MADISON, Wis. (WMTV) – Your next DM on Facebook or Instagram could soon be from a debt collector. New regulations set to go in effect later this year will give third party debt collectors a wider reach. Under the Fair … Continue reading →
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WASHINGTON, DC – NOVEMBER 10: Sen. Sheldon Whitehouse (D-RI) speaks during a Senate Judiciary … [+] Committee hearing on November 10, 2020 on Capitol Hill in Washington, DC. The hearing is related to Crossfire Hurricane, the FBI’s Russia investigation. … Continue reading →
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Fraudulent credit card activities via remote and other digital payment channels increased by 29 percent in the Philippines since the coronavirus pandemic-induced lockdowns, underscoring greater vigilance among users. The Credit Card Association Philippines (CCAP) reported that as the pandemic caused … Continue reading →
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Reatna Taylor had big dreams to become a primary care physician when she entered Johnson C. Smith University. She graduated in 2015 with a bachelor’s degree in biology. A partial scholarship covered most of her tuition, but she still had … Continue reading →
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Southfield, Michigan, Feb. 01, 2021 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $166.3 million, or $9.43 per diluted share, for the three … Continue reading →
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(Credit: Administrative Office of the United States Courts) (CN) — Straying from historic norms, bankruptcy filings by individuals and small businesses fell sharply in 2020 despite record levels of unemployment caused by the Covid-19 pandemic. The volume of bankruptcy filings … Continue reading →
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A collapse in apartment rent collection during the pandemic is forging one of New York’s most unlikely political alliances. The Real Estate Board of New York, the property industry’s main lobbying group, has joined with New York’s Legal Aid Society, … Continue reading →
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The U.S. Court of Appeals for the Seventh Circuit recently vacated judgment in favor of a debt collector against putative class action claims raised by a consumer that its collection letter violated the federal Fair Debt Collection Practices Act (FDCPA) … Continue reading →
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When Congress ordered the Department of Education to stop garnishing the wages of borrowers who defaulted on their student loans as part of the CARES Act, the coronavirus relief bill passed in March, it took months for thousands to feel … Continue reading →
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In times of financial distress, credit cards are one of the easiest ways to access cash. During the coronavirus crisis, more than half, or 51%, of adults with credit card debt — roughly 51 million people — added to their … Continue reading →
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