Student debtors not benefitting from repayment options, report says

By Douglas Clark  |  August 18, 2017

A Consumer Finance Protection Bureau (CFPB) report maintains student loan borrowers continue to struggle while not taking advantage of affordable repayment plans. The report revealed for borrowers the benefits of affordable payment options remain largely untapped, although nearly every federal student loan borrower has the right under federal law to make a monthly payment based on their income - known as Income-Driven Repayment (IDR). The report authors said the investigative effort exami...

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NAFCU asks Consumer Financial Protection Bureau to rescind prepaid account rule

By Dave Kovaleski |
August 17, 2017

The National Association of Federally Insured Credit Unions (NAFCU) has requested that the Consumer Financial Protection...Read More »

Financial fraud decreases as chip card use increases, according to study

By Dave Kovaleski |
August 16, 2017

U.S. financial institutions saw a reduction in fraud losses in 2016, which coincides with an increased issuance of chip ...Read More »

New SIFMA study shows how fiduciary rule is impacting retirement savers

By Dave Kovaleski |
August 15, 2017

The Department of Labor’s (DOL) fiduciary rule for financial advisors, which went into partial effect on June 9, is ca...Read More »

Number of poor families struggling to pay rent on the rise, according to HUD study

By Dave Kovaleski |
August 14, 2017

The number of very poor families struggling to pay their monthly rent and living in substandard housing increased betwee...Read More »

CBPP warns committee-approved funding for Housing Choice Vouchers may fall short of need

By Financial Regulation News Reports |
August 11, 2017

Tens of thousands of low-income households could face less stable housing situations as a result of a funding bill for t...Read More »

Insured Retirement Institute says fiduciary rule already having negative impact

By Dave Kovaleski |
August 10, 2017

The Insured Retirement Institute (IRI) is asking the Department of Labor to delay the applicability date of the fiduciar...Read More »

Sens. Booker, Wyden, Durbin press CFPB to help women and minority entrepreneurs

By Dave Kovaleski |
August 9, 2017

U.S. Sens. Cory Booker (D-NJ), Ron Wyden (D-OR), and Dick Durbin (D-IL) recently urged the Consumer Financial Protection...Read More »

House Democrats urge Carson to cut mortgage insurance premiums

By Dave Kovaleski |
August 8, 2017

Congressional Democrats are urging Department of Housing and Urban Development Secretary Ben Carson to reinstate the pre...Read More »

Sens. Scott, Warner seek more inclusive credit scoring model

By Dave Kovaleski |
August 7, 2017

U.S. Sens. Tim Scott (R-SC) and Mark Warner (D-VA) introduced last week legislation to include some of the 26 million ...Read More »

Treasury Department ends myRA program

By Dave Kovaleski |
August 4, 2017

The U.S. Department of the Treasury announced that it will end the myRA (my Retirement Account) program initiated during...Read More »

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