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January

19
2023
Industry News

CFPB Report Reveals Increase in Servicemember Identity Theft

Identity theft that results in damaging information on a credit report can cause problems for anybody, but for servicemembers it can result in the loss of a security clearance or even discharge, according to a new report from the Consumer Financial Protection Bureau.

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January

19
2023
Trends

Mortgage rates fall to levels last seen in September

Washington CNN—Mortgage rates fell this week as economic data showed inflation is fading. The 30-year fixed-rate mortgage averaged 6.15% in the week ending January 19, down from 6.33% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.56%.

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January

19
2023
Industry News

The FCC is Cracking Down on Robocall Scammers

Over the last few years, the FCC has been targeting robocallers who are trying to scam Americans. Most recently, the FCC is going after scammers who are using robocalls to trick Americans into giving up personal information or pay a fee to get student loan debt relief.

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January

19
2023
Industry News

For-profit schools appeal student loan cancelation settlement for 200,000 borrowers

Three for-profit colleges appealed to block a settlement that would cancel more than $6 billion in student loans for 200,000 borrowers who applied for a debt discharge because they believed their schools misled them or engaged in other misconduct.

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January

19
2023
Industry News

CFPB Issues Guidance to Root Out Tactics Which Charge People Fees for Subscriptions They Don’t Want

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) issued a new circular affirming that companies offering “negative option” subscription services must comply with federal consumer financial protection law.

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