The United States Senate has unanimously passed legislation protecting stimulus checks from being garnished by creditors. The bipartisan bill, co-sponsored by senate finance committee chairman Sen. Chuck Grassley (R-IA) and Sen. Sherrod Brown (D-OH), will ensure that coronavirus relief payments … Continue reading →
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In February 2020, the Federal Reserve found that Americans have reached a record high for the amount of credit card debt owed. On top of that, charge-offs and past-due payments among 18-29 year-olds is rapidly rising. To top it off, … Continue reading →
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WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) today filed a complaint in the federal district court for the Central District of California against GST Factoring, Inc., which runs a student-loan debt-relief business in Texas, and two of its … Continue reading →
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On April 1, as the nation was in the beginning stages of its COVID-19 shutdown and companies, including financial institutions, encountered operational challenges, the Consumer Financial Protection Bureau released a statement on supervisory enforcement regarding the Fair Credit Reporting Act … Continue reading →
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Oportun, a California loan company that filed 14,000 lawsuits in six months, has dismissed thousands of claims after a Guardian investigation A California lending company that targets Latinos with high-interest loans is dismissing thousands of lawsuits days after the Guardian … Continue reading →
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DADE CITY, Fla. (WFLA) – Carolyn Matinzi turned to Better Call Behnken for help with a 4-year-old hospital bill that her insurance company claimed it already paid. Days after her call to Consumer Investigator Shannon Behnken, she says Humana Insurance … Continue reading →
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Consumer demand for new borrowing through credit cards is down sharply. Photo: Sebadelha Julie/Zuma Press By Matthew Dalton Close Matthew Dalton Biography @DJMatthewDalton [email protected] and AnnaMaria Andriotis Close AnnaMaria Andriotis Biography @AAndriotis [email protected] Aug. 2, 2020 9:00 am ET When … Continue reading →
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The Consumer Financial Protection Bureau (CFBP) on Wednesday filed a lawsuit against Townstone Financial Inc., a Chicago-based nonbank retail-mortgage creditor. CFPB’s complaint alleges that Townstone violated the Equal Credit Opportunity Act (ECOA) and Regulation B by engaging in discriminatory mortgage-lending … Continue reading →
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THE TERM STATUTE OF limitations may sound like legal jargon but it’s a concept that’s worth understanding, especially if you have private student loans. Any time you borrow a student loan, it’s important to understand not only its terms and … Continue reading →
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BOSTON – Massachusetts Attorney General Maura Healey announced today, July 30, a Nevada-based debt buyer will discharge hundreds of thousands of dollars of loans made to Massachusetts students to finance expensive and ineffective online study materials and educational services. Under the … Continue reading →
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