A Fort Worth financial firm will cancel its outstanding loans and pay nearly $40 million to consumers after engaging in an alleged payday lending operation that used Native American tribes as shields from state laws. Think Finance Inc. serviced loans that charged … Continue reading →
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First Mortgage Default Index at Lowest Level Since Inception NEW YORK, June 18, 2019 /PRNewswire/ — S&P Dow Jones Indices and Experian released today data through May 2019 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of … Continue reading →
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FARGO, N.D. (Valley News Live) – This year, Fargo Public Schools saw its student lunch debt grow to around $26,000 – now, certain families could start hearing from debt collectors. Fargo Public Schools says financial donations will be used to … Continue reading →
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The Ninth Circuit Court of Appeals issued a ruling today in Duguid v. Facebook, 2019 U.S. App. LEXIS 17675 (9th Cir. June 13, 2019) following the approach of the Fourth Circuit Court of Appeal in severing the government-backed debt exemption from the TCPA. … Continue reading →
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MGN graphic MGN graphic WASHINGTON – Sens. Jeff Merkley and Ron Wyden, D-Ore., have joined 24 colleagues in calling on Consumer Financial Protection Bureau Director Kathy Kraninger to reverse a proposed rule that would, for the first time, allow debt collection … Continue reading →
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At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own. When a … Continue reading →
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Treasurer Seth Magaziner and Attorney General Peter Neronha commended lawmakers for passing a Student Loan Bill of Rights to protect Rhode Islanders through new consumer protections and oversight of student loan servicing practices. “There is a growing student debt crisis … Continue reading →
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WEST MONROE, La. (AP) – The governor’s office says a debt collection company plans to more than double its operations at a north Louisiana contact center, creating 146 new jobs. A Monday news release says Coast Professional will make a … Continue reading →
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The Consumer Financial Protection Bureau did not file any fair-lending enforcement actions in the 2018 fiscal year and did not refer any Equal Credit Opportunity Act violations to the Department of Justice. In a report to Congress released Tuesday, the … Continue reading →
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The Consumer Financial Protection Bureau is supporting a plaintiff’s argument in a case currently on appeal before the Fourth Circuit. The case, Bender v. Elmore & Throop, P.C., focuses on the Fair Debt Collection Practices Act’s one-year statute of limitations. The … Continue reading →
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