U.S. household debt increased significantly since the pandemic, driven by mortgage and auto loans in the second quarter of 2021. (iStock) Household debt increased by $313 billion in the second quarter of 2021, up 2.1% from the first quarter, … Continue reading →
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Last year, Jennifer McCrobie went to the emergency room with a stomach ache that had her doubled over in pain. She had to have surgery to remove her gallbladder. Then, the bills starting piling up. “They were relentless,” she said … Continue reading →
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NEW YORK, Aug. 17, 2021 /PRNewswire/ — S&P Dow Jones Indices and Experian released today data through July 2021 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that … Continue reading →
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Thursday, August 12, 2021 In recent years, Fair Debt Collection Practices Act (“FDCPA”) litigation has exploded—and particularly so in the Eastern District of New York, one of the busiest FDCPA dockets in America. Increasingly, the theories of liability in many … Continue reading →
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Attorney General Chris Carr today announced a $19.8 million settlement with Turtle Creek Assets, Ltd. and its owner, Gordon Engle, (collectively “Turtle Creek”), resolving allegations that the company committed multiple violations of the federal Fair Debt Collection Practices Act and … Continue reading →
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For smaller financial institutions — where an entire department could be just one employee — COVID-19 poses a much higher risk to operations than at large banks, since closing a single location due to infection could leave customers and members … Continue reading →
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PITTSBURG, Calif. (KGO) — Sixty-two million credit card holders have had their credit limits slashed or their credit cards closed in just the first four months of this year. This has happened to one out of three credit card holders, … Continue reading →
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Researchers with D3Lab have discovered the data of almost one million credit card holders being sold on an underground forum, according to a blog post released this week. In a sample of 980,930 files acquired by D3Lab analysts on Monday, the … Continue reading →
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The Federal Trade Commission is sending refund checks totaling nearly $2.3 million to people who lost money to credit card debt relief schemes. In a complaint announced in July 2019, the FTC and the state of Ohio alleged Educare Centre … Continue reading →
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Americans are willing to take on debt again and, in some cases, more than they have in over a decade. According to Equifax Inc, a credit-reporting company, consumer demand for personal loans, general-purpose credit cards, auto loans, and leases up … Continue reading →
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