Feds Probe Prison Banker As NYC Leaders Try To Cap Its High Fees
The government’s consumer finance watchdog has subpoenaed prison banker JPay Inc., which charges steep fees to transfer money from inmates’ families into their prison accounts. New York City’s public advocate wants to cap those fees, which burden poor families seeking to buy toiletries and other basic needs for locked-up relatives.
Lawsuit Highlights Hidden Costs For Students In Outsourcing Financial Aid Payments
Did Sallie Mae, the student loan giant, sell out its financial aid disbursement customers? A recent lawsuit by former partner Green Dot suggests that Sallie Mae's sale of its Campus Solutions division to Higher One did just that.
Mitt Romney: "We Raised Fees $240 Million"
Presumptive Republican Mitt Romney has long campaigned on not having raised taxes, while critics point to his record overseeing millions of dollars in fee increases. Here's Romney correcting John McCain on his fee record in 2008 saying "we raised $240 million dollars."