article thumbnail

Fed Data Analyzes Debt Patterns by Race, Gender, Education

Account Recovery

For anyone who has ever watched a movie or television show featuring someone trying to solve a crime, invariably there is a scene or even multiple scenes where the detective tries to “get inside the head” of the criminal, in order to understand his or her motivation, and to uncover what actually happened at the … The post Fed Data (..)

Education 246
article thumbnail

Daily Digest – July 12. Ed. Dept. Cancels More Loans; WH Seeks to Slow Bank Mergers, Give Consumers More Control of their Financial Data

Account Recovery

CANCELS MORE LOANS FOR MISLED STUDENTS The Department of Education on Friday announced it was canceling an additional $56 million in student loans for 1,800 individuals who were misled by three different for-profit institutions about their employment and salary prospects and the transferability of credits from the schools to other institutions.

Loans 233
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is Crypto Banking?

Nerd Wallet

This article provides information for educational purposes. What is crypto banking? Cryptocurrency, or crypto for short, is a digital form of money backed by computer code instead of a central banking. Cryptocurrency, or crypto for short, is a digital form of money backed by computer code instead of a central banking.

Banks 123
article thumbnail

Senators Accuse CEO of Student Loan Servicer of Lying in Congressional Testimony

Account Recovery

James Steeley, the CEO of the Pennsylvania Higher Education Assistance Agency (PHEAA) testified before the Senate Banking … The post Senators Accuse CEO of Student Loan Servicer of Lying in Congressional Testimony appeared first on AccountsRecovery.net.

article thumbnail

Employers Need Education on Student Loan Garnishments

Account Recovery

While still a few months off on the horizon, the date on which individuals with unpaid student loans may start seeing their paychecks and bank accounts garnished is approaching.

article thumbnail

Golden Years Going Plastic: AARP Finds Older Adults Swiping for Survival

Account Recovery

Why it matters: For professionals in debt collection agencies, debt buying companies, fintechs, banks, credit unions, and consumer finance firms, these findings underscore a growing vulnerability among older borrowers.

article thumbnail

Paycheck Pinch: How Even Six-Figure Earners Are Feeling the Squeeze

Account Recovery

Professionals at debt collection agencies, fintechs, and banks can expect to interact with borrowers who dont fit the typical risk profile yet face the same liquidity crunch. For creditors, staying ahead means tailoring repayment solutions that minimize friction like flexible payment plans, mobile tools, and improved customer education.