Personal finance

Senator Kirsten Gillibrand, D-N.Y., is proposing legislation aimed at putting an end to current payday lending practices by giving some banking services a new home: the U.S. Post Office. The legislation, called the Postal Banking Act, would make retail banking services available at all U.S. Postal Service locations. That amounts to 30,000 post offices nationwide.
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The revelation may bring new scrutiny to LendEDU, which started in 2014 and describes itself as a marketplace for private student loans, student loan refinancing, credit cards and other financial products. LendEDU’s reports have also been featured in many publications, including CNBC, The Wall Street Journal and Bloomberg. LendEDU ran advertisements on Student Loan Report’s
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Others feel the trade-off is worth it. This voluntary paid leave system would deliver an important benefit to parents without disrupting businesses or burdening taxpayers, said Carrie Lukas, president of the Independent Women’s Forum. “This approach is about reforming our entitlement system to make it more flexible and modern and responsive to the needs of
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However, he points out that the SEC’s proposals do not create a uniform standard that both brokers and investment advisors would have to adhere to. Instead, it would add requirements to the suitability standard that fall short of the fiduciary mandate imposed on investment advisors. Broadly, these are the SEC’s proposals: 1. “Regulation Best Interest”
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