It seemed like a simple solution for expanding the credit profile of many first-time homebuyers, but Fannie Mae’s new plan to utilize rent payment history to that end will not immediately remedy the situation. Linda Goodman and Jun Zhu, in … Continue reading →
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Legislation that would cap all fees and interest at 36% would make it more difficult for many consumers to obtain credit, CUNA and other organizations wrote Senate Banking, Housing, and Urban Affairs Committee leadership Friday. The letter was sent for … Continue reading →
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The company said that stolen files included the personal information of 7.8 million current customers and 40 million people who had applied for credit. A cyberattack on T-Mobile exposed the information of more than 40 million people, with stolen files … Continue reading →
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(MENAFN – UkrinForm) Sixty-four legal entities have submitted to the National Bank of Ukraine applications for registration as official debt collection companies. That’s according to the NBU press service , Ukrinform reports. “The one-month deadline for submission of applications for … Continue reading →
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A Colorado Springs woman has prevailed over a medical debt collection company after the Denver-based federal appeals court agreed Medicredit, Inc. violated consumer protection law by contacting her after she expressly asked for the calls to stop. On Tuesday, a … Continue reading →
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The Amazon One palm-scanning devices are connected to a credit card or Amazon account. The customers’ biometric payment profile follows them to every store with Amazon One cashiers. (Maurice Labrecque/Amazon/TNS) Aug. 13—In a letter to Amazon CEO Andy Jassy, three bipartisan U.S. senators … Continue reading →
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(Photo by Drew Angerer/Getty Images) Student loan companies spent over $6 million on lobbying in the past year and a half as lawmakers continue trying to mitigate the student debt crisis. President Joe Biden announced Friday that the government would … Continue reading →
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The financial services industry continues to rebound from the early struggles of the COVID-19 pandemic, according to TransUnion’s Quarterly Credit Industry Insights Report for the second quarter of 2021. The report, released today, shows the a mortgage, auto & personal … Continue reading →
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Q2 2021 TransUnion Industry Insights Report explores credit trends CII Levels Through the Past Decade Credit Industry Indicator Credit Industry Indicator CHICAGO, Aug. 18, 2021 (GLOBE NEWSWIRE) — The financial services industry is rebounding strongly from the early impacts of … Continue reading →
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What’s more likely: wide-scale student loan cancellation or student loan forgiveness in bankruptcy? Here’s what you need to know. Student Loans Student loan cancellation is a hotter topic after President Joe Biden extended student loan relief through January 31, 2022. … Continue reading →
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