How banks profit from overdraft fees, reining in data-driven video game design, and the mortgage forbearance policy under the CARES Act.
| Low to moderate-income families are losing ground: How to save their homeownership dreams The mortgage forbearance protection policy under the CARES Act has been a crucial lifeline for struggling borrowers during the pandemic. With the policy set to expire on June 30, Makada Henry-Nickie, Tim Lucas, Radha Seshagiri, and Samantha Elizondo say that the looming forbearance cliff threatens to expose millions of unemployed and underemployed homeowners to foreclosure, bankruptcy, or pressure to sell prematurely. Read more |
| A guide to reining in data-driven video game design From mobile games like Candy Crush to big-budget blockbusters like Call of Duty, video games have become huge depositories for user data. Joshua Foust and Joseph Jerome examine the issue of data privacy in gaming and explain why it is vital for the industry’s health to develop responsible collection practices. Read more |
| Overdraft fees are big money for small banks “It’s time for banks to stop assessing overdraft fees in a predatory manner, and it’s time for regulators to step up and make sure that happens. It’s no longer acceptable to permit some banks and credit unions to feed from the bottom with business models dependent on profiting from fees charged only to vulnerable Americans,” writes Aaron Klein in his recent op-ed. Read in Politico |
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