Business

Feds Propose To End Payday Debt Traps

 The Consumer Financial Protection Bureau (CFPB) today proposed a rule aimed at ending payday debt traps by requiring lenders to take steps to make sure consumers have the ability to repay their loans. The proposed rule would also cut off repeated debit attempts that rack up fees. These strong proposed protections would cover payday...

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Ct Lawmakers Press For Thorough Review Of Two Health Insurance Mergers

May 25, 2016
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Ct Lawmakers Press For Thorough Review Of Two Health Insurance Mergers

By Patricia Daddona Seventeen lawmakers are asking the state’s insurance commissioner for a fair and thorough review of two pending colossal health insurance mergers and a study on how they could affect Connecticut jobs. “The proposed Anthem–Cigna and Aetna–Humana mergers are likely to have a negative impact on both the cost and quality of...

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Nearly One-Fifth of Millennials’ Salaries Spent on Student Loan Repayments

April 18, 2016
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By LowCards.com College graduates with student loans spend nearly one-fifth (18%) of their salaries on student loan payments, according to new research from Citizens Bank. 60% of these graduates, aged 35 and under, expect to be paying student loans into their 40s. Even though they’re struggling with this debt, only half of the respondents have looked into...

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Low-Income Diabetics Paying High Price For Insulin

April 11, 2016
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Low-Income Diabetics Paying High Price For Insulin

By Gary Stoller The high cost of insulin, which has risen by triple-digit percentages in the last five years, is endangering the lives of many diabetics who can’t afford the price tag, say Connecticut physicians who treat diabetics. The doctors say that the out-of-pocket costs for insulin, ranging from $25 to upwards of $600...

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