This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Why it matters: For professionals in debt collection agencies, debt buying companies, fintechs, banks, creditunions, and consumer finance firms, these findings underscore a growing vulnerability among older borrowers.
Good debt usually are the kinds of credit taken in ways that will improve our lives. Examples include using a mortgage to purchase a home or investment property, or a student loan to get a college education. At the top of the list of bad debt is credit cards. Prepare Your Credit Before Applying.
The investing information provided is for educational purposes only. You can sign up for a high-yield savings account through many banks and creditunions, and some accounts can earn you anywhere from three to four percent annually. We recommend consulting a financial professional before investing.
You might also talk to your bank or creditunion about available loans that would be looked upon more favorably. Recently opened bank revolving trades. Revolving trades refers to revolving credit accounts. What you can do : Work to pay off some of these accounts so you don’t have so many open.
On December 16, the National CreditUnion Administration — the federal regulator that oversees creditunions — announced that creditunions may partner with third-party digital asset service providers to give members access to cryptocurrencies and other digital assets. For more information, click here.
On September 14, the CFPB released a report on Tuition Payment Plans in Higher Education. Ninety-eight percent of colleges now allow students to pay for their education in installments using tuition payment plans. On September 14, the Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S.
On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. On October 11, the CFPB published its analysis regarding the nonsufficient fund (NSF) fee practices of a number of banks and creditunions.
On January 4, the Federal Trade Commission (FTC) and the State of Connecticut announced they are filing suit against an auto dealer for several of its business practices. On December 27, 2023, the FTC filed suit against Grand Canyon Education, Inc., (GCE) For more information, click here. For more information, click here.
Exchange-Traded Funds (ETFs). For stocks, you’ll need to look at the stock’s average fluctuations over recent years and develop an educated guess. You may discover that your local creditunions can offer you a better interest rate on your savings account than online vendors can. ETFs are very similar to mutual funds.
Additionally, to facilitate the disbursement of Child Tax Credit advance payments during 2021, the American Rescue Plan requires the IRS to establish an online portal for taxpayers to update relevant data for mid-year payment adjustments ( e.g., the birth of a child during 2021). For more information, click here. On March 18, the U.S.
Doing it well in advance of your loan will give you time to address issues, make corrections, or pay off any trade lines that can help boost your credit profile. Creditunion. Veteran’s creditunions price their loans competitively to give veterans and active-duty families a way to save, earn, and borrow.
On June 8, the board of governors for the Federal Reserve (the Fed), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), National CreditUnion Administration (NCUA), and the OCC requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions.
Covered institutions include banks, savings associations, creditunions, and mortgage companies. Department of Education announced it would discharge all remaining federal student loans for students who attended any college run by Corinthian Colleges. financial institutions. For more information, click here.
On December 20, the Federal Trade Commission (FTC) announced that it was extending the deadline to submit public comments on a new proposed rule to prohibit junk fees. The CRA regulations require the agencies to annually disclose these data. For more information, click here. For more information, click here.
The FTC alleged that the defendants pretended to be affiliated with the Department of Education, charged illegal junk fees, and offered students loan forgiveness promises that were not fulfilled. On October 4, the Federal Trade Commission (FTC) held a roundtable to discuss the impact of artificial intelligence on creative fields.
Department of Education (DOE), used deceptive loan forgiveness promises, and falsely claimed they were offering relief under the “Biden Loan Forgiveness” plan to lure students and collect millions in illegal upfront fees. which provides consumers with tips to spot digital asset-related scams.
Federal Activities: On January 13, the Federal Trade Commission (FTC) announced that an investment advice company agreed to a proposed court consent order, requiring it to refund more than $1.2 million to 20,402 people who paid thousands of dollars for a Warrior Trading’s investment programs. State Activities.
Securities and Exchange Commission (SEC) and South Korea’s Financial Supervisory Service (FSS) will discuss the classification and regulation of nonfungible tokens (NFTs) and spot Bitcoin exchange-traded funds (ETFs). On February 23, the Federal Trade Commission (FTC) announced that it finalized an order with Global Tel*Link Corp.
On January 18, the Federal Trade Commission (FTC) issued an order postponing the effective date of the Combatting Auto Retail Scams (CARS) Rule while a legal challenge against the rule is pending. For more information, click here. According to the FTC, the CARS Rule will save consumers more than $3.4 For more information, click here.
Secretary of Education Betsy DeVos implemented President Donald Trump’s memorandum extending relief on federally held student loans to borrowers through the end of the year. On August 19, 2020, the Federal Trade Commission (FTC) will be working with the U.S. State Activities. Privacy and Cybersecurity Activities.
Covered institutions include banks, savings associations, creditunions, and mortgage companies. Department of Education announced the approval of 18,000 borrower defense to repayment (borrower defense) claims for individuals who attended ITT Technical Institute. For more information, click here. On June 16, the U.S.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content