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DBO Student Loan Consumer Advisory

To protect themselves from unaffordable repayment plans and damage to their credit score, it’s important for student loan borrowers to be familiar with all of the repayment options available to them. When they are approved for a student loan, borrowers… Continue Reading

CFPB Report on Student Loan Debt Highlights Challenges for Older Consumers

In May 2015, the Consumer Financial Protection Bureau launched an inquiry into student loan servicing practices. In light of the increasing number of older Americans paying back student loan debt, they asked to hear about how it’s affecting older consumers.… Continue Reading

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CFPB: Snapshot of Older Americans and Mortgage Debt

CFPB: Snapshot of Older Americans and Mortgage Debt The CFPB has been tracking the increasing levels of debt among older Americans. Today, older homeowners are carrying more mortgage debt than ever before. For many of the roughly 4.4 million retired homeowners… Continue Reading

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Confused About Credit? Get Answers Here. NFCC and USA Today Partner to Host Weekly Twitter Chats

Confused About Credit? Get Answers Here. Hey, Millennials, ever wondered what a credit score means and why it matters? Or how your significant other’s finances could affect your future together? What about protecting yourself from fraud? And do we really… Continue Reading

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Older Americans Month Guest Blog: The State of Older Americans and Savings

The State of Older Americans and Savings Older Americans Month – May By Katie Bryan, America Saves Communications Manager The numbers are shocking. • In 2012, the average credit card debt among adults aged 65+ was $9,283 (Demos). • One-third… Continue Reading

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Workshop in San Francisco – Understanding the Life Cycle of Debt

Understanding the Life Cycle of Debt The SF Smart Money Network (SF-SMN) will be hosting a professional development workshop on Debt Management and Understanding the Life Cycle of Debt.  Many consumers find themselves trapped in a cycle of debt and… Continue Reading

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Webinar: Innovations in Paying Down Debt: Lessons from Borrow Less Tomorrow (BoLT)

Register Today for Innovations in Paying Down Debt: Lessons from Borrow Less Tomorrow (BoLT) Tuesday, January 17, 1-2 p.m. EST (10:00 am in California) CFED and NeighborWorks America will discuss the Borrow Less Tomorrow (BoLT) Program, a behavioral approach to helping… Continue Reading

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Comment on the CFPB’s Financial Aid Shopping Sheet

The CFPB has prepared a financial aid shopping sheet, a “thought starter” as they describe it – an example (not a proposal) of how schools might improve the information they present to prospective students and their families. They want to know what… Continue Reading

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Co-signing on campus? – CFPB Blog

The following was posted to the CFPB Blog recently and has great information about credit and the issue of co-signers and co-signing, written specifically for college students. Co-signing on campus? Credit card issuers and private student lenders have long had a… Continue Reading