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College Students Are Low on Credit — Tech Startups Want to Change That
Students used to leave college with two artifacts of their first experiments with credit — free T-shirts and, for better or worse, a credit file. Today they are leaving without either.  more »
"Universities are the new Ellis Island," said Kalpesh Kapadia, chief executive and co-founder of SelfScore, which aims to extend credit to foreign students in the U.S.
A federal judge granted the Federal Trade Commission’s request for summary judgment in the agency’s lawsuit against Amazon Inc., alleging the company billed consumers for unauthorized in-app charges incurred by children. more »
The Department of Education wants to make student loan payments easier through the launch of a single Web portal for federal student loan borrowers. more »
Debt buyer PRA Group (Nasdaq:PRAA), a global firm that acquires and collects nonperforming loans, has named Chris Burroughs as its new chief technology officer. more »
The Ninth Circuit Court of Appeals has rejected an attempt by Allstate Insurance Co. to stop a Telephone Consumer Protection Act class action. more »
A purported nonprofit that allegedly benefitted from a massive landline phone bill cramming operation has agreed to turn over most of its assets in order to settle Federal Trade Commission charges. more »
A U.S. district court has dismissed a class-action lawsuit filed in February 2014 against the Pennsylvania Higher Education Assistance Agency (PHEAA) by student loan debtor Neil Silver. more »
The FTC has published a reminder to debt collectors about Fair Debt Collection Practices Act compliance risks created by the use of social media or text messages in connection with debt collection efforts. more »
The CFPB's annual report to Congress updates the current status of proposed debt collection rules and lists four key themes that emerged from the more than 23,000 comments received after the CFPB’s 2013 debt collection Advanced Notice of Proposed Rulemaking. more »
The Federal Trade Commission, hoping to strengthen cross-border cooperation on anti-spam and Do Not Call enforcement, signed a memorandum of understanding with the Canadian Radio-Television and Telecommunications Commission. more »
VantageScore Solutions announced Thursday the availability of a new white paper analyzing consumer score migration over time and how lenders can use these migrations to optimize decisioning. more »
For financial institutions, there are scary parallels between the IRS' failure to protect sensitive personal information and their own such struggles. more »
For financial institutions, there are scary parallels between the IRS' failure to protect sensitive personal information and their own such struggles. more »

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