Prepaid cards are reloadable cards that can be used just like checking account-linked debit cards View full post on Consumer Protection Stories
A report by the Senate’s Permanent Subcommittee on Investigations outlines the findings of a two-year probe. Among the findings were that Goldman Sachs profited from the financial crisis by betting billions against the subprime mortgage market, then deceived investors and Congress about its conduct. Other culprits cited by the panel are Washington Mutual, the Office [...]
A new report suggests that a majority of students struggle to repay their loans. View full post on All Stories
Reforms are needed to protect consumers from being unfairly hounded by debt collectors View full post on Consumer Protection Stories
Tom Ramstack – AHN News Correspondent Washington, D.C., United States (AHN) – The Pentagon spent about $193 million over five years to expel 3,664 military personnel under the don’t ask, don’t tell policy, according to a new Government Accountability Office report. Congress repealed the policy that allowed the expulsions last month. The Pentagon is set [...]
Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – A report released Thursday by the Department for Work and Pensions found that about 1.5 million Britons abused the country’s welfare system the past decade by claiming welfare payments, but refusing work. According to the report, about 750,000 of them were given sanctions and [...]
Private equity firm Apollo Management <APOLO.UL> is buying a $2.8 billion portfolio of commercial real estate loans from Credit Suisse <CSGN.VX> for $1.2 billion, the Wall Street Journal reported on its website on Thursday. View full post on All Stories
Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – A report by two anti-poverty campaign groups released Sunday charged British High Street shops of exploiting their Asian workers by making the employees labor in sweatshop conditions. The groups named the retailers and brands as Marks & Spencer, Next, Monsoon, Debenhams, Dorothy Perkins and [...]
AHN News Staff Ottawa, Ontario, Canada (AHN) – A UNICEF report released Friday ranked Canada 17th among 24 members of the Organization for Economic Cooperation and Development in terms of overseeing the material well-being of the poorest children. However, Ottawa placed ninth in the area of health and third in education. The report titled “The [...]
Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – The Pentagon on Friday reacted to the reported leaks of the draft findings of a working group studying the impact of change of policy as the U.S. prepares to repeal the ban on gays and lesbians serving openly in the armed services. Defense [...]
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