WASHINGTON (AP) — Consumer borrowing slowed in June to the smallest increase in three months as a jump in auto loans and student loans was offset by a big drop in borrowing on credit cards. Overall consumer borrowing increased by … Continue reading →
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A&B Abstract: This blog post is part two of a five-part series examining the Consumer Financial Protection Bureau’s (the “CFPB” or “Bureau”) proposed rule amending Regulation F (the “Proposed Rule”), which implements the Fair Debt Collection Practices Act (“FDCPA”) to prescribe … Continue reading →
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The Apple Card is Apple’s new credit card from Goldman Sachs that works with Apple Pay and your iPhone’s Wallet app. The Apple Card offers higher-than-average cash back when used with Apple Pay, and has no fees or penalties (aside … Continue reading →
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LAFCU’s marketing campaign introducing the credit union’s new “vertical” credit cards has won two gold awards in the 2019 MAC Awards. The national competition recognizes successful marketing efforts by credit unions. LAFCU’s winning entries are: “Going Vertical” multimedia marketing campaign, … Continue reading →
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A Chicago-area debt collector threatened to sue and garnish the wages of consumers in violation of federal law, the Consumer Financial Protection Bureau said in a consent order. The CFPB alleged that Asset Recovery Associates of Lombard, Ill., also threatened … Continue reading →
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Degrees of debt This week, President Donald Trump signed an executive order to streamline a law that forgives injured veterans’ school debt. As another class of students heads to college, we look at the increasing amount of loans that are … Continue reading →
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Across the country, businesses – especially small, independent businesses – are struggling to keep up with Americans’ exponential credit card use. What’s worse for small businesses: more Americans are using credit cards to pay for small transactions; new statistics show … Continue reading →
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Aug. 21 (UPI) — The total amount of household debt in the United States has grown for the 20th consecutive quarter and student loans have become the most prevalent type of “severely derogatory” debt, new statistics show. The Federal Reserve … Continue reading →
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Uncategorized In Trinity Warner v. Experian (link), the Ninth Circuit recently affirmed a district court’s summary judgment in favor of Experian, finding that dispute letters sent to Experian by a “credit repair agency,” Go Clean Credit LLC, were not “direct” … Continue reading →
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The average credit score of borrowers who refinanced mortgages in July with loans backed by Fannie Mae and Freddie Mac rose to a six-year high, according to an Ellie Mae report. The score was 750, up from 742 in June. … Continue reading →
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