Educational News

The Israeli Addiction To Credit Cards

Caroline Haïat (Digital Journalist), July 23, 2022 The widespread price hike in Israel does not seem to have an effect on citizens’ consumption – On the contrary, Israelis continue to heat up their credit cards, breaking a new record for…

NYC levies huge fines against car dealers, cites 7,000 consumer violations

CHRIS TEAGUE, July 22, 2022 There’s never been a worse time to buy a new or used car, but some dealers have gone out of their way to make the experience even more excruciating. There are markups, dealer add-ons, inventory issues, vehicles…

Navient Ordered to Stop Collections on Discharged Student Loans

Source: site A bankruptcy judge ordered student loan servicer Navient Corp. to suspend its efforts to collect payments from borrowers of certain private student loans who filed for bankruptcy and whose debts were likely eligible for a discharge. Judge Elizabeth Stong…

Half Of Americans Support Biden Forgiving $10,000 In Student Loans, Poll Finds

Source: site A new poll shows 51% of Americans support the idea of President Joe Biden canceling $10,000 of student loan debt for each borrower, illustrating how split the public is regarding one of the president’s early campaign promises. Key Facts…

The Biden Administration’s Proposed Policy To Reduce Student Debt Is Only Going To Make the Problem Worse

Source: site On Wednesday, the Biden administration announced it was proposing new regulations for student loans owned by the Department of Education. The proposed rules call for an $85 billion expansion of existing federal student loan forgiveness programs. They would expand eligibility for programs created…

Biden’s Education Department Proposes $85 Billion In New Student Loan Cancelations

Source: site Discussion about whether President Biden will forgive $10,000 in student loans for all borrowers dominates headlines. But behind the scenes, Biden’s Department of Education has canceled tens of billions of dollars by turbocharging existing loan forgiveness programs. A set of proposed…

Walmart Hits Back At FTC’s Fraudulent Money Transfer Suit

Source: site Walmart (WMT) has been sued by the Federal Trade Commission (FTC) for allegedly allowing millions of dollars in fraudulent money transfer services, but the retail giant has slammed the suit, claiming it is “unfounded” and “ignores the billions” it has saved customers. In its…

CFPB Moves To Reduce Junk Fees Charged By Debt Collectors

Source: site CFPB Moves to Reduce Junk Fees Charged by Debt Collectors Advisory opinion explains that most “pay-to-pay” fees charged by debt collectors violate federal law WASHINGTON, D.C. (June 29, 2022) — Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory…

Travis Credit Union to offer free youth financial education at Diablo Valley College

Source: site Adulting can be challenging when it comes to finances. That’s why Travis Credit Union (TCU) is offering an in-person Mad City Money Youth Financial Boot Camp, designed to prepare the next generation with personal finance skills for the workforce.…

About 2 million people are about to get a new student loan servicer

Source: site About 2 million federal student loan borrowers, many of whom are seeking debt relief from the Public Service Loan Forgiveness program, will get a new federal student loan servicer as soon as early July. FedLoan – an arm of…