Current Industry News
One of the biggest student loan companies in the US gets approval to shut down its services
The Education Department on Wednesday approved student-loan company Navient’s request to shut down its federal services, becoming the third company to do so this year before student-loan payments resume in February.
AG Ferguson: Company that peddled robocall blocking services illegally robocalled Washingtonians
SEATTLE — Attorney General Bob Ferguson filed a lawsuit today against a Corvallis, Ore.-based company, Global Grid Telecom, and its owner for illegally robocalling Washingtonians with deceptive recorded messages. Ironically, the calls attempted to sell a purported robocall-blocking service.
Are Americans Getting Better at Credit Card Debt? New Survey Shows Positive Signs
New data seems to suggest that Americans have been getting better at credit card debt as average balances declined significantly during 2020, according to the Consumer Finance Protection Bureau (CFPB), and Americans say they are very confident in their abilities to pay off their credit card debt, according to a new survey.
CFPB Report Indicates Consumer Credit Card Use Trends Returning to Pre-Pandemic Levels
On September 29, the Consumer Financial Protection Bureau (CFPB) released its biennial report to Congress regarding the consumer credit card climate. The report shows that the market’s growth during the last few years reversed course in 2020.