Borrowers struggling to repay private student loans say they have little choice but to default because lenders won’t revise payments to make them affordable, according to a new report by the Consumer Financial Protection Bureau.
AT&T Mobility will refund $80 million to customers for billing them for horoscopes and other mobile services they didn’t order, federal and state regulators announced today.
As boomers move into their late 60s and beyond, the country is likely to experience a growing number of individuals with dementia who have difficulty managing their financial affairs.
The Consumer Financial Protection Bureau wants to extend its oversight to large nonbank auto-finance companies to make sure they are not discriminating against consumers.
Though a small percentage of older Americans carry student loans, those who do are incurring this debt faster, have a higher default rate and, as a result, can find themselves living in poverty in retirement, according to a new report from the U.S. Government Accountability Office.