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CFPB Extends Temporary HMDA Relief For Small Institutions

October 28, 2019CreditBy toptierfinancial

In an expected win for small community banks and credit unions, the Consumer Financial Protection Bureau is giving financial institutions that originate few mortgages an additional reprieve from the Home Mortgage Disclosure Act. Institutions that offer fewer than 500 open-end … Continue reading →

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Credit Card Delinquencies In U.S. On Rise For Smaller Issuers

October 28, 2019CreditBy toptierfinancial

View photos   (Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes. Despite a 50 basis point decline in the U.S. 10-year note yield since late July, … Continue reading →

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A Look At Millennial Student Debt

October 28, 2019CreditBy toptierfinancial

Comedian Hasan Minhaj calls on Congress to address the student loan debt crisis as he and others testify before the House Financial Services Committee at a hearing on protecting student loan borrowers, on Capitol Hill in Washington, Tuesday, Sept. ASSOCIATED … Continue reading →

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North Carolina county’s ambulance debt collection plan faces pushback

October 28, 2019CreditBy toptierfinancial

Kelly Gooch – Wednesday, October 2nd, 2019 Print  | Email Activists and community members are asking Mecklenburg County in North Carolina to think of alternatives to wage garnishment to recoup payment for overdue ambulance bills, according to WBTV. The unpaid bills involve Medic, … Continue reading →

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N.J. sued for requiring credit reports in Spanish, 10 other languages

October 28, 2019CreditBy toptierfinancial

An association representing consumer reporting agencies filed a lawsuit in federal court Thursday seeking to block a New Jersey state law that requires credit reports to be made available in Spanish and 10 other languages. The Washington, D.C.-based Consumer Data … Continue reading →

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AGs From 28 States Send Letter To CFPB To Stop Proposal Allowing Debt Collectors To Use Social Media

October 27, 2019CreditBy toptierfinancial

The Consumer Financial Protection Bureau is proposing changes to the Fair Debt Collection Practices Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act (commonly referred to as “Dodd-Frank”). State attorneys general from 28 states have banded together to … Continue reading →

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A Billionaire Gave $34 Million To Pay Off The Student Loan Debt For The Entire Class Of 2019 At This College

October 27, 2019CreditBy toptierfinancial

The 2019 graduating class of Morehouse College got an amazing surprise in May when billionaire Robert F. Smith pledged to pay off the entirety of their student loans . The founder of private equity firm Vista Equity Partners made the … Continue reading →

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School lunch debt and lunch shaming is a problem that needs a national solution

October 27, 2019CreditBy toptierfinancial

School meals are a key component to student success both in and out of the classroom. But when a child arrives without cash in hand or in her school meal account, the school must decide how to respond. Over the … Continue reading →

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Education Department Official Resigns, Proposes Plan To Wipe Out Student Debt

October 26, 2019CreditBy toptierfinancial

Oct. 24, 2019, 11:19 AM PDT By Erik Ortiz A top Education Department official involved in student financial aid resigned Thursday, announcing that he would push an agenda to cancel much of the country’s student debt as he vies for … Continue reading →

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Betsy DeVos: Cancel Student Loan Debt? That’s “Crazy”

October 26, 2019CreditBy toptierfinancial

US Secretary of Education Betsy DeVos speaks during the fifth meeting of the Federal Commission on … [+] School Safety, focusing on the best practices for school building security, active shooter training for schools and practitioner experience with school-based threat … Continue reading →

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Recent Posts

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