WASHINGTON–The U.S. Department of Education has confirmed that borrowers who are eligible for federal student loan debt cancellation and who made student loan payments on their loans during the COVID-19 payment pause will automatically receive a refund on any amount of money they paid, up to the amount of cancellation for which they are eligible.
Fresh Today
WASHINGTON–Following the release last week by the Biden Administration of a new “digital assets framework,” the Independent Community Bankers of America (ICBA) has released a new survey indicating consumers “support a regulatory framework for digital assets and are skeptical of the creation of a U.S. central bank digital currency.”
COLUMBUS, Ohio—In what may be an indicator of a growing problem within the buy now, pay later space, BNPL giant Klarna has experienced large losses this year.
WASHINGTON—The Federal Trade Commission has joined the Consumer Financial Protection Bureau in filing an amicus brief in a case in an appeals court that seeks to overturn a lower court’s decision that could create an exception to the Fair Credit Reporting Act (FCRA).
LAWRENCEVILLE, Ga.—With electric cars (EVs) growing in acceptance and sales, a new tool is available to help consumers and lenders better understand the range (mileage capability on one charge)—and value—of each EV model.
PURCHASE, N.Y.—Consumers’ use of digital payment forms continues to climb globally, according to a new study.
WASHINGTON–The Federal Reserve’s Open Market Committee will kick off its two-day meeting today at which it is widely expected to raise rates before it adjourns on Wednesday.
WASHINGTON–The federal government is significantly beefing up its enforcement around digital assets and crypto.
WASHINGTON–A version of the Credit Card Competition Act, to which credit unions are strongly opposed, has been introduced in the House. In the Senate, meanwhile, legislation that credit unions support has also made its debut.