Plain-language articles on credit reports, disputes, consumer rules and business credit. Educational only, not legal advice.
Source: Shutterstock. A settlement has been reached over a lawsuit brought by the $4.1 billion Municipal Credit Union and the NCUA against CUMIS Insurance Society after it refused to pay a $9.8 million interim insurance claim to cover…
Charlene Crowell By Charlene Crowell In recent years, consumer finance protections withered through a series of harsh attacks that either outright rejected or significantly diminished financial guard rails…
Department of Education announced an additional $55.6 million of student loan debt canceled Friday. Biden administration has now canceled $1.5 billion of student loan debt. The…
Americans Are at Least $27.6 Billion in Debt to Courts By Walker Bragman States and municipalities are increasingly relying on court fees as revenue streams, creating…
The case was brought by shareholders of Fannie Mae and Freddie Mac, who said the law that created the agency was unconstitutional. WASHINGTON — President Biden…
We’ve written before about the problem of credit invisibility, which is when a consumer does not have a credit score. Millions of consumers are credit invisible…
Credit cards are often vilified for their high interest rates, which can be very costly to consumers who carry a balance from month to month rather…
Congress is considering multiple new bills that could dramatically overhaul credit reporting for private student loan borrowers and other consumers. One bill, the Comprehensive Consumer Credit…
Americans seem to be regaining an appetite for auto loans and leases, credit cards and personal loans, The Wall Street Journal (WSJ) reported. The demand for…
The defendant debt collection agency in Hunstein v. Preferred Collection & Mgmt. Servs. Inc. and ACA International both recently filed letters of supplemental authority with the…
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