Educational News

TransUnion cyber attack – hackers demand R225 million ransom

Source-site Credit reporting agency TransUnion South Africa is currently in an ongoing battle with a hacker group demanding a $15 million (R225 million) ransom over four terabytes of compromised data. The hacker group, going by the name N4aughtysecTU, which claims…

Student loans will now take 40 years to repay

Source-site A stealth tax on students in England, said Labour of the government’s planned reforms of student financing, and that is indeed what it amounts to. A complicated one, for sure, with some sugar to help the medicine go down. Annual fees will…

CFPB Updates Exam Procedures for Remittance Transfers

Source-site On February 14, the Consumer Financial Protection Bureau (CFPB) updated its Supervision and Examinations Manual to reflect changes it made to the Remittance Transfer Rule (Rule) in a final rule published on June 5, 2020. The changes made to Subpart B of Regulation…

CFPB Zeroes In On Auto Lending Market

Source-site In a new blog post today, the CFPB signaled that it intends to increase its focus on the auto lending market. The bureau noted that prices for new and used cars have increased significantly over the last year, and that “we…

CFPB Issues Request For Information Regarding Junk Fees

Source-site On January 26, 2022, the Consumer Financial Protection Bureau (CFPB) issued a Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products or Services (RFI). In the RFI, the CFPB seeks public feedback regarding fees that are…

CFPB highlights changes in VA medical debt credit reporting practices as precedent for broader healthcare industry

Source-site In a blog post, the CFPB reported that the Department of Veterans Affairs (VA) has announced a change to when it will report information on outstanding medical bills to consumer reporting companies. Under the new VA rule, the VA…

Democrats Want Student Loans Cancelled, But Twitter Claps Back

Source-site Democrats tweet that student loans should be cancelled, but opponents say student loan forgiveness has major problems. Here’s what you need to know. Student Loans Another week and another day in which a progressive member of Congress tweets at…