In O’Toole v. Bob Roache Law, a Seventh Circuit District Court in Indiana granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act (FDCPA) case for lack of standing. In its holding, the court emphasized that allegations of … Continue reading →
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The crisis often starts with a car repair or surprise medical bill. It can end with a consumer deep in debt having paid hundreds or even thousands of dollars in interest and fees to a payday loan company. Payday loans … Continue reading →
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February 23, 2021 – Sacramento — The Franchise Tax Board (FTB) on Monday announced a suspension of its income tax refund offset program until July 31, 2021. “The ongoing public health emergency continues to have a severe economic impact on many … Continue reading →
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February 25, 2021 As enrollment numbers and tuition at higher education institutions grow, the rise in student debt is outpacing both. According to the Pew Research Center, from 1993 to 2012, the share of students taking out loans to finance … Continue reading →
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Credit unions kept up with other lenders in mortgages last year, while falling behind in automotive loans. Data released Tuesday by the FDIC shows the economic effects of the pandemic were similar for banks and credit unions: big increases in … Continue reading →
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On Monday, Democratic New York state Sen. Liz Krueger, Chair of the Senate Finance Committee, announced that she has introduced Senate Bill S.4959, which would place a tax on the collection of New Yorkers’ data collection by businesses that use … Continue reading →
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The banking industry is set to abandon plans to create an agency to collect overdue emergency Covid-19 loans. Lenders are getting ready to handle recoveries themselves after it was decided that a collection utility would merely complicate the business of … Continue reading →
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U.S. student debt has ballooned for decades, but this year, legislators appear to be more serious about student debt forgiveness than ever before — prompting bold proposals and vigorous debate about potential impacts and costs. One variable often missing from … Continue reading →
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The Department of Veterans Affairs has announced that it will extend its moratorium on all benefit and medical copay debt collections through at least Sept. 30, 2021. The move to extend the moratorium through the end of the fiscal year … Continue reading →
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CHICAGO, Feb. 18, 2021 (GLOBE NEWSWIRE) — Consumer credit activity picked up in the final quarter of 2020 as balances increased across most credit products and originations activity rose from the lows observed during the early stages of the COVID-19 … Continue reading →
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