The Consumer Financial Protection Bureau proposed on Monday a shift from DTI ratios to a price-based approach to improve qualified mortgage access. The Consumer Financial Protection Bureau on Monday proposed the elimination of debt-to-income limits for qualified mortgages processed through … Continue reading →
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As we repeated not long ago, the Court in Gurzi v. Penn Credit, Corp., Case No: 6:19-cv-823-Orl-31EJK, 2020 U.S. Dist. LEXIS 107402 (M.D. Fl. June 18, 2020) rejected a defendant’s new super-charged arguments in defense of ringless voicemail. On Thursday that same … Continue reading →
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As of today, consumer complaints to the CFPB set a third straight monthly record in May, with 35,093 complaints reported. Complaints about credit reporting lead by far, followed by debt collection, credit card and mortgage complaints. Job and income losses … Continue reading →
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Secretary Betsy DeVos is being sued for her new policy that provides partial debt forgiveness to … [+] students defrauded by predatory colleges. (Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images Education Secretary … Continue reading →
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A sold sign stands near a home under construction in a Toll Brothers development in Coppell, Texas, … [+] U.S. Matt Nager/Bloomberg News BLOOMBERG NEWS When the coronavirus pandemic ground the U.S. economy to a halt, one of the best … Continue reading →
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More than 45 banks and credit unions voluntarily agreed to the extension, which began on March 31 after numerous bars, restaurants, and retailers were closed across the state. The program will now be extended to July 30, rather than ending … Continue reading →
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If you haven’t used a card in awhile, make a small purchase with it to keep it open. It’s good for your credit score. Getty Images By the editors of Kiplinger’s Personal Finance June 4, 2020 From Kiplinger’s Personal Finance … Continue reading →
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The Idaho Department of Finance has extended its temporary guidance regarding remote work due to COVID-19 until Sept. 1. The guidance states: “The department recognizes that as states and municipalities are lifting stay-at-home orders in varying stages, our licensees may need … Continue reading →
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On a Saturday morning earlier this month, Brooke Evans was participating in a conference via Zoom ZM, -0.56% when a distraction popped up. An email from Credit Karma, a company consumers can use to access their credit score, notified her … Continue reading →
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In Mason v. Midland Funding, plaintiffs Mason and Burnett brought an action against a debt collector and its subsidiaries claiming that they violated the Fair Debt Collection Practices Act by allegedly filing lawsuits to collect on unpaid debts even though … Continue reading →
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