payments

Student loan graphic of graduation cap on hundred dollar bills
College students and others who have student loans are the latest target of IRS impersonators. In this iteration of the ongoing, widespread scam, fraudsters threaten arrest and other penalties unless a nonexistent “federal student tax” is paid immediately.
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The payment methods most favored by con artists because they are hard to trace — and which make it difficult for consumers to recover their money — will be prohibited for all telemarketers, thanks to new requirements by the Federal Trade Commission aimed at curbing financial losses suffered by scam victims.
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Advertisements touting reverse mortgages often leave older consumers confused about the loan terms and unaware of the risks, according to a new report from the Consumer Financial Protection Bureau.
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This post was updated April 21, 2015.
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The Consumer Financial Protection Bureau (CFPB) is proposing new rules to restrict high-cost payday and car-title loans that often leave borrowers in worse financial shape.
Woman being harassed by debt collectors
The latest mask worn by scamming debt collectors is a real slap in the face, given that the con artists pose as the very state agencies that go after them. At least three attorneys general offices (New York, Virginia and Missouri) have recently issued warnings about being spoofed. Impersonating the attorney general or reps of that official, crooks threaten consumers with arrest unless a supposed debt is immediately paid.
AA Age 50+-Did you know
Recent research shows that most African Americans/blacks age 50-plus use financial products, such as checking accounts and savings accounts. But only 1 in 10 use retirement planning products, such as a  401(k) plan or individual retirement account (IRA). Millions of Americans haven’t saved any money for their golden years, and millions of others haven’t saved nearly enough. According to the Federal Reserve, the median balance of retirement accounts totals less than $60,000, and many African Americans/blacks have saved even less.
Benjamin Franklin on $100 Bill Silenced by Debt
Big banks are beginning to cut some slack to distressed student-loan borrowers.
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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.
Student Loans.
So what can Uncle Sam do if you don't repay your federal student loans?
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