July 3, 2025

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Loans

Consumer Headlines: Student loans, toy price hike and Weight Watchers bankruptcy

The News10NBC Team details breaking News, Traffic and Weather. ROCHESTER, N.Y. – The Trump administration has resumed collection efforts on student loans, affecting those in default sooner than expected. Collection efforts had been paused for about five years, but now federal benefits could be withheld as early as next month if borrowers do not arrange

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How to Avoid Wage Garnishment in 2025

The federal government has resumed collections on defaulted student loans, and nearly 200,000 borrowers could soon see wage garnishment, tax refund seizures, and even Social Security offsets. After a five-year pause, aggressive collection actions are officially back, putting many Americans’ financial stability at risk. If you have federal student loans in default, time is critical

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Rep. Huizenga moves to make auto loans tax deductible

The impact and history of autos in Detroit, The Motor City Here are some facts about Detroit’s auto industry. Rep. Bill Huizenga introduced the Made in America Motors Act, proposing a tax deduction on interest paid on U.S.-assembled vehicle loans. The proposed deduction allows up to $2,500 per year for vehicles under 14,000 pounds purchased

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Education Secretary Linda McMahon on Harvard, student loans and the future of education

00:00 Speaker A Now, finance continues its coverage here at the Milken conference in California. Of course, education very much in focus here on the ground. I had a great conversation with Apollo Global Management CEO Mark Rowan. Said saying he would like to see changes to higher education. Of course, I also had a

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Loans

Bitcoin Payments Company Strike Launches BTC-Backed Loans

In brief Payments service Strike allows customers to buy, sell, and trade Bitcoin. The company is now giving loans to eligible customers who use their Bitcoin as collateral. Eligible U.S. customers can get 12-month loans starting at a minimum of $75,000, and capped at $2 million. Bitcoin-backed loans are now available for Strike’s American customers,

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Loans

Interest rates for loans, mortgages aren’t falling. See when they might

If you’re wondering when interest rates on credit cards and car loans will start falling again, don’t hold you breath this week when the Federal Reserve’s policy committee meets. Interest-rate traders see little chance that the Fed will lower interest rates at the end of Wednesday’s meeting or the following one. That means Americans won’t

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Loans

DOE seeks market value of clean energy loans

The Department of Energy is working with Bank of America to evaluate the market value of its clean energy loans, according to DOE officials, a move that could signal interest in selling the loans and mark a major shift for the federal government. DOE political appointee Travis Boeker requested a meeting with Bank of America

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Loans

Nerves frayed as Utah student loans in default are once again due

SALT LAKE CITY — Collections for student loans resumed on Monday, and for those who haven’t made a payment in more than 360 days, the Department of Education says your loans may be in default. More than 5 million borrowers are in default according to the Trump Administration, with their collections having been paused since

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Loans

Scams Promising To Get Your Student Loans Forgiven or Out of Collections Are on the Rise. How to Spot Them

Getty Image/Zooey Liao/CNET All of the confusion surrounding higher student loan payments and wage garnishment has experts warning borrowers to beware of scammers preying on your desperation. Elaine Rubin, a student loan policy expert, says borrowers should be on high alert for student loan scams offering to lower their payments, get their debt canceled or make sure their wages

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Loans

FSA to require DOGE approval for larger loans

Ryan Hanrahan  |  Farmers’ Advance ‘May Day’ protests push back against Trump administration policies “May Day” protesters across the U.S. rallied against President Donald Trump’s policies and billionaire Elon Musk’s influence over the White House. Reuters’ Leah Douglas and P.J. Huffstutter reported that “farm loan employees at the U.S. Department of Agriculture’s Farm Service Agency will

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