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January

8
2024
Industry News

New law to protect Minnesotans from Predatory Payday Lending Practices Goes into Effect

St. Paul, Minn. – Predatory payday loans are a thing of the past in Minnesota thanks to recent law change that into effect on January 1. The new law, a result of legislation authored by Senator Judy Seeberger (DFL-Afton), will cap the interest rates on these loans to help prevent Minnesotans from falling into debt traps.

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January

8
2024
Trends

FTC Issues Biennial Report to Congress on the National Do Not Call Registry

The Federal Trade Commission issued its biennial report to Congress on the National Do Not Call (DNC) Registry that shows the number of consumers who have placed their telephone numbers on the Registry over the past two years has reached more than 249 million.

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January

8
2024
Industry News

56 million credit cardholders have been in debt for at least a year, survey finds

Although Americans helped stave off a recession in 2023 by spending enough to propel economic growth, it has come at a cost: Nearly half of consumers say they are carrying credit card debt, according to a new survey from Bankrate.

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January

5
2024
Industry News

Securityplus Federal Credit Union Named TOP Credit Union in Maryland, Earning Coveted Spot on Newsweeks' List of America's Best Regional Banks and Credit Unions

BALTIMORE, Jan. 5, 2024 /PRNewswire/ -- Securityplus Federal Credit Union, a trusted financial institution serving the greater Baltimore community, announces its recognition by Newsweek as one of America's Best Regional Banks and Credit Unions for 2024, earning the #10 ranking overall and proudly standing as the #1 ranked credit union based in Maryland.

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January

5
2024
Industry News

CFPB Report Identifies Challenges Faced by Borrowers in Resumption of Student Loan Payments

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) published an issue spotlight today on the CFPB’s oversight of student loan servicing practices in the early months of the resumption of federal student loan repayments after over three years of a payment pause due to the COVID-19 emergency.

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