{ }
Student loan borrowers may face significantly higher payments if the Trump administration rolls back the Biden-era SAVE plan, which was designed to halve monthly bills for millions. With SAVE already suspended due to legal challenges, experts warn that borrowers could see their payments double, leading to increased financial stress. Nearly a third of borrowers have already reported sacrificing essentials due to their current debt obligations.
Elon Musk has called for the elimination of the Consumer Financial Protection Bureau (CFPB), arguing that there are too many overlapping regulatory agencies. His comments come amid a renewed threat to the CFPB under President-elect Donald Trump, a long-standing target for Republicans and business groups.
Student loan servicers are facing scrutiny for pulling incorrect payments from borrowers" accounts, with some experiencing unauthorized debits or overcharges. While automatic payments can offer a slight interest rate discount, experts advise borrowers to set up bank alerts and contact their servicer immediately for refunds if errors occur. The Consumer Financial Protection Bureau has reported that some borrowers have waited months or years for refunds, highlighting the need for vigilance in managing student loan payments.
US banks are now required to provide customers access to their financial data, following a new rule from the Consumer Financial Protection Bureau. This open banking measure allows consumers to demand, download, and transfer their data for free, promoting competition among financial service providers. CFPB Director Rohit Chopra emphasized that this initiative aims to enhance consumer choice, lower loan costs, and improve overall services.
As the 2024 presidential election approaches, healthcare remains a pivotal issue, with costs soaring to $4.5 trillion, representing 17.3% of GDP. Candidates are addressing medical debt, with 20 million Americans owing $220 billion; Vice President Harris proposes measures to alleviate this, while former President Trump focuses on reducing insurance premiums and improving price transparency.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.