Washington, D.C., Mayor Muriel Bowser has signed bill 24-169, the “Protecting Consumers from Unjust Debt Collection Practices Temporary Amendment Act of 2021,” with temporary amendments related to communication with consumers and documentation of debts. It will take effect Sept. 23, … Continue reading →
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U.S. Revolving debt slowly rebounded in June, based on the latest update by the Federal Reserve. The Seasonally Adjusted metric moved to $992.2 billion in total, only $7.8 million shy of passing the $1 trillion mark. The $1 trillion mark is … Continue reading →
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Debt settlement experts at Oak View Law Group offer advice to eliminate payday loan debt AUBURN, Calif., August 30, 2021–(BUSINESS WIRE)–As unemployment pandemic benefits expire and moratoriums on evictions, car repossessions, and collection of student loans and other financial obligations … Continue reading →
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Advocates of student loan forgiveness are fond of pointing out that President Biden’s Education Department has already canceled nearly $10 billion of federal student loans this year. Senator Elizabeth Warren argues that this precedent makes clear Biden’s authority to cancel … Continue reading →
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WASHINGTON, D.C. — The Federal Trade Commission this week approved final revisions that would bring several rules that implement parts of the Fair Credit Reporting Act (FCRA) in line with the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank … Continue reading →
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The U.S. Department of Education still owes nearly 11,000 student loan borrowers a refund for their student loans. Here’s what you need to know. Student Loans As reported by the Washington Post, in response to a Freedom of Information Act … Continue reading →
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Southfield, Michigan, Sept. 01, 2021 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the finalization of a settlement resolving litigation with the Massachusetts Attorney General, the material … Continue reading →
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Mountain America Credit Union Celebrates 100th Branch in Henderson, Nevada Mountain America Credit Union Celebrates 100th Branch in Henderson, Nevada PR Newswire SANDY, Utah, Sept. 8, 2021 SANDY, Utah, Sept. 8, 2021 /PRNewswire/ — Mountain America Credit Union is … Continue reading →
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Debt-IN Consultants, a debt recovery solutions partner to many South African financial services institutions, says a ransomware attack by cyber criminals has resulted in a significant data breach of consumer and employee personal information. In a statement, Debt-IN Consultants says … Continue reading →
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Consumer Financial Protection Bureau (CFPB) officials said the organization has issued new technical specifications with regard to complying with credit card agreement and data submission requirements. © Shutterstock Officials indicated the actions are in accordance with the Truth in Lending … Continue reading →
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