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Ed. Dept. Launches New Income-Driven Repayment Program

Account Recovery

The Department of Education, along with the federal government, yesterday announced it had launched its updated income-driven repayment application tool for individuals with unpaid student loans, a tool that could help reduce the student loan payments for up to 30 million borrowers.

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How the Government's Response to Inflation Could Help Savers

Nerd Wallet

This article provides information for educational purposes. The article How the Government's Response to Inflation Could Help Savers originally appeared on NerdWallet. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies.

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Student Loan Moratorium Costing Gov’t $5B per Month, Think-Tank Claims in Suit

Account Recovery

The moratorium on student loan payments has cost the federal government $160 billion in lost assets and the federal government should be ordered to force individuals with unpaid student loan debts to start repaying them, according to a nonprofit think-tank that is seeking a preliminary injunction against the Department of Education.

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Continuous Financial Education for Women Small Business Owners

Fico Collections

Continuous Financial Education for Women Small Business Owners. FICO-hosted panel at NAWBO’s 2022 Advocacy Days discusses how financial education impacts access to capital and business growth for small businesses. To learn more about SABF and to access financial management education resources and tools, visit www.fico.com/sabf.

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Ed. Dept. Will Not Use Tax Refunds, Social Security to Collect on Defaulted Student Loans Until November

Account Recovery

The Department of Education has announced it will suspend the seizure of tax refunds, Social Security payments, and other government payments to collect on defaulted student loans through November.

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Senators Accuse CEO of Student Loan Servicer of Lying in Congressional Testimony

Account Recovery

The Chief Executive of one of the nation’s largest student loan servicing companies is being accused of lying in testimony before Congress, as the companies winds down its operations servicing student loans on behalf of the federal government.

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New study confirms that few consumers complain to government agencies about consumer fraud

Public Citizen

This might have been the seller or manufacturer of the fraudulent product of service; a provider of payment services such as a credit card company, a bank or another payment service; a Better Business Bureau; or a government agency. Less than 3 percent of victims complained to a government entity. Somewhat more than half of these – 1.5