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 →
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Crane Credit Union reported a strong first quarter to open 2019. Membership increased 2.37% over the previous quarter to 50,881 members. In addition, Credit Union assets increased to $620,625,178. This is an increase of 5.89% from the previous quarter and … Continue reading →
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It’s Your Choice? Not if politicians have their way. (AP Photo/Matt Rourke) ASSOCIATED PRESS Bernie Sanders and Alexandra Ocasio-Cortez have proposed capping credit card interest rates at 15%. It sounds appealing and benevolent, of course: wouldn’t people be better off if … Continue reading →
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WASHINGTON (CNN) — The Education Department released new student loan data this week, as part of its plan to deal with student loan debt by giving individual consumers more information about what they’re likely to get for their money. The … Continue reading →
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Banks Hold On to Riskier Credit-Card Loans Amid Higher Losses More (Bloomberg) — More U.S. consumers are defaulting on their credit cards, but banks may be holding onto the riskiest loans instead of passing them off to investors, according to … Continue reading →
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Millions of Americans over the age of 60 are still struggling to pay their student loan debt, according to CBS News. ADVERTISEMENT The news outlet cited data obtained from the Consumer Financial Protection Bureau which said there are more than three million … Continue reading →
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Wednesday, May 22, 2019 The CFPB’s proposed debt collection rules were published in yesterday’s Federal Register. Here is the link to the Rules https://www.creditandcollectionnews.com/viewer.php?url=https://www.creditandcollectionnews.com/uploads/CFPB%20Debt%20Collection%20Rules.pdf The publication of the proposal means that the 90-day comment period is now running. Comments must be … Continue reading →
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Minnesota residents can brag about more than their 10,000 lakes — they typically have the country’s best credit scores too. As in previous years, the midwestern state has America’s highest average credit score, according to Experian. Those living in Minnesota … Continue reading →
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WARNING: Some fake debt collectors may know a lot about you Catie Brown used to have Century Link for phone and internet. She says she owed the company money — $500 — but didn’t know it at the time. Then, … Continue reading →
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MediaNews Group/Orange County Register/Getty Images Experian, a consumer credit reporting company that supports more than 300 million people and 40 million businesses across the U.S., just released its latest State of Credit report. The report compared consumer credit behavior data … Continue reading →
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