A presidential memorandum signed Tuesday directs federal agencies to overhaul the way Americans repay their student loans, the latest move in a series of steps the Obama administration is taking to promote college affordability and access. Collection & Credit Risk
In an interview, FHFA Director Mel Watt said there needs to be greater clarity to ensure some entities aren't taking improper advantage of Federal Home Loan Bank membership. News
South Dakota's Senate Commerce and Energy Committee was scheduled to hold a hearing Tuesday on a state Revenue Department proposal to open a state debt collection office. Collection & Credit Risk
Giving roughly 5 million immigrants at least temporary relief from deportation could conceivably ease lenders' and borrowers' qualms about mortgages to undocumented workers who qualify with individual taxpayer identification numbers. News
A Defense Department proposal to strengthen financial protections for military personnel is still too weak, according to attorneys general from 20 states. Collection & Credit Risk
WASHINGTON — The Consumer Financial Protection Bureau is set to go beyond industry expectations when it unveils a long-awaited proposal Thursday that would establish new requirements for prepaid cards. Collection & Credit Risk
Banks and mortgage lenders may have received too much relief from loan buybacks, putting taxpayers at greater risk for losses, according to a Federal Housing Finance Agency inspector general's report. News
WASHINGTON The Consumer Financial Protection Bureau has taken a sweeping approach in using its authority to propose supervision of the largest nonbank auto lenders, unveiling a plan that would effectively cover 90% of the market. Collection & Credit Risk
Whether you’re one of the millions of workers who pay Social Security taxes or the 50 million retired Americans and dependents who receive benefits, it’s good to keep track of your Social Security benefits. National My Social Security Week takes place August 17 to 23 — the perfect time to take a step toward creating an [...]
WASHINGTON -- The Consumer Financial Protection Bureau's proposal to require more data from lenders through the Home Mortgage Disclosure Act has already sharply divided industry and consumer groups. Collections - Other Consumer
