With the recent rollout of Child Tax Credit checks, there’s a continued need among unbanked populations in America for access to safe banking products and services. Recently, the Cities for Financial Empowerment Fund (CFE Fund) announced in a press release … Continue reading →

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The American Bankers Association (ABA) has completed a new study of credit cards based on data from nearly 16 million customers who have at least one active credit card. Personal information was removed from the data before it was made … Continue reading →

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Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September 8, 2017. REUTERS/Tami Chappell   Summary Companies Law firms   Court found in favor of credit agencies in cases brought by borrowers Fair Credit Reporting Act … Continue reading →

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BOSTON (WHDH) – Massachusetts Attorney General Maura Healey on Friday warned debt collectors that child tax credit payments are off limits. Under President Biden’s American Rescue Plan Act of 2021, Massachusetts residents with qualifying children have started to receive automatic … Continue reading →

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If you have federal student loans, you already know the government has paused monthly payments and interest on eligible loans several times now, only to extend the deferment through September 30, 2021 as part of a COVID relief plan. This … Continue reading →

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A new court ruling says that private student loans can be discharged in bankruptcy. Here’s what you need to know — and what it means for your student loans. ADVERTISEMENT Student Loans The U.S. Court of Appeals for the Second … Continue reading →

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Consumer credit delinquencies fell in the first quarter of 2021 as the economy rebounded strongly, according to results from the American Bankers Association’s latest Consumer Credit Delinquency Bulletin. Overall, delinquencies fell in seven of the 11 loan categories tracked by … Continue reading →

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Colorado Governor Jared Polis signed into law a bipartisan bill repealing the state’s prohibition on credit card surcharges. Under the new law, Colorado businesses may impose a credit card processing surcharge of up to either 2% of the transaction amount … Continue reading →

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A new bill in the Ohio Senate would allow for debt settlement companies to operate in Ohio. The sponsor says it’s about consumer choice, but opponents says that choice isn’t a good one. Debt settlement is a billion-dollar industry in … Continue reading →

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