The U.S. Court of Appeals for the Ninth Circuit recently reversed the dismissal of a putative class action under the federal Telephone Consumer Protection Act finding that the plaintiff adequately alleged that the defendant placed calls using an automated telephone … Continue reading →
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Over the last several years, there’s been a serious push to get Fannie Mae and Freddie Mac to use newer credit scoring models that consider factors such as a person’s bank account history, work history, or utility payments as part of the formula … Continue reading →
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Dive Brief: The American Bankers Association is urging the National Credit Union Administration to withdraw a proposal that would allow federal credit unions (FCUs) to have up to half of their deposits come from other credit unions and government entities. … Continue reading →
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Your student loans may haunt you even after you’ve paid them off. That’s because they’re having a major impact on how much people save for retirement, according to a focus group and survey of more than 1,800 people released by … Continue reading →
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E Illinois counties are hiring debt collectors to track down people who may owe money for older, unpaid traffic tickets. One woman accused of owing money would have been just 14 when the ticket was issued. Melanie Little, of Florida, … Continue reading →
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Intro Photo Credit: Alamy Stock Photo Household debt in the U.S. is the highest it has ever been. According to the New York Fed, total household debt reached $13.67 trillion in the first quarter of 2019, an increase of 0.9% … Continue reading →
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Christy Bieber, The Motley Fool Published 7:00 a.m. ET July 29, 2019 | Updated 7:30 a.m. ET July 29, 2019 CLOSE Know what not to charge on your credit card before you swipe. These are four of the worst things … Continue reading →
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ITT Education Services, the erstwhile operator of the now defunct for-profit ITT Tech college chain, has reached a settlement with a federal consumer watchdog agency barring it from collecting on millions in private loans taken out by former students to … Continue reading →
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Linda Lacewell, superintendent, New York Department of Financial Services. (Courtesy photo) A national student loan servicer will pay a $236,309 settlement to New York state for operating as a sales finance company without a license, under an agreement announced by … Continue reading →
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NEW YORK (Reuters) – More people in the United States appear to be struggling to keep up with their credit card and student loan debt, which could put pressure on one of the strongest drivers of economic growth. FILE PHOTO: … Continue reading →
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