The Consumer Financial Protection Bureau inadvertently scheduled exams at two debt collection firms that it had no jurisdiction over and in some instances sent examiners to the wrong regions, the bureau’s inspector general said. The agency’s Office of the Inspector … Continue reading →
Read more: creditandcollectionnews.com
“36% of U.S. college students say they already have more than $1,000 in credit card debt” As if massive student debt wasn’t bad enough. Having a credit card for emergencies is a good thing for students but they shouldn’t use … Continue reading →
Read more: creditandcollectionnews.com
Many of us struggle with debt on a daily basis without making much progress. In fact, I recently highlighted that 50% of Americans have maxed out credit cards! With that being said, if you finally have extra money at the end of … Continue reading →
Read more: creditandcollectionnews.com
The next text message you receive may not be a funny picture from your mom, or an update on how late your friend will be to brunch. It could be a debt collector. The Consumer Financial Protection Bureau has proposed … Continue reading →
Read more: creditandcollectionnews.com
President Ronald Reagan’s famous maxim, “Freedom is never more than one generation away from extinction,” remains true today. Yet during times of great prosperity, it’s easy to take things for granted and assume that the good times will remain forever. … Continue reading →
Read more: creditandcollectionnews.com
Your rich Uncle Sam is calling in his chips. The U.S. government stepped up collections on delinquent student debt to $2.9 billion last year — or an average of $1,000 from 2.9 million former students and their cosigners, according to … Continue reading →
Read more: creditandcollectionnews.com
ANNAPOLIS, Maryland — Jailing a person for an unpaid debt has been illegal for almost two centuries in the United States. But in Maryland, through a roundabout court procedure, hundreds of people every year are jailed for essentially just that: … Continue reading →
Read more: creditandcollectionnews.com
Wednesday, May 29, 2019 A new report issued by the Government Accountability Office titled, “Private Student Loans: Clarification from CFPB Could Help Ensure More Consistent opportunities and Treatment for Borrowers,” calls on the CFPB to provide clarification to nonbank private … Continue reading →
Read more: creditandcollectionnews.com
Diligent young Americans are putting away money for retirement, just to take it out to pay for student loans, new research found. Americans struggle paying for housing and education, among other necessities and goals, but student debt seems to be … Continue reading →
Read more: creditandcollectionnews.com
Rep. Alexandria Ocsaio-Cortez, D-N.Y., and 2020 candidate Sen. Bernie Sanders, I-Vt., have apparently decided to try to ban credit cards. Sure, that’s not quite what Ocasio-Cortez and Sanders actually say (they just want to stop the swindlers profiting from excessive … Continue reading →
Read more: creditandcollectionnews.com
