The U.S. House Judiciary Committee approved legislation authored by Rep. Nydia M. Velázquez (D-NY) aimed at extending to firms working on Puerto Rico’s debt restructuring the same disclosure requirements that apply to companies involved in other bankruptcies. The bill, H.R. 683, is meant to address instances where companies consulting for Financial Oversight and Management Board for Puerto […]
What do Millennials, Gen Xers and Baby Boomers have in common? Not much, except that they all rack up debt this time of year. With each generation having its unique financial issues, Consolidated Credit is offering specific advice. Consolidated Credit analyzed four years of debt management program data and found that Millennial enrollments are at an […]
Baby boomers in Puerto Rico have the lowest personal loan balances, carrying an average of $10,158 in the second quarter of 2019, according to data released by consumer and business credit reporting and marketing services firm Experian data. “While this balance is still twice the national average held by Generation Z, it’s 38% less than […]
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