November 17, 2011

The nation’s new federal consumer watchdog agency is setting its sights on the massive private student loan industry. The Consumer Financial Protection Bureau says too little is known about the private student loan business dominated by major banks like Chase and Wells Fargo and non-bank Sallie Mae. America’s outstanding student loan bill is said to total $1 trillion. Source Link

As Americans begin holiday shopping online, Congress is taking another look at whether such purchases should remain free from sales tax. Wal-Mart, Best Buy, Home Depot, and other brick-and-mortar stores are backing a measure to require online retailers like Amazon.Com and out-of-state web sellers to collect sales tax. Current law does not require it unless the company has a physical presence in the state where the buyer lives. Source Link

Listen to this -- a new study says one in five Americans over the age of 12 has some hearing loss, and 12-percent have hearing problems in both ears. The survey shows that women and blacks are less likely to have hearing problems. Researchers think there could be a connection between estrogen and melanin pigment in darker skin that protects the inner ear. Source Link