Last week, in a move intended to lower interest rates on federal student loans, the U.S. House of Representatives passed the Bipartisan Student Loan Certainty Act , which had previously been passed by the Senate.  The Act changes the interest rates for federal student loans other than Perkins Loans made on or after July 1, 2013. … Continue Reading

The CFPB has published a final rule in today’s Federal Register amending Regulation Z (Truth in Lending) to remove fees paid before a credit card account is opened from the scope of the 25% limit on total fees that may be charged during the first year after account opening. The final rule also includes corresponding amendments to the Official Reg Z Commentary.  … Continue Reading