Colorado borrowers among those facing federal collection powers as payments resume

Jack Wallace, Director of Government and Lender Relations at Yrefy, said the financial picture for American consumers is concerning.

“The American consumer is not in good shape today,” Wallace said. “We have over 1.8 trillion in student loans. Auto debt is over 1.5 trillion. Credit card debt is back up. It’s up to 1.3 trillion.”

  • HulkSmashBurgers@reddthat.com
    11·
    2 months ago

    Remember when Biden tried to forgive student loan debt entirely which was then overturned by the courts, tried to make adjustments and was again overturned by the courts, wash rinse repeat.

    Pepperidge farm remembers.