This article is reprinted by permission from NerdWallet. It can seem completely counterintuitive, right? If credit cards are what got you into debt in the first place, why on earth would you go and apply for another one as you’re … Continue reading →
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{{featured_button_text}} FILE – This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. Borrowing by Americans fell in January 2021 for the first time in five months, as a big drop in the use of credit cards … Continue reading →
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The demand for foreclosure prevention services at Advantage Credit Counseling Service, a nonprofit on the South Side, should paint an optimistic picture about housing amid the COVID-19 pandemic. Calls from homeowners worried about foreclosure have fallen while interest from homebuyers … Continue reading →
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Getty Images photo. The Maryland Senate gave its unanimous support on Thursday to a bill that would help rein in hospital debt collection efforts that critics have said ensnare former patients — many of them still battling illness — in … Continue reading →
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Metro Creative Connection Fri, Mar 26th 2021 04:10 pm Earlier this week, New York Attorney General Letitia James took action to protect millions of New Yorkers and block debt collectors from seizing billions of dollars in emergency stimulus payments … Continue reading →
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The FDCPA is a federal law that governs third-party debt collectors’ interactions with debtors. It generally protects consumers only, not businesses or corporations. The FDCPA applies to most third-party debt collectors but not the company that is seeking debt repayment. … Continue reading →
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Student Loans getty The new Interim Final Rule issued by the SBA on March 3, 2021, reverses the prior rules by indicating that independent contractors and employers who were otherwise eligible to receive PPP loans may do so regardless … Continue reading →
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The state of Oregon is continuing to bar creditors and debt collectors from seizing federal stimulus payments sent to Oregonians. A bill introduced by Oregon’s U.S. Sen. Ron Wyden earlier this month would have shielded stimulus payments that U.S. taxpayers … Continue reading →
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On March 16, the CFPB sued a California-based student loan debt relief company, its owner, and manager (collectively, “defendants”) for allegedly charging borrowers more than $3.5 million in unlawful advance fees. The complaint alleged that between 2015 and 2019, the … Continue reading →
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WASHINGTON, D.C. — Consumer Financial Protection Bureau (CFPB) Acting Director Dave Uejio recently issued the following statement regarding consumers’ access to Economic Impact Payment (EIP) funds distributed through the American Rescue Plan: “The Consumer Financial Protection Bureau is squarely … Continue reading →
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