Consumer Finance

MAY 19, 2024

The CFPB took action against Western Benefits Group for charging illegal advance fees for student loan debt relief services and misrepresenting to consumers that advance fees would go toward paying down their loans.

Student loans 131

Student loans Student Loans Loans Collections 131

Collection Industry News

MAY 19, 2024

NEW YORK — The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows total household debt increased by $184 billion (1.1%) in the first quarter of 2024, to $17.69 trillion. The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel.

Student loans 40

Student loans Student Loans Credit Card Debt Loans 40

Consumer Finance

MAY 19, 2024

La CFPB tomó acciones contra Western Benefits Group por cobrar tarifas por adelantado ilegales y por mentirles a los consumidores diciéndoles que esas tarifas irían hacia el pago de sus préstamos.

Student Loans 52

Student Loans Student loans Loans Collections 52

Consumer Finance

MAY 19, 2024

CFPB Director Rohit Chopra delivered prepared remarks at the Mortgage Bankers Association annual expo.

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Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.