Almost 16 per cent of consumers who financed a new car in the fourth quarter have monthly payments reaching that level, up from 10.5 per cent a year earlier, according to data collected by Edmunds, a provider of data on the automotive industry.
The countdown until the student loan payment pause is lifted in June is ticking, and some experts worry that once payments resume, many Americans may dig themselves deeper into credit card debt.
Personal loans and credit card debt reached record levels in 2022 due to financial pressures brought on by high inflation and climbing interest rates, according to third-quarter data from a consumer credit reporting agency.
Attorney General Paxton joined a multistate comment letter to the Federal Communications Commission (“FCC”) to prevent consumers from receiving unwanted, illegal spam text messages.
The CFPB has published its Fall 2022 rulemaking agenda as part of the Fall 2022 Unified Agenda of Federal Regulatory and Deregulatory Actions. The agenda’s preamble indicates that “[t]he Bureau reasonably anticipates having the regulatory matters identified [in the agenda] under consideration during the period from December 1, 2022 to November 30, 2023.”
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