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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.

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A Guide to Auto Loans in 2022

Better Credit Blog

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.

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9 Best Investments to Increase Your Wealth in 2023

Credit Corp

The investing information provided is for educational purposes only. You can sign up for a high-yield savings account through many banks and credit unions, and some accounts can earn you anywhere from three to four percent annually. We recommend consulting a financial professional before investing.

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10 Reasons You Were Rejected for Credit

Credit Corp

You might also talk to your bank or credit union 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.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On December 16, the National Credit Union Administration — the federal regulator that oversees credit unions — announced that credit unions may partner with third-party digital asset service providers to give members access to cryptocurrencies and other digital assets. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

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.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

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 credit unions.