Eric huang

Federal Student Loan Repayment Plans: Options and Updates

Key Takeaways Federal student loan borrowers enrolled in the Saving for a Valuable Education (SAVE) plan will be able to apply for two previously closed repayment plans starting in mid-December. Currently, SAVE plan borrowers are in forbearance and cannot make payments toward loan forgiveness. Borrowers who qualify for the Public Service Loan Forgiveness (PSLF) plan […]

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Biden-Harris Administration Launches Initiatives to Support Small Businesses

The Biden-Harris Administration has announced several new initiatives to support small businesses, expanding access to federal lending and contracting opportunities. These actions are part of ongoing efforts to drive economic growth and equity by fostering small business development in underserved communities. Key Takeaways: – The Whitehouse has announced new initiatives to expand federal support for

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CFPB Sues Comerica Bank Over Alleged Wrongdoings

KEY TAKEAWAYS The Consumer Financial Protection Bureau (CFPB) is suing Comerica Bank. The allegations include deliberately disconnecting customer service calls, charging illegal fees, misleading fraud victims, and imposing illegal terms of service on its Direct Express cardholders. The 3.4 million Direct Express cardholders under Comerica Bank are largely disabled and older Americans who receive monthly

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Donald Trump Appoints David Sacks as White House A.I. & Crypto Czar

President-elect Donald Trump has appointed venture investor and podcaster David Sacks as the ‘White House A.I. & Crypto Czar.’ This appointment signifies the incoming administration’s focus on technology and cryptocurrencies. Sacks, the co-host of the popular ‘All-In’ podcast, will be responsible for guiding policy in Artificial Intelligence and Cryptocurrency, areas deemed critical to the future

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CFPB Distributes $1.8 Billion in Redress to Victims of Credit Repair Scams

If you were affected by illegal upfront fees or allegedly deceptive advertising by credit repair companies CreditRepair.com and Lexington Law, you should receive a refund check between Dec. 5 and Jan. 5. The Consumer Financial Protection Bureau (CFPB) is distributing $1.8 billion in redress for the 4.3 million consumers who had to pay junk fees

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Quarterly Earnings Release Explained

What is a quarterly earnings release? A quarterly earnings release is a document that summarizes and highlights a company’s earnings and other financial information for a three-month period. It generally provides a brief analysis from executives and may include financial statements or other important information for shareholders. Some companies also include an outlook for the

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