A Consumer Financial Protection Bureau (CFPB) report maintains credit card debt fell to $811 billion by the second quarter of 2020, from a peak of $926 billion in 2019. © Shutterstock “While public and private programs helped consumers bring down … Continue reading →
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Student loan debt affected people’s ability to pay their bills and meet their basic needs during the Great Recession – and the burden of that debt was disproportionately placed on Black and Latino families, a study by Elizabeth Martin, a … Continue reading →
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Classified in: Business Subject: AWD TYSONS, Va., Sept. 30, 2021 /PRNewswire/ — PenFed Credit Union, the nation’s second-largest federal credit union, today announced it was selected for a 2021 Financial Content Marketing Award by the Gramercy Institute for a seven-part downloadable … Continue reading →
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By TODD STACY, Alabama Daily News A new bill by U.S. Sen. Tommy Tuberville would prohibit the Internal Revenue Service from requiring banks and credit unions to report customers’ transactions or account balances beyond current statutory requirements. Currently, the Bank … Continue reading →
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Banks issued 42 percent more credit cards in the first six months of 2021 compared with the same period in 2020, including a record-high 6.93 million in June 2021, according to a recent Equifax report. Credit card originations started out … Continue reading →
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Medical debt can affect your credit score, which is a key part of car buying. Your credit score can determine many aspects of car buying, including how much you qualify for and the type of lender you can work with. … Continue reading →
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Student loan forgiveness won’t be available to everyone, but this plan is available now. Here’s what you need to know. Student Loans Student loan forgiveness may be on the mind of student loan borrowers, but it probably won’t happen — … Continue reading →
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Equifax and Prosper Marketplace Inc. were sued Thursday in Georgia Northern District Court for claims under the Fair Credit Reporting Act. The court case was filed by Armor Law and Berry & Associates on behalf of Sherri Lynn Haase. Counsel … Continue reading →
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Credit card heavyweights, which long showed little angst about buy now/pay later competitors, are starting to acknowledge the need to match the offers from those upstart firms. In recent days, a few major card issuers have either announced new BNPL … Continue reading →
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In the past, older households were more likely to retire debt free with a paid-off mortgage. Those days are over. Student loan debt for older adults, their children, and their grandchildren has been rising for decades. Debt undermining retirement security … Continue reading →
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