Lawmakers Push Bill Allowing Student Debt to Be Discharged in Bankruptcy

Rep. John Delaney, D-Md., introduced bipartisan legislation Friday to allow student debt to be discharged in bankruptcy. The Discharge Student Loans in Bankruptcy Act (H.R. 2366) reforms federal bankruptcy rules…

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What You Should Know About Online Lending Services

You’ve seen the commercials. You need money, and these websites can give it to you, often within 24 hours and without a credit check. Should you take the offer? Common sense…

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Payday Loans in Alabama could soon be much tougher to get

Too many borrowers seeking a short-term cash fix are saddled with loans they cannot afford and sink into long-term debt,” said CFPB Director Richard Cordray. “By putting in place mainstream, common-sense…

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