Congress may cancel student loans more than once. Here’s what you need to know—and what it means for your student loans. Student Loans Will Congress cancel student loans more than once? If you asked that question a few days ago, … Continue reading →
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While 2020 was a year to forget in most respects, Americans excelled in terms of paying off credit card debt, getting rid of a record $82.9 billion in debt, according to the personal-finance website WalletHub’s latest Credit Card Debt Study, … Continue reading →
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Connecticut Attorney General William Tong, left, and New York Attorney General Letitia James, right. Photos: Michael Marciano/Diego M. Radzinschi/ALM Forty-one attorneys general—including from Florida, Georgia, Pennsylvania, New York, Connecticut, Texas and New Jersey—announced Thursday they have settled a data breach … Continue reading →
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The Consumer Financial Protection Bureau issued an interpretive rule clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act and Regulation B includes sexual orientation discrimination and gender identity discrimination, according to a press release. According to … Continue reading →
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Chris Hendry is the first to admit that he had a nontraditional path to credit union leadership. But he’s just as quick to add that even with an unusual background, he may still be the right guy in the right … Continue reading →
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The latest rounds of stimulus checks are being sent and deposited into Americans bank accounts, and the Attorney General is taking steps to make sure they are unfairly garnished by Debt collectors. The global pandemic has forced businesses to close, … Continue reading →
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Minnesota would stop collecting medical debt for private hospitals under proposals at the Capitol this session. The state has used its revenue recapture program to intercept certain payments to residents, including state income tax or property tax refunds, and divert … Continue reading →
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A federal judge dismissed the credit repair industry’s challenge against the Consumer Financial Protection Bureau and Federal Trade for enforcing limits on how firms are paid for services that promise to improve borrower credit scores. A May 2020 lawsuit by … Continue reading →
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The U.S. Court of Appeals for the Seventh Circuit recently vacated a trial court’s summary judgment in favor of a debt collector and ordered dismissal for lack of Article III standing. In so ruling, the Seventh Circuit held that stress … Continue reading →
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The staff of the Federal Trade Commission has provided the Consumer Financial Protection Bureau with an annual summary of the FTC’s activities in the debt collection arena. The FTC shares enforcement responsibility for the Fair Debt Collection Practices Act with … Continue reading →
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