BOSTON, (SHNS) – Credit unions and banks, long at odds over the differing regulations they face, renewed sparring Wednesday over several bills that industry leaders on either side claim gives the other an unfair advantage. A range of legislation is … Continue reading →
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It’s easy to criticize the payday lending industry for its high fees and repetitive loan rollovers. But it’s much harder to come up with an alternative for people who need cash immediately yet have poor or nonexistent credit histories. California, … Continue reading →
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Wednesday, September 11, 2019 TCPA cases against debt collectors and first-party creditors are notoriously difficult to certify. They typically involve individual issues of consent and revocation that make certification impossible. But when a debt collection TCPA case does get certified, … Continue reading →
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The Consumer Financial Protection Bureau is continuing its efforts to work on regulatory uncertainty for debt collectors and other financial services companies following the release of new policies on innovation and compliance. The bureau announced three new policies Sept. 10 … Continue reading →
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WASHINGTON (CN) – Bringing to Congress an issue that has become a prominent fixture of the 2020 Democratic primary, a House panel on Tuesday grappled with how Congress should respond to the $1.5 trillion in student loan debt borrowers have … Continue reading →
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Equifax dangled an enticing offer for the 148 million consumers impacted by its massive 2017 data breach: a $125 cash payment. Now the credit reporting company is making people who are submitting a claim jump through one last hoop. Many … Continue reading →
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Student loan experts warned the House that the student debt crisis is now a “trillion-dollar blackhole” and was hurting the financial system. “Every 28 seconds, another borrower defaults… like kerosene on a fire, student debt is … tearing our country … Continue reading →
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Consumer borrowing surged in July at its fastest pace since late 2017, driven by a big jump credit card use. Consumer borrowing increased by $23.3 billion in July after a $13.8 billion advance in June, the Federal Reserve reported Monday. … Continue reading →
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COLLEGE PARK, Ga. — If you’ve ever moved out of a rented apartment, you were likely hit with surprise charges. More unpaid apartment debt ends up with a College Park collections agency than anywhere else. National Credit Systems (NCS) is … Continue reading →
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Thousands of South Dakotans have lost their privilege to hunt, fish and drive in the state because they owe the state money for unpaid fines, fees, taxes or even college tuition. The license and registration suspensions were implemented by the … Continue reading →
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