Tim Boyle/Getty Images Consumers are using more debit cards compared to the other high-end option of credit as a result of the coronavirus pandemic, Visa has found. Visa’s US credit-card volumes fell sharply in May year-on-year, while debit-card usage grew … Continue reading →
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Saul Loeb/CNP/ZUMA For indispensable reporting on the coronavirus crisis and more, subscribe to Mother Jones’ newsletters. House Democrats’ second emergency relief bill offers a welcome soft landing for the millions of Americans struggling to pay their bills in the face … Continue reading →
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Corporate debt is another ticking time bomb for the U.S. economy. Nearly 100 major corporations have filed for bankruptcy. More companies are under significant financial pressure as debt soars to over $500 billion. Expect more bankruptcies in the coming months … Continue reading →
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Wednesday, June 3, 2020 Wow, another big day for the TCPAWorld in the Ninth Circuit, as the appellate court, on top of the confirmation of the broad ATDS definition in Marks, held that the caller must have the consent of the … Continue reading →
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Protests in Washington, D.C. on May 30, 2020. Source: Shutterstock. Credit union leaders said they are committed to becoming part of the change in order to heal the nation torn apart by days of riots sparked by the death of … Continue reading →
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By Pete Schroeder WASHINGTON, May 20 (Reuters) – The U.S. regulator charged with overseeing housing giants Fannie Mae and Freddie Mac unveiled Thursday a proposed rewrite of rules boosting how much capital the pair must hold to weather a downturn. … Continue reading →
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The number of interest-free credit card deals has fallen to a record low for the second successive month, as banks continue to slash the availability of unsecured debt during the economic crisis caused by the coronavirus. Lenders are unlikely to … Continue reading →
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In small justice of the peace courtrooms in Parker County west of Dallas, more than two dozen lawsuits have been filed against former hospital patients to collect the several thousand dollars they reportedly owed in unpaid medical bills. The lawsuits … Continue reading →
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The Consumer Financial Protection Bureau’s (CFPB) Taskforce on Federal Consumer Financial Law should look closely at how the CFPB’s rules have impacted credit unions, CUNA wrote to the CFPB Monday. The CFPB is seeking information to assist with the taskforce, which … Continue reading →
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Yolanda Carmenatty was working as a medical assistant at a North Shore family practice when she learned about a years-old debt through her boss. He was served in August with instructions to garnish her wages. Carmenatty said he submitted a … Continue reading →
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