If you can’t leave home or travel to a funeral provider right now due to the pandemic, you can get information about what it offers — and how much those goods and services cost. The Funeral Rule says funeral homes must give you information over the phone.
Santander Consumer USA Inc. agreed Tuesday to pay about $550 million or more to consumers nationwide to resolve charges that its subprime lending practices exposed them to high levels of risk with auto loans that had a high likelihood of default.
A consolidated website providing information for consumers on mortgage and rent relief during the covid-19 pandemic is now available. The site will make it easier for consumers to get current information about their options.
Seven in 10 people rely on peer-to-peer payment apps to transfer money in a quick and easy manner, according to an AARP survey. It also found that about half believe they’re able to reclaim money sent in error.
In a class action lawsuit filed against the U.S. Department of Education and Secretary Betsy DeVos, student borrower groups are asking the department to stop garnishing student borrowers’ wages. The CARES Act prohibits the department from garnishing wages through Sept. 30, 2020.
Last February, the Consumer Financial Protection Bureau proposed new rules that would roll back key provisions of the CFPB’s 2017 Payday Rule, which enacted modest protections for borrowers. The roll backs proposed were set to be finalized by the end of April 2020.
If you lose a loved one and need to arrange for funeral services in the coronavirus pandemic era, be sure to find out your rights as well as to compare prices. For example, rules may be changing for cremation and burial.
Progressive Leasing will pay $175 million to settle Federal Trade Commission charges it misled consumers about the price of items purchased through its plans. The company markets rent-to-own payment plans at more than 24,000 retail locations.
If you’re unable to make your mortgage payments due to the pandemic, you could lose your home to foreclosure. Federal lenders and some private lenders are offering borrowers temporary help, such as stopping or delaying foreclosure or modifying the mortgage.
