WASHINGTON (Reuters) - The nation’s major credit reporting agencies faced renewed scrutiny from Congress on Tuesday, as lawmakers consider legislation overhauling the industry. FILE PHOTO: The U.S. Capitol is shown after the U.S. government reopened with about 800,000 federal workers returning after a 35-day shutdown in Washington, U.S., January 28, 2019. REUTERS/Joshua Roberts/File Photo Top executives from the three major credit reporting agencies - Equifax Inc, Experian Plc and TransUnion had to defend their business models before skeptical lawmakers who appeared eager to order changes to the sector following Expedia’s massive data breach, disclosed in 2017. “Our nation’s consumer credit reporting system is broken,” said Representative Maxine Waters, chairwoman of the House Financial Services Committee. “I’m troubled to the point where I do think that we need to start thinking about how we reimagine it and rebuild it from the … [Read more...] about Credit reporting agencies face pressure from skeptical U.S. Congress
How do credit reports work
For most U.S. voters, living or working far from home isn't a barrier to voting on election day. That's what absentee ballots are for. But what if you work someplace really far away, like say... outer space?American astronauts get to vote just like everyone else. They just have to get that process started a whole lot earlier. It's all thanks to a Texas law passed in 1997, as NASA discusses in a helpful Tumblr post. (The law originates in Texas because the majority of astronauts live there, near Johnson Space Center in Houston.)The coolest fact here: NASA calls voting from space... "space voting." (Let's be real, everything is inherently more awesome when you put "space" in front of it.)SEE ALSO: Candidate's 5-year-old son captures every voter's heart by lying down on the tarmacThe space voting process starts a full year before election day, with each astronaut selecting which local, state, and federal election in which she or he wants to cast a vote. Then, six months out, each … [Read more...] about How do astronauts cast their votes while in space?
It is often difficult for internationals to navigate the Swedish housing market, with no network in Sweden and without having spent years in the housing queue. What does your party want to do to fix the housing crisis? Click here to read more questions and answers that matter to YOU. The Social Democrat Party "The Social Democrat-led government has taken housing policies very seriously in its first term of office. We have implemented several reforms aimed at increasing construction. Among other things: support for building rental homes (hyresrätter), building bonuses for municipalities that take responsibility for the housing stock, and incentives for refurbishment and renovation." "We have also implemented simplified regulations, which makes it easier to build, and we want a standardization of serial construction. This has led to a record pace of construction which our country has not had in the past 25 years. But that is not enough, the need for housing increases further … [Read more...] about Election Q&A: How do you want to fix Sweden’s housing crisis?
Universal Credit is allowing abusers to take control of family finances, an investigation by a parliamentary committee has found. The new system of welfare payments set up by the Conservative government as part of its reforms to the safety net is paid to one person per household.The Commons work and pensions committee found examples of men being paid a month's welfare income and spending much of it before their partners could get their hands on it.Committee chairman Frank Field said: "This is not the 1950s. Men and women work independently, pay taxes as individuals, and should each have an independent income."Not only does UC's single household payment bear no relation to the world of work, it is out of step with modern life and turns back the clock on decades of hard-won equality for women."The government must acknowledge the increased risk of harm to claimants living with domestic abuse it creates by breaching that basic principle, and take the necessary steps to reduce … [Read more...] about How Universal Credit is handing power to abusers
The city of Danville, Virginia sits in the bellybutton of the Blue Ridge Mountains, a hat-toss over the North Carolina border and about 85 miles northwest of Raleigh. It’s low hill country and Danville straddles the frothy, chocolate-milk waters of the Dan River. Downtown, once a booming trade district, today is a decomposed industrial husk, a tidy cluster of silent rectangles ensnared by broad, ghostly thoroughfares built for a time in the not-so-distant past when people and goods poured in and out of town. Those days are gone, perhaps never to return.The story of Danville is one echoed in countless communities across the country, a gutted middle class left for dead in the wake of sweeping international trade deals in Washington, applauded by liberal economists and a lockstep media portraying such policies as inevitable, ultimately good, and a win for the American consumer–a narrative usually coupled with condescending and disdainful attitudes toward displaced workers for … [Read more...] about Chadwick Moore — Left for Dead in Danville: How Globalism Is Killing Working Class America