State Sen. Rick Bennett of Oxford calls for limits on how much lenders can charge for short-term loans to hard-pressed Mainers.
personal finance
Posted inOp-eds, Opinion
The Maine Millennial: It’s not fancy coffee that’s holding millennials back
The first generation of Americans that will be less well off than their parents may have to delay gratification forever.
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Posted inMaine Voices, Op-eds, Opinion
Maine Voices: Asset building key to breaking cycle of poverty
Often-overlooked housing programs and models can help working poor Maine families build the equity they need to weather financial storms.
Posted inOp-eds, Opinion
Commentary: Cooperation offers hope, strength to Maine communities
Maine’s cooperatives, which connect people and communities to common interests, industries and goals, model a positive response to COVID’s impact.
Posted inOp-eds, Opinion
Commentary: How to be happy and stay safe, even during a pandemic
The instinct is to save money, but if you have it, we’d all be better off if you spent it.
Posted inEditorials, Opinion
Another View: Editorial misses mark – there is no ‘student loan crisis’
The current financial aid system works just fine. The problem is that families are not properly advised about borrowing.
Posted inBusiness, Nation & World
Many in U.S. setting aside more money amid downturn, poll finds
About two-thirds say they’re spending less than usual during the pandemic.
Posted inOp-eds, Opinion
Commentary: Federal regulators have abandoned consumers in favor of predatory lenders
The deadline is Sept. 3 to speak out against a proposal that would let payday lenders dodge interest-rate limits set by Maine and other states.
Posted inEditorials, Opinion
Another View: Congress has a chance to fix the student loan mess
A Republican proposal points the way to a simpler, fairer system.
Posted inEditorials, Opinion
Another View: Maybe the Supreme Court just saved consumer watchdog agency
Justices rejected critics’ only legal argument for shutting down the Consumer Financial Protection Bureau. It’s now free to fulfill its original mission.