I will admit I was surprised to hear the Federal Reserve Chairman Jerome Powell provide testimony that student loan debt should not be protected in bankruptcy. As part of Powell’s testimony to the Senate Committee on Banking, Housing, and Urban Affairs on March 1, 2018, he expressed concern student loan debt is a drag on …
A new report out today from the Federal Reserve Bank of San Francisco makes a conclusion is apparently obvious to those of familiar with how the consumer debt relief world works, without a flood of available credit, consumers are not going to drive the economy forward. “A key ingredient of an economic recovery is a …
By Ron Robins, Founder & Analyst – Investing for the Soul If US consumers believe it difficult to borrow now, just wait! In the next few years credit conditions are likely to go back seventy years when private debt was difficult to obtain. Most Americans intuitively believe there is too much debt at every level …
Overdraft “protection” as we know it in America will make a positive change August 15, 2010. Considering to protect something means to cover or shield from exposure, injury, damage, or destruction, overdraft “protection” is anything but that. I view it as one of those “convince” fees. Let’s just call it what it is: a service …