On September 11, the Federal Trade Commission announced final orders permanently banning two individual defendants from the debt relief industry and imposing asset surrender provisions to resolve allegations of a fraudulent student loan forgiveness scheme. The FTC alleged violations of the Federal Trade Commission Act, the Telemarketing Sales Rule, the Gramm-Leach-Bliley Act, and the FTC’s new…
FTC Bans Student Loan Debt Relief Operators for Alleged Deceptive Practices Consumer Finance and Fintech Blog Read the original article here
The three pillar banks have announced plans to introduce a raft of new measures aimed at providing support to customers impacted by problem gambling, including implementing voluntary card blocking, creating a dedicated support line, and enhanced staff training. The announcement comes from the Irish Banking Culture Board, which is an independent industry initiative funded by…
It’s a staggering number. More than 42 million Americans owe a total of nearly $1.5 trillion in student loan debt. It’s no wonder people look for help. But not all help is legit. Scammers are targeting borrowers with student loan debt relief schemes that can actually make things worse. In a new case announced today,…
A pilgrim holds up a copy of the Jubilee of Hope Passport in downtown Detroit, part of the worldwide 2025 Jubilee Year of Hope. While forgiveness of spiritual debt is the primary focus of the jubilee year, at least one Detroit-area Family of Parishes is taking advantage of a special jubilee year program to help…
If you were hoping the Federal Reserve’s recent rate cut, its first of 2025, was going to make your credit card debt easier to pay off, the reality is that there are many other, more important, factors at play. Credit card rates are influenced by things like your credit score, your monthy payment amounts, your…
Pursuing debt forgiveness could pay off right now, especially if you’re carrying a hefty balance. Zoonar RF/Getty Images The average American household now carries nearly $8,000 in credit card debt, but for many struggling borrowers, that average figure represents just the tip of the iceberg. With credit card interest rates hovering near their highest levels…
FTC Busts Illegal Debt Relief Operation: Here’s How to Protect Yourself | Debt Settlement Options US News Money Read the original article here
Disabled student-loan borrowers are eligible for debt relief. They’re not getting it. MarketWatch Read the original article here
Debt consolidation has emerged as the dominant driver of home equity borrowing and a key theme that loan officers reported — 81% of loan officers told HomeLight that they’ve seen a spike in homeowners borrowing against their equity, with 29% qualifying this as a significant increase and 52% calling it a slight increase. In 2025,…