More than 10,000 people in Appalachia will sigh with relief this month after two donors from the region helped nonprofit RIP Medical Debt purchase and forgive $10 million of medical debt. But it’s just a drop in the bucket of … Continue reading →
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Gina Armer had successfully funded two bachelor’s degrees and a master’s degree, so when she decided to start an evening doctoral program, she felt confident. “I was thinking a PhD is my key to the world … [and that] when … Continue reading →
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The Consumer Financial Protection Bureau has shifted its focus under the leadership of Kathy Kraninger. Photo: Patrick T. Fallon/Bloomberg News By Lalita Clozel Lalita Clozel The Wall Street Journal Biography July 25, 2019 7:23 pm ET WASHINGTON—The Consumer Financial Protection … Continue reading →
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BUFFALO, N.Y. (AP) — Two Upstate New York debt collectors are banned from the business and expected to pay millions of dollars to settle allegations they inflated debts and threatened consumers. State Attorney General Letitia James announced the settlements with … Continue reading →
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The CFPB (Consumer Financial Protection Bureau) has issued a new report on tradelines reported by third-party debt collectors as reflected on credit reports compiled by nationwide consumer reporting agencies. The third-party collector tradelines consist of those reported by debt buyers and those … Continue reading →
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(Adds comment from new Equifax CEO, Massachusetts AG) By Pete Schroeder WASHINGTON, July 22 (Reuters) – Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law with a massive 2017 data breach and … Continue reading →
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Protest at Johns Hopkins Hospital in Baltimore. | NNU BALTIMORE—Johns Hopkins Hospital in Baltimore may have a world-class reputation for medical research and care, but it’s anything but world-class in the way it treats its nurses and its neighbors. And … Continue reading →
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On Thursday, a report surfaced that J.C. Penney Company Inc. had hired advisors to explore debt restructuring options to buy itself more time for a turnaround. The struggling department store chain promptly denied the report, writing in a statement that it “routinely hire[s] … Continue reading →
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The private student loan debt market has grown to US$102 billion with 1.4 million borrowers, according to a report by LendEdu. The average student loan debt was US$13,780 from 2016 to 2019, according to LendEdu’s database of about 200,000 private … Continue reading →
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A disciplinary hearing into the conduct of a firm of attorneys that facilitates debt collection on behalf of several credit providers will be heard soon, according to Jaco Fourie, senior legal officer at the Legal Practice Council. The hearing comes … Continue reading →
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