The Biden-Harris Administration announced today the approval of $7.7 billion in additional student loan debt relief for 160,500 borrowers. These discharges are for three categories of borrowers: those receiving Public Service Loan Forgiveness (PSLF); those who signed up for President Biden’s Saving on a Valuable Education (SAVE) Plan and who are eligible for its shortened time-to-forgiveness benefit; and those receiving forgiveness on income-driven repayment (IDR) as a result of fixes made by the Administration.
Denver, Colorado – May 24, 2024 – This month, Westerra Credit Union celebrates its 90th anniversary as a member-owned, not-for-profit financial institution that was founded by eight teachers with a mission to support their fellow educators. As part of this milestone, Westerra will be reflecting on its rich history through various celebrations throughout the year, including the recent partnership with the Colorado Rockies for Teacher Appreciation Week to recognize the contributions of educators in the Denver metro area.
LOS ANGELES, May 22, 2024 /PRNewswire/ -- On Friday, May 17th, the CFPB announced its first action after its Supreme Court ruling, targeting the nation's largest consumer-facing black-led and owned fintech, SoLo Funds. SoLo Funds has been wrongly accused of misconduct regarding its voluntary tipping fee structure and peer-to-peer community finance model, despite tips going 100% to community members, being self-selected, and being significantly more affordable in terms of cost to Americans.
WASHINGTON, D.C. – Under an interpretive rule issued by the Consumer Financial Protection Bureau today, lenders that offer buy now, pay later (BNPL) loans will be required to provide borrowers with certain protections, namely the right to dispute charges and to demand a refund after returning a product they purchased.
OAKLAND — California Attorney General Rob Bonta today led a multistate coalition of 19 attorneys general in filing an amicus brief in National Automobile Dealers Association et al. v. FTC, supporting the Federal Trade Commission’s defense of its new auto sales (CARS) Rule. The rule addresses several persistent unfair and deceptive practices in the auto sales industry. In the amicus brief, filed in the Fifth Circuit Court of Appeals, the coalition argues the new FTC rule is a necessary step to protect consumers as existing law has proven insufficient to stamp out widespread dealer misconduct.
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