Student loan borrowers who have defaulted on their loans have until the end of September to enroll in a program that could help bring them back into regular payments. The Fresh Start program brings borrowers who carry defaulted loans back into repayment. First introduced by the Biden-Harris administration in April 2022, sign up for the program ends on September 30. As of January this year, more than six million borrowers were found to be eligible.
It's been a long and bumpy road to the Federal Reserve's first interest rate cut in more than four years — a moment that could prove decisive to the finances of millions of Americans. The Fed on Wednesday lowered its benchmark rate by 0.50 percentage points, a critical pivot after the central bank introduced a flurry of rate hikes to tame the pandemic's high inflation.
The California Department of Financial Protection and Innovation (DFPI) announced today it has taken enforcement actions against three companies to prevent them from unlawfully charging fees for student loan debt relief services to California consumers before any actual work has been performed.
The incident, disclosed in March 2023, was the result of a cyberattack at a third-party vendor and resulted in the compromise of customer proprietary network information (CPNI) pertaining to roughly nine million AT&T customers.
A judge rejected an attempt by lawyers for the Colony Ridge housing development to dismiss the civil lawsuit brought against the company by the Department of Justice and the Consumer Financial Protection Bureau alleging it unjustly targeted Latino land buyers.
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