Wednesday, November 17, 2021 On defendant’s petition for rehearing in Hunstein v. Preferred Collection and Management Services, Inc., a panel of the 11th Circuit recently issued a new, but not improved, decision involving the Fair Debt Collection Practices Act (FDCPA).1 The Hunstein II decision … Continue reading →
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WASHINGTON — Top Senate Democrats urged the Consumer Financial Protection Bureau to pursue far-reaching reforms of the credit reporting industry and take a more more hands-on role to police errors in consumers’ credit histories. The seven senators told CFPB Director … Continue reading →
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(CNN) — American households are carrying record amounts of debt as home and auto prices surge, Covid infections continue to fall and people get out their credit cards again. Between July and September, US household debt climbed to a new … Continue reading →
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By Anna Bahney, CNN Business Credit card interest rates have moved swiftly higher this year, significantly increasing the cost burden on those who carry a balance. Over the past two quarters the average annual percentage rate has grown from 15.91% … Continue reading →
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It’s an unfortunate fact that even Americans with health insurance can wind up with medical bills they struggle to cover. In fact, medical debt is a common source of personal bankruptcy filings in the U.S. For this reason, it’s important … Continue reading →
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A survey of 2,000 Americans by Insider found that more than 50% said they had no credit card debt. Credit card companies have a term for these users: “deadbeat,” because they don’t pay any interest. Many Americans used the … Continue reading →
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LEOMINSTER — Leominster Credit Union recently presented a check for $5,000 to Fathering Fathers Inc., a nonprofit mentoring organization dedicated to raising healthy, confident and well-prepared young men. The lion’s share of this donation will go to help jump start … Continue reading →
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As accounts receivable management (ARM) industry professionals make final preparations for Reg F compliance before Nov. 30, there are long-term takeaways to remember when it comes to health care collections and communication with clients and consumers. In the ACA International … Continue reading →
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National credit regulator warns of worsening indebtedness as payment holidays end 15 November 2021 – 19:07 Garth Theunissen The national credit regulator (NCR) has warned that consumer indebtedness may worsen as the unwinding of payment holidays and debt-relief measures introduced … Continue reading →
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Consumer affairs Americans paying 25% more towards car loans than 10 years ago Consumer Reports study finds many pay high annual percentage rates despite good credit scores while car loan debt soars to $1.4bn Lauren Aratani Wed … Continue reading →
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