A bill from Sens. Sheldon Whitehouse, pictured, and Sherrod Brown expands protections for people who file for bankruptcy. Photo: Michael Brochstein/Zuma Press By Katy Stech Ferek Close Katy Stech Ferek WASHINGTON—Democratic Senators plan to introduce a bill Thursday that would … Continue reading →
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A bill from Sens. Sheldon Whitehouse, pictured, and Sherrod Brown expands protections for people who file for bankruptcy. Photo: Michael Brochstein/Zuma Press By Katy Stech Ferek Close Katy Stech Ferek WASHINGTON—Democratic Senators plan to introduce a bill Thursday that would … Continue reading →
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Law360 Due to COVID-19, New York Gov. Andrew Cuomo has issued executive orders that toll the statute of limitations on actions that seek to collect on mortgage debt in the state. These orders will impact pending and future claims, including … Continue reading →
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Just about a year ago, we told you about a case the FTC brought against a student loan debt relief firm. The FTC alleged that the operators of Mission Hills Federal, Federal Direct Group, National Secure Processing, and The Student … Continue reading →
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New York Attorney General Letitia James has extended the suspension of debt collection for medical and student debt owed to the state of New York for 30 days, through Aug. 15, 2020, in response to financial impacts from the spread … Continue reading →
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RESIDENTS IN ALASKA, Washington, D.C., Colorado and Vermont have the least sustainable credit card debt in the country, according to a new analysis by WalletHub, a personal finance website. Using TransUnion credit data, the financial advising website calculated the cost … Continue reading →
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Editor’s Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC will update as changes are made public. Credit scores provide lenders with a … Continue reading →
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Sens. Lamar Alexander (R., Tenn.) and Patty Murray (D., Wash.) have proposed different ways of addressing the backlog of student-loan payments after existing relief measures expire on Sept. 30. Photo: Carolyn Kaster/Associated Press By Josh Mitchell Close Josh Mitchell Biography … Continue reading →
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Complaints and consumer concerns about debt collection continue to decline, according to the latest report from the Consumer Financial Protection Bureau tracking consumers’ experiences with financial products and services, especially related to the COVID-19 pandemic. The CFPB issued an updated … Continue reading →
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Roughly a third of U.S. credit card users — some 70 million people — have had their credit limits reduced or accounts closed involuntarily since mid-May, according to a new survey by Lending Tree’s Compare Cards website. Blame the coronavirus. Card … Continue reading →
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