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Debt

Federal Trade Commission (FTC)
National

FTC Shuts Down Credit Card Relief Scheme

December 4, 2022December 4, 2022 - by MyChesCo

The FTC recently announced that it has temporarily shut down a credit card debt relief scheme operated by Sean Austin, John Steven Huffman, and John Preston Thompson and their affiliated …

FTC Shuts Down Credit Card Relief Scheme Read More

money
Pennsylvania

Pennsylvania Borrowers to Receive More Than $1.5 Million in Refunds

October 15, 2022October 15, 2022 - by MyChesCo

PENNSYLVANIA — Attorney General Josh Shapiro recently announced a settlement with Kevin Williams and Mark Williams, owners of Dominion Management of Delaware, which operated as CashPoint, a now defunct auto …

Pennsylvania Borrowers to Receive More Than $1.5 Million in Refunds Read More
Consumer Financial Protection Bureau (CFPB)
National

CFPB Exam Reveals Illegal Collection Tactics by Student Loan Servicers

October 3, 2022October 3, 2022 - by MyChesCo

The Consumer Financial Protection Bureau (CFPB) recently released a special edition of Supervisory Highlights on recent examination findings covering the practices of student loan servicers, and schools that lend to students …

CFPB Exam Reveals Illegal Collection Tactics by Student Loan Servicers Read More

Tom Wolf
Pennsylvania

Gov. Wolf: More Than 1.7 Million Pennsylvanians Eligible for Relief on Student Loans

October 2, 2022October 2, 2022 - by MyChesCo

PENNSYLVANIA — Governor Tom Wolf announced Friday that more than 1.7 million Pennsylvanians are eligible for the Biden Administration’s student debt relief plan.

Gov. Wolf: More Than 1.7 Million Pennsylvanians Eligible for Relief on Student Loans Read More
Money
National

U.S. Department of Education: Biden’s Student Debt Plan Will Cost $30 Billion a Year

October 1, 2022September 30, 2022 - by MyChesCo

The Biden-Harris Administration’s plan to cancel up to $20,000 in student debt for eligible borrowers will cost an average of $30 billion a year over the next decade, according to …

U.S. Department of Education: Biden’s Student Debt Plan Will Cost $30 Billion a Year Read More

wages
Personal Finance

The Rapid Growth of the ‘Buy Now, Pay Later’ Industry: Here’s What You Need to Know

September 17, 2022September 17, 2022 - by MyChesCo

The Buy Now, Pay Later industry is booming, and the Consumer Financial Protection Bureau (CFPB) has just released a report detailing what you need to know about it. The report, …

The Rapid Growth of the ‘Buy Now, Pay Later’ Industry: Here’s What You Need to Know Read More
student loan debt
National

Toomey Criticizes Biden’s Decision to Force Taxpayers to Pay for Student Debt Cancellation

August 25, 2022August 25, 2022 - by Maryann Pugh

Senator Pat Toomey is speaking out against the Biden Administration’s decision to cancel student debt. Under the new plan, taxpayers will be responsible for paying off up to $20,000 in …

Toomey Criticizes Biden’s Decision to Force Taxpayers to Pay for Student Debt Cancellation Read More

money
Pennsylvania

Biden’s Loan Forgiveness Plan Slammed by PA SRCC

August 25, 2022August 25, 2022 - by Maryann Pugh

PENNSYLVANIA — President Joe Biden yesterday announced a new plan to provide loan forgiveness for as much as $10,000 or $20,000 in student loan debt for millions of borrowers. This …

Biden’s Loan Forgiveness Plan Slammed by PA SRCC Read More
Federal Trade Commission (FTC)
National

Debt Relief Scam Victims Get Money Back from FTC

August 22, 2022August 21, 2022 - by MyChesCo

WASHINGTON, D.C. — The Federal Trade Commission is reportedly sending 14,521 checks totaling more than $822,000 to borrowers who lost money to a student loan debt-relief scheme that operated under …

Debt Relief Scam Victims Get Money Back from FTC Read More
Consumer Financial Protection Bureau
National

CFPB Seeks Ban Against Operator of Student Loan Debt Relief Scam Reboot

June 14, 2022June 13, 2022 - by MyChesCo

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently took action against the owner of a student-loan debt relief company for allegedly withdrawing hundreds of thousands of dollars from …

CFPB Seeks Ban Against Operator of Student Loan Debt Relief Scam Reboot Read More

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