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Category: Announcements

Why You Should Check Your Credit Regularly During the Coronavirus Pandemic

Why You Should Check Your Credit Regularly During the Coronavirus Pandemic

If the coronavirus (COVID-19) outbreak has hurt you financially, working out a deal with a creditor or lender to skip payments or pay less than the required minimum amount could impact your credit even though, in most cases, it shouldn’t. So, you need to be proactive in reviewing and protecting your credit during this national emergency. Credit Protections Under the CARES Act Under the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, if you make an agreement with a…

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Landmark Supreme Court Ruling: Employers Can’t Discriminate Based on Sexual Orientation or Gender Identity

Landmark Supreme Court Ruling: Employers Can’t Discriminate Based on Sexual Orientation or Gender Identity

In an historic decision for LGBT rights, the U.S. Supreme Court has held by a 6-3 margin that workplace discrimination based on sexual orientation or transgender status violates Title VII of the Civil Rights Act of 1964, which prohibits discrimination on the basis of sex. The case, Bostock v. Clayton County, Georgia (No. 17–1618), involved three individuals who alleged they were fired from their jobs because they were gay or transgender. In his majority opinion, Justice Neal Gorsuch wrote: An…

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The Call to Defund the Police: What Does It Mean?

The Call to Defund the Police: What Does It Mean?

The death of George Floyd, a black gentleman killed by a white Minneapolis police officer, sparked frustration and outrage in communities all over the world. Protestors, communities, and families are demanding an end to brutality, misconduct, and racial profiling by the police. In the past, police reform efforts included implicit bias and de-escalation training for officers, mandatory body cameras, increased community outreach, and new use-of-force policies. But, for many, these efforts have failed—completely. And now people are demanding more than…

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Student Loan Forbearance During Coronavirus Might Prevent You From Getting a New Mortgage or Refinance Loan

Student Loan Forbearance During Coronavirus Might Prevent You From Getting a New Mortgage or Refinance Loan

The federal Coronavirus Aid, Relief, and Economic Security (CARES) Act puts an automatic suspension on payments for eligible federal student loans for six months, from March 13, 2020, until September 30, 2020. For many people, getting a break from payments during this national emergency is a lifesaver. But for others, having a loan in forbearance can hurt or ruin their chances of qualifying for a new mortgage or refinance loan. Here’s why: Mortgage lenders usually use your actual monthly student…

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Trump Veto Makes Getting a Student Loan Discharge More Difficult

Trump Veto Makes Getting a Student Loan Discharge More Difficult

Under an Obama-era rule, known as the “borrower defense to repayment” rule, if your school fraudulently convinced you to enroll or remain enrolled, you can get a discharge of your federal student loans relatively easily. Education Secretary Betsy DeVos has long argued that the Obama rule makes it too easy for borrowers to get student loan forgiveness, and that a new rule is necessary to save taxpayers billions of dollars. So, last year, DeVos declared that for loans first disbursed…

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