Stay Afloat See Lifeline In COVID-19 Relief For Renters

Landlords Seek Rental Assistance As Eviction Wave Looms With CDC Order Expiring The latest COVID-19 relief bill passed by Congress has upward of $27 billion for rental assistance to prevent evictions. With so many renters not paying, many landlords are struggling.Toggle more optionsHeard onToggle more optionsNearly 10 million Americans are behind on their rent payments, according to the U.S. Census Bureau. And Stephanie Graves is seeing that play out first hand. She's a landlord in the Houston area and says tenants in most of her buildings are struggling. "I have a small property in town,"...

Mar 17
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Biden's Financial Watchdogs Would Be Tougher Cops On The Beat

Biden's Financial Watchdogs Would Be Tougher Cops On The Beat

Biden's pick to head consumer bureau pledges to help struggling borrowers. Biden's picks to run the Consumer Financial Protection Bureau and Securities and Exchange Commission signaled in a Senate hearing they'd be tougher cops on the beat than their Trump era predecessorsToggle more optionsToggle more optionsThe Trump administration was all about loosening rules for businesses. But Gary Gensler, President Biden's nominee to head the Securities and Exchange Commission, has a very different mantra. "When there are clear rules of the road and a cop on the beat to enforce them—our economy...

Mar 2
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The Supreme Court Will Allow Evictions To Resume. It Could Affect Millions Of Tenants

The Supreme Court Will Allow Evictions To Resume. It Could Affect Millions Of Tenants

The Supreme Court Will Allow Evictions To Resume The court's six conservative justices said the CDC exceeded its authority by issuing the two-month pause on evictions in much of the country.Heard onToggle more optionsThe U.S. Supreme Court has blocked the Biden administration's to a large swath of the country, in a decision expected by both legal scholars and the White House. The ban on evictions, a two-month order, was . The pause covers parts of the United States that are experiencing what the CDC calls "substantial" and "high" spread of the coronavirus. The from the court was 6-3, with...

Aug 31
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Trump Regulator's Rule Would Force Banks To Lend To Gun-Makers And Oil Drillers

Trump Regulator's Rule Would Force Banks To Lend To Gun-Makers And Oil Drillers

OCC Rule Would Force Banks To Lend To Firearms Companies And Payday Lenders The Trump administration is trying to force banks to make loans to gun-makers and to finance payday lenders. Critics call the move bizarre. It's opposed by watchdog groups and banks.Toggle more optionsHeard onToggle more optionsThe Trump administration is trying to push through a last-minute rule that could force banks to offer loans to gun-makers and oil exploration companies or to finance high-cost payday lenders. The move follows announcements by the biggest U.S. banks that there are some industries and...

Jan 11
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More Americans Pay Rent On Credit Cards As Lawmakers Fail To Pass Relief Bill

More Americans Pay Rent On Credit Cards As Lawmakers Fail To Pass Relief Bill

More Americans Pay Rent On Credit Cards As Lawmakers Fail To Pass Relief Bill Many Americans who've lost income in the pandemic are falling deeper into debt — forced to pay bills or even their rent on credit cards. It's a sign of trouble ahead for the economy.Toggle more optionsHeard onToggle more optionsWith their savings running out, many Americans are being forced to use credit cards to pay for bills they can't afford — even their rent. Housing experts and economists say this is a blinking-red warning light that without from Congress, the economy is headed for even more serious trouble....

Nov 30
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