The latest statistics tracked by WebRecon LLC show consumer ligation filings increased across the board in June. Looking at the monthly changes from May to June, Fair Debt Collection Practices Act filings increased 2% from 611 to 623; Fair Credit Reporting … Continue reading →
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The debate over student loan reform continues as lawmakers reconsider whether they can be discharged in bankruptcy. The Senate Judiciary Committee met on August 3 to discuss how student loans are handled during bankruptcy proceedings. Student loans can’t be discharged … Continue reading →
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© Francisco Kjolseth (Francisco Kjolseth | The Salt Lake Tribune) Elisha Callahand, pictured on Tuesday, July 20, 2021, is a Utahn who was taken to court during the pandemic by a payday lender. Payday lenders and debt collectors in Utah … Continue reading →
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Thursday, August 5, 2021 Credit One Bank just put the whole dang (TCPA)World on notice–it does not mess around in litigation against consumers. The company–which has been party to a number of TCPA suits over the years–just absolutely obliterated a couple … Continue reading →
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Check out what’s clicking on FoxBusiness.com. Landlords and tenants could be left in the lurch with growing rental debt after the Biden administration and the Centers for Disease Control and Prevention announced a new, targeted eviction moratorium covering areas with … Continue reading →
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The Washington, D.C., City Council unanimously approved bill 24-347, “Protecting Consumers from Unjust Debt Collection Practices Emergency Amendment Act of 2021,” on Aug. 3 with amendments related to communication with consumers and documentation of debts. It will take effect Sept. … Continue reading →
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SANTA FE, N.M. (AP) — New Mexico’s court system is taking steps to ease financial upheaval as the state resumes foreclosures on delinquent mortgage loans and phases out a moratorium on commercial debt collection orders often tied to credit cards … Continue reading →
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Data: New York Fed; Chart: Axios Visuals Credit card balances recently ticked higher, but remain well below pre-pandemic levels. However, consumers are charging much more than those balances might suggest. Why it matters: Higher credit card balances are considered a … Continue reading →
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Borrowers have successfully avoided the pandemic debt storm, experts have proclaimed, as the last of the emergency forbearance measures close. But evidence of a last-minute spike in payment breaks, seen exclusively by The Independent, has stoked fears of a new … Continue reading →
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If you’ve ever been drowning in credit card debt, it’s likely a debt settlement firm has reached out to you. Even if you haven’t engaged in conspicuous consumption activity, a setback such as a job loss, need for medical services … Continue reading →
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