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If Congress doesn’t compromise and pass another relief bill, a new study finds a staggering number of Americans will lose a critical financial lifeline as the pandemic worsens.
Federal unemployment money has been cut off for nearly two months. Congress hasn’t worked out a deal to send more help, and the fight over a Supreme Court nominee could make that harder.
The move could prevent millions of evictions that housing advocates warn are looming as people who have lost work run out of money. Landlord groups want to know who will pay for the lost rent.
Despite high unemployment, a severe recession and economic uncertainty, the housing market is on a tear. Sales are booming, and prices hit a record high. Low rates and remote work are driving factors.
A historic drop in rates has millions of homeowners refinancing to save money. It’s helping home sales, but it’s not helping the broader economy as much as it would in a normal recession.
About 3 million more guns than usual have been sold since the pandemic started. And nearly half of all the sales appear to be to those buying guns for the first time.
In places ranging from chicken processing plants to hair salons, workers say employers aren’t doing enough to protect them from getting sick. Advocates blame a lack of mandatory federal safety rules.
Hardship programs appear to be helping many people pause payments and survive the economic shutdown so far. But not everybody is getting the help, and advocates see big potential trouble ahead.
Homeowners say that to catch up on payments, lenders demand big balloon payments they can’t afford. Advocates want Congress to mandate that missed payments simply be added to the end of the loan term.
The government ordered lenders to let homeowners skip payments if they lost income due to the coronavirus. But landlords can require renters to pay even if they’ve lost their job. And many are.
A nonprofit student loan group alleges that the Consumer Financial Protection Bureau has abandoned its duty to police widespread mismanagement of a loan forgiveness program for public service workers.
Former Rep. Mick Mulvaney accepted campaign money from payday lenders. Now he’s in control of the Consumer Financial Protection Bureau, and the agency has delayed implementing payday lending rules.