Last Wednesday, President Donald Trump issued an executive order intended to wipe out the student loans of around 25,000 permanently disabled veterans, a move that came after dozens of state attorneys general said that it was way too complicated for … Continue reading →
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A little-known fact about consumer debt: It often has a statute of limitation, which means debt collectors can’t sue borrowers to recover the payments after a specified amount of time. When this happens, the debt is usually so old, banks … Continue reading →
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Debt collecting is a profession that gets little love, but given the social good done by debt collectors who operate ethically and follow the rules, maybe it’s time that we show them some affection. If not that, we should at … Continue reading →
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The Idaho Department of Finance is focusing on reducing regulatory burdens and providing a comprehensive review of its professional licensing system, including for financial services companies, in the coming months. Idaho’s Red Tape Reduction Act, an executive order signed by … Continue reading →
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CONSUMERS tend to prioritise paying off their credit cards ahead of other unsecured products, according to a TransUnion study. Pixabay Consumer credit has continued to rise over the past two quarters of this year, which means that consumers are relying … Continue reading →
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A recent report by NerdWallet found that 26% of Americans have made a late credit card payment (30 days late or more) in 2019. By NerdWallet’s calculations, that amounts to more than $3 billion in late fees alone. The report … Continue reading →
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View photos Twitter More Facebook More Apple’s credit card is launching soon, and it looks like the highly anticipated card will come with a few unusual rules. Goldman Sachs, which partnered with Apple on the card, … Continue reading →
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Let’s take a breather from credit cards for a moment as we look at new numbers from the Federal Reserve Bank regarding consumer debt. Today, the WSJ editorial board weighed in on student loans, wondering about “The Great Student-Loan Scam” … Continue reading →
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Danielle Douglas-Gabriel, The Washington Post Published 12:36 pm PDT, Thursday, August 1, 2019 A federal judge on Wednesday cleared the way for the Education Department to stop using private debt collectors and revamp the way it handles overdue student loans. Instead … Continue reading →
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© AP Photo / Patrick Semansky WASHINGTON (Sputnik) – The Senate Banking Committee has begun collecting information for an investigation of a data breach by one of the largest US banks that affected at least 100 million customers, committee Chairman … Continue reading →
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