CFPB Launches Monthly Reports To Showcase Financial Difficulties In Specific Areas Of The U.S.

CFPB Launches Monthly Reports To Showcase Financial Difficulties In Specific Areas Of The U.S.

Have you ever wondered if people on the other side of the country run into the same difficulties dealing with financial institutions as you do? Well, wonder no more, as the Consumer Financial Protection Bureau announced today that it will provide a peek into the overall state of consumer complaints in the U.S. and how individuals in certain areas deal with companies providing financial products and services through a new monthly series. First up: Milwaukee, WI, and debt collection. [More]

(Phil Jones)

Discover, Wells Fargo To Offer Private Student Loan Modifications

Consumers facing difficulty in paying back their private student loans often have a difficult time receiving any relief from lenders. While some smaller banks have relaxed their repayment terms for good borrowers in the past, two of the nation’s largest private lenders are set to make the same opportunities available to private student loan borrowers. [More]

(royalconstantinesociety)

Discover Settles Lawsuit Over Unsolicited, Prerecorded Phone Calls For $8.7 Million

Because no one loves getting a robocall from a credit card company without first signing up for such a phone call — and let’s face it, who would sign up for that on purpose? — a court has settled a class-action lawsuit against Discover Financial Services for auto-dialing people who definitely didn’t want to be called. [More]