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February

20
2024
Trends

Americans making student loan payments have up to 36% less saved for retirement

Student loans come with a minimum monthly payment that borrowers have to meet to keep their loans — and as a result, their credit history — in good standing. While there’s no requirement to contribute to a 401(k) or other retirement account, it’s smart to get started on saving early.

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February

20
2024
Industry News

CFPB seeks approval for new auto finance data collection

The CFPB recently published a notice in the Federal Register indicating that it is seeking approval from the Office of Management and Budget (OMB) for the collection of additional auto finance data pursuant to its authority under the Dodd-Frank Act .

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February

20
2024
Industry News

Whether Capital One can put Discover in its wallet hinges on how US regulators react

Capital One’s (COF) $35 billion purchase of Discover (DFS) would create one of the largest US credit card companies and a formidable new rival to American Express (AXP), Visa (V), and Mastercard (MA). The question now is whether regulators will let it stand.

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February

16
2024
Industry News

Call and Text Consent Rules Advanced by FCC

The Federal Communications Commission approved its report and order (PDF) on consumers’ rights to revoke consent for calls and text messages Thursday, reflecting industry stakeholders’ comments that companies should have more time to complete a consumer’s request, including a significant, successful push for the change by ACA International and its trade association coalition partners.

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February

16
2024
Industry News

Maine Credit Unions’ Campaign for Ending Hunger Announces New Fundraising Milestone

(WESTBROOK) – At an event held on February 13 in Freeport, representatives from credit unions across Maine gathered to commemorate the work done collaboratively last year to end hunger in Maine.

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