Larger Tuition Burden for State Colleges: GAO
A report from the U.S. Government Accountability Office reveals a drop in state funding for public universities is making it tougher for students to pay for college.
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TransUnion’s annual auto loan forecast calls for auto loan debt to continue to rise to $18,244 at the end of 2015. This would mark 19 consecutive quarters of increases. more »
Bidding is over in the first bankruptcy auction to be held at the demand of trust-preferred creditors, but there's no clear winner. more »
A report from the Department of Health and Human Services outlines the affordable options for consumers who use the Health Insurance Marketplace, including detailing savings on premiums for returning consumers who renew or change their insurance plans. more »
ECMC Group's plans to acquire 56 campuses from Corinthian Colleges, a deal that would create the largest nonprofit career-college system in the U.S., has met criticism from lawmakers in a letter sent to the Department of Education. more »
More borrowers are falling behind on their car payments and the total amount of outstanding debt is reaching new high marks, according to Experian's latest report. more »
Daily spending among middle- and lower-income Americans, those with annual household incomes of less than $90,000 a year, increased to $79 in November from $76 in October, according to a new Gallup poll. more »
The pricing of auto loans through dealerships by Toyota Motor Credit Corp., the lending arm of Toyota Motors Corp., could lead to an enforcement action from U.S. authorities, the company said. more »
Outstanding household debt rose by $78 billion in the third quarter compared with the previous three months, to $11.71 trillion, according to the Federal Reserve Bank of New York’s quarterly Household Debt and Credit Report. more »
Corinthian Colleges Inc., the higher-education company accused by the CFPB of fair debt violations, announced Thursday that it has agreed to sell campuses in 17 states to an organization that also came under fire this year for collection practices. more »
A U.S. Treasury Department pilot program involving taking over the collection of defaulted student loan accounts could mean the work eventually will be pulled from private debt collection agencies. more »
DBA International has announced the addition of Helen Mac Murray as its attorney general consultant and Perry Communications Group Inc. as its new public affairs agency. more »
Debt buyer PRA Group on Monday reported third quarter net income increased 8% to $51.2 million on cash collections of $372.7 million, a 28% jump. Revenue in the quarter rose 21% compared to a year ago to $239 million. more »

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