Rep. James Clyburn, chair of the House Select Subcommittee on the Coronavirus Crisis, asked the CFPB to investigate Experian, Equifax and TransUnion for allegedly failing to address consumer disputes during the pandemic.
FRANKFORT, Ky. (October 17, 2022) – Attorney General Daniel Cameron today issued a consumer alert warning Kentuckians of possible student loan scams following beta testing of the federal student debt relief application. Kentuckians should report suspected scams to ag.ky.gov/scams.
Lower inventories, higher prices and reduced demand, among other factors, are central to some of the changing dynamics in the auto finance market, resulting in a rise in auto loan delinquency rates. A new TransUnion (NYSE: TRU) study, “A Critical Eye on Auto Performance,” found that despite an increase in serious auto loan delinquencies, consumers possessing multiple credit products continue to value auto loans nearly as much as mortgages, and much more than their credit cards.
New York Gov. Kathy Hochul signed legislation, S.B. 7862B, last week waiving the 22% collection fee on student-related debt. The legislation passed both the Assembly and Senate with wide margins in June. The legislation was then delivered to the governor and signed into law on Oct. 12.
New Jersey State Representative Paul Moriarty (D - Camden and Gloucester) has formally proposed a new bill to prohibit auto manufacturers and dealers from offering subscriptions for vehicle features if the components necessary for that feature are already installed on the vehicle at the time of sale.
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