Maryland could become the latest state to have a medical debt collection bill on the books after SB 514 and HB 565 were approved 47-0 and 134-0 in the state’s Senate and House, respectively. The bill includes requirements for hospital … Continue reading →
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The U.S. Court of Appeals for the Ninth Circuit recently reversed a trial court’s dismissal of allegations that the defendant violated the federal Fair Debt Collection Practices Act (FDCPA) by sending a collection letter threatening litigation over a time-barred or … Continue reading →
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On April 1, the U.S. Court of Appeals for the Fifth Circuit upheld a district court’s ruling in favor of defendant credit repair organizations (including a law firm), holding that plaintiff data furnishers failed to provide sufficient evidence supporting their … Continue reading →
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Congressman Darrell Issa, R-Calif., on proposed tax hike for infrastructure bill. When Covid-19 hit the economy, most debt collectors gave borrowers a break, cutting back on lawsuits amid lockdowns, closed courts and loan-forbearance initiatives. One of the biggest and least-known … Continue reading →
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The Consumer Financial Protection Bureau and Federal Trade Commission will crack down on eviction practices they think violate laws like the Fair Debt Collection Practices Act and the Federal Trade Commission Act, according to a joint statement by the two entities … Continue reading →
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April 03 2021 05:00 pm
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Forbearances, an agreement to forestall collection activity against a delinquent account, give the consumer a short-term solution to suspend payments in a time of need. Mercator Advisory Group covered the topic in a recent viewpoint titled Credit Card Account Forbearance: … Continue reading →
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Two previous settlements involved nearly 500 former students SALEM, Ore. (KTVZ) — Oregon Attorney General Ellen Rosenblum filed an application Thursday with the U.S. Department of Education, asking for the cancellation of federal student loan debt for thousands of former students, including … Continue reading →
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The U.S. Supreme Court’s eventual ruling in a case involving TransUnion LLC credit reports could have implications for consumers’ ability to sue companies in class actions in areas from robocalls to data breaches. The court’s justices heard oral argument Tuesday … Continue reading →
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The chief economists from North America’s largest banks anticipate substantial improvement in both consumer and business credit market conditions over the next six months, according to a new report from the American Bankers Association. The Q2 2021 ABA Credit Conditions … Continue reading →
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