WASHINGTON — The U.S. Congress is considering authorizing the Federal Reserve to pay the tab as local governments ramp up shipments of testing equipment, masks and ventilators desperately needed to diagnose coronavirus cases, treat patients and keep medical personnel safe. … Continue reading →
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Wednesday, March 25, 2020 In re Midland Credit Mgmt., Case No. 11-md-2286-MMA (MDD), 2020 U.S. Dist. LEXIS 49091 (S.D. Cal. March 18, 2020) originated in 2011. A lead class action member and several dozen individual member cases that alleged the … Continue reading →
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Federal financial regulators are encouraging banks, credit unions, and other financial institutions to offer responsible small-dollar loans to consumers and small businesses during the coronavirus crisis. Small-dollar loans — which are typically between $300 and $5,000 — can help Americans … Continue reading →
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By Brad Petrishen Telegram & Gazette Staff Posted Mar 24, 2020 at 9:03 PMUpdated Mar 24, 2020 at 9:03 PM WORCESTER – A subsidiary of Target has agreed to pay nearly $2.3 million to settle a class-action lawsuit filed by a Clinton woman who alleged it engaged in illegal debt … Continue reading →
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Chase (JPM), Citi (C), and Capital One (COF) are just some of the credit card companies offering financial assistance to those affected by the coronavirus pandemic. The credit card issuers, in some cases, are offering deferred payments, waiving fees, and increasing credit limits … Continue reading →
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The Federal Reserve on Monday announced a massive second wave of initiatives to support a shuttered U.S. economy, including buying an unlimited amount of bonds to keep borrowing costs low and setting up programs to ensure credit flows to corporations … Continue reading →
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Health attendant Migdalia Figueroa has had 10% of her wages garnished since January. Photo: Rachel Holliday Smith/THE CITY Need to know more about coronavirus in New York? Sign up for our daily morning newsletter. Gov. Andrew Cuomo has paused the collection … Continue reading →
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Today there are more than 44 million Americans that have outstanding student loan debt. The total amount of those loans reached an all time high of $1.41 trillion in 2019, according to Experian. Because student debt is a problem that affects so … Continue reading →
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On February 21, the CFPB issued a Supplemental Notice of Proposed Rulemaking (NPRM) to amend Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA), to require debt collectors to make certain disclosures when collecting time-barred debts (the “Supplemental … Continue reading →
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The Consumer Financial Protection Bureau will host a day-long conference, “Evolutions in Consumer Debt Relief,” on Tuesday, March 10. The event will explore options for consumers facing unsecured debt and limited credit options, according to the event notice from the … Continue reading →
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