The latest on Social Security scammers, pricey pre-wedding festivities, and texts from debt collectors
Here are some favorite personal finance reads from around the web this week.
—The New York Times
Scammers who pose as government representatives trying to extract money or personal information have been claiming to be from the Social Security Administration more often in recent years. Victims have filed more than 76,000 reports about the Social Security impostors, collectively losing $19 million.
—NBC News Better
According to a recent Credit Karma survey, nearly a quarter of people are going into debt to attend a bachelor or bachelorette party. For these pre-wedding festivities, guests are spending an average of $537.
Trump administration wants to allow debt collectors to call 7 times a week and text, email as much as they want
—The Washington Post
The Consumer Financial Protection Bureau released new rules that allow debt collectors to call delinquent consumers seven times a week and send them an unlimited number of texts and emails. The rules were ostensibly updated to address digital communications from debt collectors since the Fair Debt Collection Practices Act was written 40 years ago.
Under the TEACH grant program, teachers who agreed to work in low-income schools received grants to help pay their college tuition. After an NPR report discovered that those grants were often unfairly turned to loans, the Education Department reversed course and began giving those grants back.
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