Credit Card Use Dips to 31% of Holiday Shoppers, NRF Says
Less than one-third of Christmas shoppers surveyed said they used credit cards as their preferred payment method so far this holiday season, according to a…
FHA Price Cuts to Save Refinancing Borrowers $3K Annually
The Federal Housing Administration will lower its upfront premiums for mortgage insurance and reduce annual fees for certain borrowers who qualify for streamlined refinancing into…
FTC: Big Debt Buyer to Pay $2.5M for Misleading Consumers
A top consumer debt buyer will pay a $2.5 million civil penalty to settle charges with the Federal Trade Commission that it misrepresented debt owed…
Facebook’s New ‘Safety Center’ Eyes Cyberbullying, Security
Under pressure from privacy and child-protection groups, Facebook has redone and expanded its “Safety Center,” taking input from various organizations to tackle cyberbullying and other…
FTC Halts ‘Robocalls’ Pushing Lower Credit Card Rates
The Federal Trade Commission said it has shut down a “robo-calling” operation that sold phony debit relief services, including claims of significantly lowering credit card…
CFPB to Limit Forced Hazard Insurance by Mortgage Servicers
The director of the U.S. Consumer Financial Protection Bureau said a new rule is forthcoming to prevent most mortgage servicers from imposing charges for hazard…
U.S. Household Debt Hits New High, With Older Borrowers Holding Larger Share
The debt load of U.S. consumers — including credit cards, and auto and student loans — is growing — and fewer are inquiring about taking…
Experts: Obama’s Mortgage-Fix Program is Doomed to Fail
They testified before the House Financial Services Committee, one mortgage industry expert after another, and they all had a similar theme: the Obama Administration’s mortgage…
U.S. Agency Proposes ‘Borrower-Friendly’ Mortgage Servicing
The U.S. Consumer Financial Protection Bureau plans to propose new rules to protect mortgage borrowers from “costly surprises or getting the runaround” from their mortgage…
Student Loan Debt: Some Members of Congress Feel Your Pain Firsthand
From both sides of the political isle, members of Congress know firsthand the burden of growing student loan debt faced by millions of college graduates…
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