Credit Corp

MARCH 21, 2023

At the end of 2022, the Federal Reserve reported that roughly 43.5 According to the Federal Reserve’s Consumer Credit report, 43.5 This means that by 2022, we saw a 106 percent increase. Department of Education shows how many Americans have debt by federal loan type. Each borrower owes an average of $37,787.

Student loans 98

Student loans Student Loans Loans Education 98

Troutman Sanders

JANUARY 17, 2023

The case marks the first time that the FTC has collected civil penalties against a company that received the “notice of penalty offenses” for money-making opportunities sent in October 2022 and the first civil penalties for violations of the Restore Online Shoppers’ Confidence Act. billion in 2022. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Education 52

Troutman Sanders

OCTOBER 16, 2023

On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. The FTC has estimated that these fees can cost consumers tens of billions of dollars per year in unexpected costs.

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

Troutman Sanders

OCTOBER 17, 2022

This letter follows Chairman Clyburn’s May 2022 letters to the NCRAs, requesting information on the companies’ efforts to respond to and resolve credit reporting inaccuracies raised by consumers during the pandemic. On October 11, U.S. For more information, click here. For more information, click here. 1701 , et seq.).

Financial services 52

Financial services Banks Student loans Student Loans 52

Credit Corp

OCTOBER 6, 2023

The average household credit card debt in America is $9,654, and the states with the largest amount of credit card debt are Alaska, Hawaii, and New Jersey. Between the first quarters of 2022 and 2023, The Federal Reserve Bank of New York reported that the credit card debt in America rose by $145 billion.

Credit Card Debt 98

Credit Card Debt Debt Consolidation Credit Unions Credit Unions 98

Troutman Sanders

APRIL 18, 2022

Federal Activities: On April 14, the Consumer Financial Protection Bureau (CFPB or Bureau) published a report titled, “ Student Loan Borrowers Potentially At-Risk when Payment Suspension Ends.” In the post, the CFPB argues that certain private education loans can be discharged in bankruptcy. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Loans 52

Credit Corp

FEBRUARY 21, 2023

The average household credit card debt in America is $9,260, and the states with the largest amount of credit card debt are Alaska, Hawaii, and New Jersey. Between the first and final quarter of 2022 , TransUnion® reported that the average American’s credit card debt rose roughly $400 per person.

Credit Card Debt 98

Credit Card Debt Debt Consolidation Credit Unions Credit Unions 98