This is an extraordinary piece of reporting from @StacyCowley in tomorrow’s @nytimes.
As life gets more expensive, debt and credit keep families going. One borrower described it as “a hamster wheel.”
And you wonder why everyone hates Trump’s economy?
https://t.co/Ed2LxoQbUV
Good morning to everyone except Jamie Dimon and Donald Trump.
111 million Americans can’t afford to pay off their credit card bill each month.
They are being clobbered by banks charging record high interest rates.
@ChopraUSA explains it all 👇
Trump promised a cap on credit card rates.
Instead, he delivered a giveaway to credit card companies at your expense.
Former CFPB Director Rohit Chopra (@ChopraUSA) explains.
Americans can't keep up with rising costs, going into debt to stay afloat.
A new @Groundwork@BorrowerJustice poll unpacks what it means at the kitchen table-- and the ballot box.
New from me & @EmDiVito today at IN DEBT, a @BorrowerJustice substack.
https://t.co/HcFf3aNXtb
A judge kicked out a Biden-era student debt case because @TheJusticeDept@AGCHanaway tried to jam through a back-room deal to deny borrowers' relief.
This is good news-- if @EDSecMcMahon follows the law.
More at IN DEBT, a @BorrowerJustice substack.
https://t.co/VpoY6OC89X
"There are millions of American families across the country that are really struggling financially to keep up with the rising costs of everyday goods and essentials. And at the same time, research has found, and numerous polling has found, that more and more Americans are having to rely on these credit card products in order to cover these basic necessities." - Aissa Canchola Banez @BorrowerJustice
Struggling with federal student loans or predatory loan servicers? Your member of Congress can help.
Use our Congressional Casework Tool for help submitting a case:
https://t.co/xvAskCt1qI
Right-wing politicians have seized on the historic crush of debt burying families.
Wall Street and Silicon Valley devour the dreams of generations of Americans, cheered on by elites whose only answer to the cost of living crisis is "more debt."
Now that debt is going bad.
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These #Senators are set to VOTE to make devastating cuts that harm students, their families, and the pursuit of the American dream. It’s not too late for they (and their colleagues) to surprise us by backing their constituents who are borrowers, rather than billionaires.
Don’t sleep on the BILLION DOLLAR slush fund for @MOHELA and the rest of the student loan industry, with no guardrails and no strings attached.
This is a kickback to buy off their opposition to gutting financial aid for millions of people and jacking up costs for borrowers.
Don’t sleep on the BILLION DOLLAR slush fund for @MOHELA and the rest of the student loan industry, with no guardrails and no strings attached.
This is a kickback to buy off their opposition to gutting financial aid for millions of people and jacking up costs for borrowers.
This is a phenomenal deep dive into the underbelly of American higher education.
Rogue government contractors, predatory student lenders, fly-by-night training scams— it is open season on students and borrowers in Trump’s America.
Last week, @EdWorkforceCmte#Republicans voted to prioritize BILLIONAIRES over students and borrowers in their Districts. That includes gutting the SAVE plan that lowers monthly bills for borrowers and cutting Pell Grants. See more below: