Elizabeth Warren and other U.S. senators sent letters grilling the nation’s major credit bureaus after a ProPublica investigation revealed two of the companies were fixing fewer consumers’ credit reports under the Trump administration.
#News #Credit #Finance #PersonalFinance #Consumer #Trump #Government
More than a dozen borrowers told the Tennessee Lookout and ProPublica that Advance Financial encouraged them to borrow more money after making minimum payments.
The lender went on to sue them once they couldn’t pay back the loan.
https://www.propublica.org/article/flex-lenders-reborrow?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
Many of the same Republican lawmakers who have targeted the Consumer Financial Protection Bureau for cuts have collectively directed thousands of constituents’ complaints about banks, credit cards, loans and other products to the agency.
#News #GOP #Consumer #PersonalFinance #USPolitics #Government
Before Tom Dundon Agreed to Buy the Portland Trail Blazers, Oregon Accused the Company He Created of Predatory Lending
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In 2020, the state sued Santander Consumer USA for allegedly preying on Oregonians through high-interest car loans they couldn’t afford in a case involving more than 265,000 borrowers nationwide.
https://www.propublica.org/article/tom-dundon-portland-trail-blazers-subprime-loans?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
NEW: How Tennessee’s Speaker of the House Helped Keep a Payday Lender’s Struggling Sports Gambling Company Alive
Cameron Sexton took steps that allowed the owners of a payday lending company, Advance Financial, to keep using their stores to boost a now-defunct online sports betting enterprise.
https://www.propublica.org/article/tennessee-sports-gambling-action247-loans
#news #tennessee #gambling #government #personalfinance #sports
Under the Trump administration, two of the three major credit bureaus have sharply reduced the share of complaints they resolved in customers’ favor.
In 2024, Experian’s relief rate was 20%. Last year, that figure fell to less than 1%.
Read our full investigation: https://www.propublica.org/article/credit-report-mistakes-cfpb-experian-transunion?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
#Data #Finance #PersonalFinance #Credit #Trump #DataViz #Research #Journalism
#Introduction Hello all! https://freedomisntfree.co.uk is a UK personal finance resource site with articles, guides, tools, calculators and a free personal finance curriculum.
The editorial voice is left-leaning, trying to educate people on the structural traps that keep them poor and how to navigate their way to financial independence.
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President Trump wants 401(k) plans to invest more in private equity, real estate and cryptocurrency.
Here’s how a proposed rule change from the Labor Department could affect your 401(k) plan.
https://www.propublica.org/article/401k-retirement-plan-fees-funds?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
#News #Trump #WhiteHouse #Retirement #Finance #PersonalFinance #WallStreet #Business
NEW: Wall Street Wants to Change the Rules for Your 401(k). It Could Put Your Retirement at Risk.
Financial firms want a bigger piece of the $10 trillion in America’s 401(k) plans, and the Trump administration is planning a regulatory rollback to encourage less-regulated — and often riskier — investments.
https://www.propublica.org/article/401k-retirement-investment-plan-risk-trump?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
#News #WallStreet #Finance #PersonalFinance #Investment #Trump
