Herb Weisbaum, NBR, CNBC.com’s Posts

The U.S. Department of Education plans to regulate the growing use of debit cards by the nation’s colleges and universities. These campus debit cards—often with a variety of steep fees—are typically linked to a bank account where the student’s federal financial aid is automatically deposited. At some schools, they are now part of the student …

Millions of Americans are struggling to pay back their student loans. They’re understandably anxious and stressed. All too often, their situation is made worse, they say, by the companies that service their loans. These servicing companies manage the accounts and process the monthly payments for the lender. At a public hearing in Milwaukee on Thursday, …

For some criminals, every day is April Fools’ Day. Their cons are based on pretending to be someone else. And they’re pretty good at it. They’re able to convince people that they really are an IRS agent, police officer, legitimate debt collector or member of the Microsoft tech team. “Financial fraud crimes are on the rise …

More Americans are struggling to make their car payments on time. The numbers, while still low, are definitely on the rise. According to the latest State of the Automotive Finance Market report from Experian Automotive: 60-day loan delinquencies in the second quarter of 2014 increased by 7 percent (from 0.58 to 0.62 percent) from the …

When it comes to making their customers happy, the world’s automakers have hit a bit of a rough patch. For the second-straight year, satisfaction with the auto industry is down, according to a American Customer Satisfaction Index report released Tuesday. The ACSI score for cars and light trucks is now 82 out of 100, a …

A pension, for those lucky enough to have one, offers a guaranteed check every month for the rest of your life upon retirement. But a number of companies are now offering an alternative—a pension advance, typically made in one lump sum payment. Their pitch, aimed at military and government retirees with generous pension benefits and …

You do everything else with your smartphone—why not use it to deposit checks? Just snap a picture and send. What could be more convenient? Using a mobile banking app will eliminate a trip to the branch or ATM, but it could dramatically slow down the process. At some financial institutions, mobile deposit can delay access …

Technology is exploding. It’s clear that robots and other smart machines will continue to become more prominent in our lives in the years ahead—both at home and at work. But will the growth of bots mean more or fewer jobs for human workers? The top minds in the country are evenly split on that question, …

Millions of Americans are struggling to pay off their student loans and desperate to find a way to lower those monthly payments. Scammers know this, so they’ve created phony student loan “debt relief” companies that promise to help—for a price. Law enforcement has taken notice of this relatively new industry. Illinois Attorney General Lisa Madigan …

You want to support the U.S. economy, so you look for a “Made in the USA” label when you go shopping. Yet, federal regulators say some of those labels were deceptively used to boost business. A Federal Trade Commission (FTC), complaint said labels issued by an Ohio company, Made in the USA Brand, LLC, had “significant imported content.” …

The phone rings and when you look at the caller ID you see something very strange—it’s showing your telephone number. How could that be? Chances are your phone number is being “spoofed” by a scammer. “This is just the latest tactic being used by illegal telemarketers,” said Robert Siciliano, fraud expert with BestIDTheftCompanys.com. “They hope that …

More Americans are fueling up at supermarkets and warehouse clubs instead of traditional service stations because of the competitive prices and loyalty-based discounts, according to a new survey. The report, conducted by Market Force Information, concludes that it’s simply a matter of convenience, price—and cleanliness. “None of us look forward to going to a gas station, …

We’re eating out more and getting a little more particular about where we go for those meals. Quality is becoming more important than price, according to the American Customer Service Index released on Tuesday. ACSI analysts believe both of these trends are the result of improving economic conditions. “In a weaker economy, consumers respond to …

When it comes to vacation nightmares, renting a home or apartment from a scammer has to be near the top of the list. And unfortunately, there are plenty of victims who can attest to that. “This is an epidemic problem, and it’s destroying people’s vacations,” said David Quinlan with the Better Business Bureau of Alaska, Oregon …

Medical bills are different—they can cause serious and long-term financial problems. If you make a credit card purchase, you know how much you’ve spent and what the interest rate will be if you don’t pay the balance in full. Get sick and end up in the hospital, and you won’t find out the cost until …