On April 1, as the nation was in the beginning stages of its COVID-19 shutdown and companies, including financial institutions, encountered operational challenges, the Consumer Financial Protection Bureau released a statement on supervisory enforcement regarding the Fair Credit Reporting Act … Continue reading →
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Oportun, a California loan company that filed 14,000 lawsuits in six months, has dismissed thousands of claims after a Guardian investigation A California lending company that targets Latinos with high-interest loans is dismissing thousands of lawsuits days after the Guardian … Continue reading →
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DADE CITY, Fla. (WFLA) – Carolyn Matinzi turned to Better Call Behnken for help with a 4-year-old hospital bill that her insurance company claimed it already paid. Days after her call to Consumer Investigator Shannon Behnken, she says Humana Insurance … Continue reading →
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Consumer demand for new borrowing through credit cards is down sharply. Photo: Sebadelha Julie/Zuma Press By Matthew Dalton Close Matthew Dalton Biography @DJMatthewDalton [email protected] and AnnaMaria Andriotis Close AnnaMaria Andriotis Biography @AAndriotis [email protected] Aug. 2, 2020 9:00 am ET When … Continue reading →
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The Consumer Financial Protection Bureau (CFBP) on Wednesday filed a lawsuit against Townstone Financial Inc., a Chicago-based nonbank retail-mortgage creditor. CFPB’s complaint alleges that Townstone violated the Equal Credit Opportunity Act (ECOA) and Regulation B by engaging in discriminatory mortgage-lending … Continue reading →
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THE TERM STATUTE OF limitations may sound like legal jargon but it’s a concept that’s worth understanding, especially if you have private student loans. Any time you borrow a student loan, it’s important to understand not only its terms and … Continue reading →
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BOSTON – Massachusetts Attorney General Maura Healey announced today, July 30, a Nevada-based debt buyer will discharge hundreds of thousands of dollars of loans made to Massachusetts students to finance expensive and ineffective online study materials and educational services. Under the … Continue reading →
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Earlier this week, Senate Majority Leader Mitch McConnell released his stimulus proposal in a speech on the Senate floor as many of the provisions of the CARES Act were about to expire. What quickly become apparent was the absence of … Continue reading →
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As of June, 24.6% of all consumer credit products, including credit cards, mortgages, auto loans and personal loans are in some type of financial hardship program. That’s according to TransUnion, which defines financial hardship plans as a deferred payment, forbearance … Continue reading →
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Share on Twitter By Jacqueline LaPointe July 29, 2020 – Charitable organizations like RIP Medical Debt can purchase patient bad debt directly from hospitals and other providers, according to a recent advisory opinion from HHS’ Office of the Inspector General (OIG). … Continue reading →
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