The number of credit card delinquencies rose by more than 40% in twelve states in the third quarter of 2023 over the same quarter in 2022
The Biden-Harris Administration announced today the approval of $4.9 billion in additional student loan debt relief for 73,600 borrowers. These discharges are the result of fixes made by the Administration to income-driven repayment (IDR) forgiveness and Public Service Loan Forgiveness (PSLF).
Discover Financial Service’s earnings, released Wednesday (Jan. 17), showed growth in card loans and rising delinquency rates. Chief Financial Officer John Greene noted on a conference call with analysts that, with a nod to credit performance, “charge-offs increased but landed at the low end of our expected range.”
Washington, DC– Today, U.S. Senators Joe Manchin (D-WV) and Tim Scott (R-SC) introduced bipartisan legislation to protect the nation’s state-based insurance regulatory system and ensure the Consumer Financial Protection Bureau (CFPB) does not overstep their statutory authority.
On January 8, 2024, the New Jersey Assembly and Senate passed Senate Bill 332 (S. 332, or the “Act”), and it was signed into law by Governor Phil Murphy on January 16.
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