by: Claire Going (Gillian Jones/The Berkshire Eagle via AP, File) SAVANNAH, Ga. (WSAV)—Millions of student loan borrowers have just one month left to figure out how they’re going to resume monthly payments on their student loans while the coronavirus … Continue reading →
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In the interest of full disclosure, OMAAT earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers (terms apply) that we have found for each product or service. Opinions … Continue reading →
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Federal Reserve Chairman Jerome Powell testifies on Capitol Hill, Dec. 1. Photo: Susan Walsh – Pool Via Cnp/Zuma Press Dear Jerome Powell: End quantitative easing now. The Japanese tried QE in 2001, buying government debt, mortgage securities and even stocks. … Continue reading →
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WASHINGTON, DC – The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) today announced a new initiative designed to better collect citation penalties. OSHA is implementing a series of three penalty payment letters to be sent seven, 30 and … Continue reading →
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The Securities and Exchange Commission (SEC) has stripped Super Cash Lending Corp. off the authority to operate as a lending company, citing its abusive and predatory debt collection practices. Based on an order dated Nov. 11, the SEC corporate governance … Continue reading →
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We’ve said it before in this space, and we’ll keep saying it: stability in financial apps is a good sign, reflecting the reliability that our hypercomplex global financial ecosystem runs on. Happy news, then, that this latest edition of PYMNTS … Continue reading →
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Digital financing company SoFi recently announced its plans to release a credit card that rewards users by paying off their debts. In a press release published on its website, the SoFi Credit Card will be compatible with Student Loans and … Continue reading →
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Recently, the Consumer Financial Protection Bureau filed an Amicus Curiae brief in the United States Court of Appeals for the Third Circuit addressing whether a debt collector violates the Fair Debt Collection Practices Act by accurately stating that it is … Continue reading →
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For Immediate Release ACA International Communications Department [email protected] Minneapolis, Minnesota – October 30, 2020 – Today, the Consumer Financial Protection Bureau (CFPB) released its long-awaited final rule on debt collections. The release of this rule is the biggest development in the … Continue reading →
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By Reuters Staff 3 Min Read WASHINGTON (Reuters) – The United States may still face a wave of debt defaults and “significant declines” in asset prices because of the coronavirus pandemic and recession, the Federal Reserve warned on Monday, in … Continue reading →
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