Medical, student debt to New York State suspension continued through April
April 03 2021 05:00 pm
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April 03 2021 05:00 pm
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Forbearances, an agreement to forestall collection activity against a delinquent account, give the consumer a short-term solution to suspend payments in a time of need. Mercator Advisory Group covered the topic in a recent viewpoint titled Credit Card Account Forbearance: … Continue reading →
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Two previous settlements involved nearly 500 former students SALEM, Ore. (KTVZ) — Oregon Attorney General Ellen Rosenblum filed an application Thursday with the U.S. Department of Education, asking for the cancellation of federal student loan debt for thousands of former students, including … Continue reading →
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The U.S. Supreme Court’s eventual ruling in a case involving TransUnion LLC credit reports could have implications for consumers’ ability to sue companies in class actions in areas from robocalls to data breaches. The court’s justices heard oral argument Tuesday … Continue reading →
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The chief economists from North America’s largest banks anticipate substantial improvement in both consumer and business credit market conditions over the next six months, according to a new report from the American Bankers Association. The Q2 2021 ABA Credit Conditions … Continue reading →
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Republican Senator Pat Toomey (Pa.) has blocked a proposal from Senate Democrats to prevent debt collectors from garnishing the $1,400 stimulus checks included in President Joe Biden‘s American Rescue Plan. Democrats introduced an amendment to the COVID-19 relief package on … Continue reading →
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The Consumer Financial Protection Bureau (CFPB) found in its Consumer Response Annual Report for 2020 that there were about 542,300 complaints last year, according to a press release. That’s an almost 54 percent increase from 2019 when there were 352,400 … Continue reading →
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U.S. Reps. Suzanne Bonamici (D-OR), Bill Foster (D-IL), and Steve Cohen (D-TN) introduced legislation in the House designed to protect consumers from predatory debt collectors. © Shutterstock The Securing Consumers Against Misrepresented (SCAM) Debt Act would protect consumers from debt … Continue reading →
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The U.S. Education Department is canceling student debt for more than 40,000 Americans who were previously granted loan forgiveness because of disabilities but later had their debt reinstated after they failed to submit certain paperwork, the agency announced Monday. The … Continue reading →
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WASHINGTON (Sputnik) – A medical debt collection firm that lost the personal information of 21 million people in a 2019 hack reached a settlement with 41 US states, New York Attorney General Letitia James announced. “Today’s agreement ensures that the … Continue reading →
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