OLYMPIA – Washington state Insurance Commissioner Mike Kreidler on Tuesday issued an emergency rule prohibiting insurers from using credit scoring to set rates for personal property for three years after the current coronavirus pandemic is declared over. The rule comes … Continue reading →
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TransUnion Global Payment Hierarchy Study observes consumer credit behavior in five countries CHICAGO, April 14, 2021 (GLOBE NEWSWIRE) — In times of crisis, repayment prioritization of credit products often provides a clearer view of how consumers are meeting the financial … Continue reading →
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(Reuters) – Wells Fargo & Co reported first-quarter profit ahead of Wall Street estimates on Wednesday as the bank set aside less money to cover soured loans. The fourth-largest U.S. lender said profit rose to $4.74 billion, or $1.05 per … Continue reading →
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Today the Department of Education announced it will halt collections on student borrowers in default with loans under the old bank-based federal student lending system. The CARES Act passed in March 2020 suspended payments and interest on federally-held student loans … Continue reading →
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The Senate Committee on Banking, Housing and Urban Affairs Subcommittee on Economic Policy met Tuesday for a hearing on “The Student Debt Burden and Its Impact on Racial Justice, Borrowers, & The Economy.” Subcommittee Chair U.S. Sen. Elizabeth Warren, D-Mass., … Continue reading →
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TORONTO — Ontario’s financial regulator will provide a $500-million credit facility to help PACE Credit Union continue operations. The Financial Services Regulatory Authority of Ontario took control of the credit union when it was placed under administration in September 2018 … Continue reading →
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United Federal Credit Union names Bill Golden mortgage advisor in Carson City, Nevada ST. JOSEPH, MI (April 13, 2021) — United Federal Credit Union (United) is pleased to announce the appointment of Bill Golden as Mortgage Advisor at the Carson … Continue reading →
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(InvestigateTV) – Every year, Marsha Edwards says she cringes as she watches the days tick by, inching closer to tax day. As the owner of Rise Above hair salon in Richmond, Virginia she deals with the regular stress of running … Continue reading →
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A debt-settlement firm owned by the founder of nonbank lender CashCall agreed to pay a $750,000 fine to address claims it steered consumers into high-cost loans from affiliated lenders and failed disclose relationships with affiliated lenders. SettleIt, an online company, … Continue reading →
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Copyright © 2021 Albuquerque Journal SANTA FE – A trip to the emergency room two years ago left Genevieve Romero with $1,500 in medical debt and a hit to her credit score. Romero has insurance, and she says she never … Continue reading →
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