New policy memo from former CFPB Supervision Chief outlines path to modernize state oversight of regulated financial firms.
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Report comes as state-based private lending industry ramps up efforts to weaken transparency and bypass anti-corruption rules set by Congress to protect students.
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Today, the Trump Administration announced it would break with more than a decade of precedent and suppress the publication of information submitted to the Consumer Financial Protection Bureau (CFPB) from Americans about problems they encounter across the financial marketplace.
Measure helps schools promote state-backed private lenders with long history of scandals and aggressive debt collection practices, without ensuring the products are in best interest of students.
Credit panel analysis finds monthly utility bills reach record highs, with 10 states seeing bills jump over 20% under Trump; Average overdue utility balance climbs to over $800, a 8.2% increase.
Effort invites Americans to submit their new monthly student loan bills, and share how skyrocketing costs are affecting their finances.
New poll finds that supermajority of voters supports government action to rein in predatory BNPL industry, Protect Borrowers calls on policymakers to take action.
Court sides with broad coalition, blocking unlawful effort to punish perceived political opponents.
Bipartisan bill would cap interest rates on federal student loans at 2%.