Sponsored Links Which Credit Cards Have Massive Rewards for World Travelers?NerdWallet The average interest rate charged on a 30-year fixed-rate mortgage ticked up to 3.11% this week, a modest increase of 0.01 percentage points from last week. It’s the third … Continue reading →
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Debt collectors are now allowed to slide into your DMs. New financial regulations went into effect on Tuesday allowing debt collectors to contact people via their social media accounts. In essence, that means your Twitter and Facebook Messenger accounts could … Continue reading →
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The Consumer Financial Protection Bureau’s (CFPB) debt collection rule issued in 2020, which amended Regulation F, is now in effect. The NAFCU compliance team has blogged about it a couple of times. In 2019 we blogged about the call limits in the proposed rule. … Continue reading →
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Check out what’s clicking on FoxBusiness.com. Americans are applying for credit cards at a rate not seen since before the pandemic. Close to 27% of U.S. consumers said in October that they had applied for a credit card in … Continue reading →
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On November 8, New York Governor Kathy Hochul signed into law the Consumer Credit Fairness Act (Act) (S.153/A.2382). The Act contains a series of amendments to New York’s Civil Practice Law and Rules (CPLR) that significantly impact debt collection lawsuits filed in … Continue reading →
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The Federal Reserve Bank of New York Center for Microeconomic Data issued its Quarterly Report on Household Debt and Credit, showing that total household debt climbed $286 billion (1.9%) in the third quarter of 2021 to $15.24 trillion. The total … Continue reading →
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A Buffalo-based debt collector and his companies have been shut down by New York’s Attorney General. The office said it’s reached an agreement with Andrew Fanelli and his companies permanently banning them from any future consumer debt collection. The businesses, … Continue reading →
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By Pete Schroeder WASHINGTON (Reuters) -U.S. bank profits fell 1.2% in the third quarter of 2021 to $69.5 billion as firms were slower to shrink their credit loss provisions and grappled with low interest rates, the Federal Deposit Insurance Corporation … Continue reading →
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SAN DIEGO, Dec. 01, 2021 (GLOBE NEWSWIRE) — Encore Capital Group, Inc. (Nasdaq: ECPG), an international specialty finance company, today announced the findings of its first Economic Freedom Study. The survey asked 2,600 people in Encore’s largest markets, the United … Continue reading →
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“Low borrowing costs supported demand and gave some people an incentive to buy a home earlier than planned. [However], the surge in demand for housing wasn’t met with a similar increase in supply. And that pushed prices up sharply in … Continue reading →
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