A quarter of adults under age 34 are withdrawing savings from their 401(k) plans to pay down credit card and student loan debt. Fully 60 percent of today’s young adults define “financial success” as being debt-free, as opposed to 19 … Continue reading →
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Consumers are cautious about adding debt to their credit cards, as Bloomberg reports on the latest movement of the Federal Reserve’s G-19 report. S. consumer debt growth eased in February and was less than forecast as Americans tapped credit cards, … Continue reading →
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Boston’s high prices keep home ownership out of reach for Millennials Getty Student loan debt, currently estimated at 1.56 trillion is still impacting Millennial homebuyers according to a recent report from Bankrate.com. According to the report “31 percent of Americans say … Continue reading →
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WASHINGTON — The Government Accountability Office is recommending a stronger regulatory approach at two agencies to protect consumer financial data. The GAO’s report, which calls for a stronger role by the Federal Trade Commission and Consumer Financial Protection Bureau, came … Continue reading →
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Bloomberg Mark Calabria speaks during a Senate Banking Committee hearing September 2011. The Senate on Thursday confirmed Mark Calabria as director of the Federal Housing Finance Agency, the regulator of mortgage guarantors Fannie Mae FNMA, +5.07% and Freddie Mac … Continue reading →
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CBCInnovis, a leading provider of mortgage credit and data validation services to the mortgage lending industry, today announced an integration of its credit reporting capabilities with Maxwells digital mortgage technology. The integration of CBCInnovis with Maxwell provides credit reports to … Continue reading →
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A large proportion of Scots who seek help for debt problems do so because they have taken out a “buy now, pay later” agreement, Citizens Advice Scotland has said. In a consultation document submitted to the Financial Conduct Authority (FCA) … Continue reading →
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JEFFERSON CITY • The Missouri Supreme Court, in a unanimous decision issued Tuesday, ruled that courts cannot threaten defendants with additional jail time if a defendant fails to pay bills charged for any prior jail stays. Matthew G. Mueller, the public defender … Continue reading →
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On March 22, the U.S. Court of Appeals for the 9th Circuit reversed a lower court’s decision to dismiss TCPA claims against a student loan administrator (defendant), finding that the administrator could be held vicariously liable for a contractor’s alleged … Continue reading →
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A new Florida class action alleges that a car dealership misrepresented that it would make a “soft” credit inquiry, or pull, rather than a “hard” pull – and then made a hard pull. While the lawsuit alleges a straight-up misrepresentation … Continue reading →
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