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September

28
2023
Industry News

FTC Acts to Stop Online Business Coaching Scheme Lurn From Deceiving Consumers About Money-Making Potential

The Federal Trade Commission is taking action to stop Lurn, a Maryland-based online business coaching seller, from making unfounded claims that consumers can make significant income by starting an array of online businesses

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September

28
2023
Industry News

FCC Adopts Rules to Prevent Access to Phone Numbers by Illegal Robocallers

The Federal Communications Commission has adopted rules that would strengthen and modernize its requirements for Voice over Internet Protocol (VoIP) providers to obtain direct access to telephone numbers, according to news release (PDF).

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September

28
2023
Industry News

CUNA, NAFCU provide updates on merger website

CUNA and NAFCU’s websites are updated with recent developments related to the proposed transformation to America’s Credit Unions. Now available are the 2022 financial statements for both organizations, a video of Jim Nussle’s conversation at NAFCU’s 2023 Congressional Caucus where he laid out his vision for the new organization, and refreshed FAQs.

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September

28
2023
Trends

Average Payments for New Home Loans Rose 46% in 2022, CFPB Finds

(Bloomberg) -- The average monthly payment for new mortgages increased 46% in 2022 as interest rate hikes squeezed US home borrowers, according to the Consumer Financial Protection Bureau.

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September

28
2023
Industry News

Student loan payments are about to drain $8 billion a month from consumers, and spending will start contracting early next year

Student loan payments resume next month, draining billions of dollars a month from consumers, who will start pulling back sharply on spending, Fitch Ratings forecast in a Wednesday report.

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