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After a yearslong fight between the government and student loan debt relief scammers, the Federal Trade Commission said it is processing over $4 million in refunds to student loan borrowers.
The Fair Credit Billing Act (FCBA) is a United States federal law passed during the 93rd United States Congress and enacted on October 28, 1974 as an amendment to the Truth in Lending Act (codified at 15 U.S.C. § 1601 et seq.) and as the third title of the same bill signed into law by President Gerald Ford that also enacted the Equal Credit Opportunity Act.
Student loans account for 96% of education debt in the U.S. As people look for ways out of this debt -- especially those with high debt amounts -- pervasive and damaging student loan myths can ...
And 47.9 million borrowers have student loan debt. While paying back student debt can be daunting — especially if it reaches $100,000 — there are steps borrowers can take that may alleviate ...
Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows that access to student loans increases credit-constrained students' degree completion, later-life earnings, and student loan repayment while having no impact on overall debt. [3]
The Red Flags Rule was created by the Federal Trade Commission (FTC), along with other government agencies such as the National Credit Union Administration (NCUA), to help prevent identity theft. The rule was passed in January 2008, and was to be in place by November 1, 2008, but due to push-backs by opposition, the FTC delayed enforcement ...
A three-year pause on student loan payments will end this summer regardless of how the Supreme Court rules on the White House plan to forgive billions of dollars in student loan debt.
A 2015 study released by the Federal Trade Commission found that 23% of consumers identified inaccurate information in their credit reports. [6] Under the Fair and Accurate Credit Transactions Act (FACTA), an amendment to the FCRA passed in 2003, consumers are able to receive a free copy of their consumer report from each credit reporting ...