America’s student debt is growing more slowly, but borrowing remains a fact of life for most students. The average burden for indebted college graduates is now nearly $30,000, a new analysis found. Two in three students who earned bachelor’s degrees … Continue reading →
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Photo: Timothy A. Clary, APF A greater number of college graduates are repaying their federal student loan debts on time without defaulting on the loans, according to the latest stats released by the US Department of Education. The student loan cohort default … Continue reading →
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At least one consumer’s attorney group will think twice before filing a manufactured lawsuit alleging violations of the Fair Debt Collection Practices Act (“FDCPA”). In a consolidated complaint, the plaintiffs alleged that ACA International member agency Nationwide Credit and Collection … Continue reading →
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On September 17, the U.S. District Court for the District of Maryland partially granted a law firm’s motion for summary judgment in a consolidated debt-collection action concerning alleged violations of the Maryland Consumer Debt Collection Act (MCDCA) and the Maryland … Continue reading →
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Elizabeth Warren speaks about canceling student-loan debt, July 2019. (Win McNamee/Getty Images)It’s too costly and would create a moral hazard, when there are better alternatives Senator Elizabeth Warren promises to cancel outstanding student debt for a majority of borrowers if … Continue reading →
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Lenny Ignelzi/AP Photo A customer leaves the Payday Advance store in Oceanside, California, August 2006. In the United States, debt is ubiquitous. There’s mortgage debt, student loan debt, credit card debt, car loan debt, personal loan debt, and more. And … Continue reading →
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Ford Motor Credit’s total volume of units financed has declined 13.7% year over year to 70,793 units financed in July, according to AutoCount data from Experian. In a couple emblematic states, the captive’s volume decreased more than 30%. In Texas, … Continue reading →
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WASHINGTON (AP) — Consumer borrowing surged in July at its fastest pace since late 2017, driven by a big jump credit card use. Consumer borrowing increased by $23.3 billion in July after a $13.8 billion advance in June, the Federal … Continue reading →
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The House passed a bill Wednesday to give banks and credit unions legal cover to serve the cannabis industry even while the drug remains federally banned. The bill, dubbed the Secure and Fair Enforcement (SAFE) Banking Act, easily passed the … Continue reading →
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Debt collector seem to be the occupation everyone loves to hate, but without them businesses large and small—from banks to gyms to doctor’s offices—could not serve their customers with the assurance that their contracts would be enforced. That’s why the Competitive … Continue reading →
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