With payments from federal student loans paused since the CARES Act ended in March, millions of lenders saw their federal direct student loans automatically go into overdraft – and increase their credit scores. In fact, according to a new report from the Federal Reserve Bank of New York, the average …
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On Saturday, President Donald Trump signed a series of executive orders and memoranda, through preliminary negotiations in Congress, calling for an extension of pandemic relief for tens of millions of Americans. One memorandum – probably the least controversial – proposes Education Secretary Betsy DeVos to proceed with deferring student loan …
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Consumers are being rejected for all kinds of financial products, from personal and auto loans to credit cards. The Wall Street Journal, using data from Equifax, reports that credit card approvals totaled 483,000 in the week ending May 10, compared to 856,000 in the week ending March 22. Compared to …
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