Student loan collections are officially back—and for borrowers in default, that could mean wage garnishment, tax refund seizure, and even Social Security offsets. This update breaks down what’s changing, what it means for your paycheck, and what you can do now to protect yourself.
The potential abolishment of the Consumer Financial Protection Bureau (CFPB) could drastically change debt collection practices, leaving consumers with fewer protections against predatory tactics. This article explores the role of the CFPB, what might happen if it were dismantled, and what alternatives—if any—could step in to safeguard consumer rights. Stay informed about how this shift could impact financial regulations and your rights as a borrower.
Navigating debt collection can be overwhelming, but understanding your rights and available relief options is empowering. This article breaks down the debt collection process, your legal protections, and practical strategies to regain control of your financial future.
