5 credit card predictions for 2020

January 3, 2020CreditBy toptierfinancial

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CFPB Targets Credit Card Late Fees As Junk Fees, Proposes Significant Reduction In Safe Harbor For Card Issuers

Mass AG Campbell Reaches $6.5 Million Settlement With Home Security Company

U.S. Foreclosre Activity In January Continues To Increase Annually For 21 Consecutive Months

Challenge To NY’s Rent Control Law Heads To US Supreme Court

CFPB Looks to Expand Its Oversight of Nonbanks through Two Controversial New Registries

$5MM TCPA Robocall Class Action Settlement

Illinois Passes Law To Give Bank Access To Low Income Communities

Credit card debt increased to record $931 billion

Nearly 1 in 4 Americans in relationships are hiding financial secrets from their partners

President and CEO Dan Schulman Announces Intention to Retire from PayPal at Year-End

Fifth Circuit Finds CFPB Funding Mechanism UnconstitutionalFifth Circuit Finds CFPB’s Funding Mechanism Unconstitutional

CFPB Takes Action To Address Junk Data In Credit Reports

87% Of U.S. Landline Calls Are Unwanted

U.S. FTC votes to strengthen rules against fake online reviews and hidden fees

The Fifth Circuit’s Decision Finding The CFPB Is Unconstitutional And Overturning Its Payday Lending Rule Is Legally Defective

CFPB/Fed/OCC increase exemption thresholds for appraisal requirement, Regs Z and M (UPDATED)

Elizabeth Warren among senators looking to crack down on ‘junk fees’ from remittance providers

Banks Saddled With $30 Billion in Unwanted Debt in Risk Exodus

Debt Collection Tips For Law Firms

8 updates on medical debt

Medical Debt, Collection Practices Targeted In New State Laws

CFPB Releases Findings On Credit Reporting Agencies’ Complaint Responses

Merchant Cash Advance Providers Banned From Industry, Ordered To Redress Small Businesses

New York Governor Signs Bill On Money Judgments

BNPL Gains Favor as Budgeting Tool for the Financially ‘Worry-Free’

Hudson River Community Credit Union donates $20,000 to area youth centers

Credit Conundrums: Paying Off The Holiday Debt Into The New Year

Consumer spending jumps past pre-pandemic levels amid online boom

Georgia Federal Court Dismisses Claims Against Debt Collector For Calls Made To Debtor’s Mother

ACA Renews Request For Emergency Injunction In Lawsuit Over Nevada Medical Debt Law SB 248

Biden Won’t Extend Student Loan Relief And Confirms Student Loan Payments Restart February 1

Medical debt in the US: 11 numbers to know

Banks unable to build on rate rise bounce

Equifax to add ‘Buy Now, Pay Later’ programs to credit history

Patients, Advocates Applaud State Medical Debt Rules For Better Protecting New Mexicans

Three New ACA Education Sessions Slated for January

New Medical Debt Collection Bill Protects Consumers

CFPB Opens Investigation Into Buy Now, Pay Later Credit Programs

Omaha man warns fishy debt collection call around holidays

Commercial Credit Acquires Keystone Equipment Finance

Student Loan Payment Pause Extended Through May 1

Credit Acceptance Settles Mississippi Lawsuit Over ‘Unfair And Deceptive Practices’

Pennsylvania Exempts Canceled Student Loans From Taxes

Tyndall Federal Credit Union deposits $11 million into members’ accounts

65% of Americans Have Made a Purchase with a Credit Card in the Last 12 Months

American Express Expands Partnership with Nova Credit to Help Extend Credit to More Newcomers to the U.S.

California Debt Collection Licenses Due By End Of Year

Almost 100,000 Americans fell victim to credit card fraud

Student Loan Payments Restart Soon: What You Need To Do Now

Using Debt Verification And Debt Validation Letters To Respond To Collectors

TransUnion Forecasts Slow Growth In Consumer Credit in 2022

The New Reg F: Updates To The Fair Debt Collection Practices Act

Buy Now, Pay Later In CFPB’s Crosshairs

When Do Credit Cards Get Reported to the Credit Bureaus?

New Debt Collection Rules Could Lead To Scams

Lawmakers Warn FinTechs About Potential Bias Baked Into AI-Based Financial Tools

‘Debt collectors are chasing me for a £1.99 toy ice cream van’

Credit Union Conferences in 2022: An Evolving List

TransUnion Forecasts Originations to Non-Prime Borrowers Will Continue to Rise for Many Credit Products in 2022

DFPI Reaches Agreement To End High-Interest Rate Loans Marketed By LoanMart For 21 Months

Phantom Debt Collectors Permanently Banned From Industry In FTC Settlement

Credit Unions in the West & East Welcome New Talent

Should You Use A Credit Card To Pay For Medical Bills?

Loans can become unwanted debt

More than 30% of Americans have medical debt

Medical Debt Crushes Black Americans As Hospitals Sue To Collect

Credit Card Debt Rose By $17 Billion In The Third Quarter

Half of Americans Believe That Debt Won’t End at Retirement

California DFPI Seeks Comments on Modifications to Proposed Regulations Under Debt Collection Licensing Act

In the BNPL Future, Everyone is a Lender

PSCU Collaborates with CPI Card Group to Reduce Plastic Waste

Most Americans with Medical Debt Owe More Than $2000

Senator Doubles Down On Data Privacy, Sends Letter to CFPB

Visa launches crypto advisory service for financial institutions, merchants

Receeve, a debt recovery and collection platform, takes total funding to $16M with ABN AMRO

Servus Credit Union shares $54.6 million in profits with member-owners

PenFed Credit Union receives four 2021 Sarpy County People’s Choice awards

Wisconsin Hospitals Revved Up Debt Collection

CFPB Clarifies How Debt Collectors Can Contact You On Social Media

CFPB Announces Ceiling On Allowable Charges Under FCRA Will Increase In 2022

Current Mortgage Rates Tick Higher

Debt Collectors Can Now DM Debtors On Social Media

Debt Collection Rule And Call Limits

Credit card applications are on the rise

NY Consumer Fairness Act Impacts Debt Collection

Credit Card Balances And Household Debt Rise To Pre-Pandemic Levels

Buffalo-Based Debt Collection Businesses Shut Down By NYS Attorney General’s Office

U.S. Bank Profits Dip On Slower Reduction In Loan Loss Provisions

Encore Announces Findings Of Economic Freedom Study

Mortgage debt growth accelerates, but borrowing activity stalls

Millions more are buying now but paying later, credit data company Equifax finds

Class Action Targets Credit Card Processor for Merchants’ Claims of Fraud

Millions of consumers have cut their debts, so why are financial experts sounding alarms?

Illinois Judge Sees No Injury Over Partial Reveal In Debt Collection Letter

Synchrony Bank To Pay $3.5M To Settle Debt Collections Lawsuit

Fair Debt Collection Suit Over Disclosure of Consumer Info Removed to Fed Court

PenFed Credit Union Partners with Wreaths Across America to Honor Veterans and Provide Remembrance Wreaths for Gold Star Families

Mountain West Credit Union Association President and CEO Scott Earl announces retirement

California Utilities Leaving Millions in Debt Relief on the Table

Equifax, Others Sued over Fair Credit Reporting Act Claims

Eleventh Circuit Revises FDCPA Decision In Hunstein Case

Congress Urges CFPB To Crack Down On Inaccurate Credit Reports

Americans Have Never Been In So Much Debt

Credit card interest rates are near all-time highs

43% of Americans Have Less Than $500 Saved for Medical Bills

More than 50% of Americans are credit card ‘deadbeats’

Leominster Credit Union donates to Fathering Fathers

Medical Debt and Reg F: Communication, Communication, Communication

More than 10-million in SA have impaired credit records

Americans Paying 25% More Towards Car Loans Than 10 Years Ago

CFPB Concerns About Section 1071 Regulatory Burdens on Small Banks

Freddie Mac Wants Landlords to Report Rent Payments. That Could Help Renters Build Credit

Irish Credit Bureau faces €1.84m redundancy costs as liquidation looms

Consumer Credit Use Grows At The Slowest Rate In 7 Months

U.S. Auto Loan Debt Balloons To $1.4 Trillion

Credit-card giants shrug off rising buy-now, pay-later threat

Alliant Credit Union Provides Three Loans Totaling $51M for Student Housing Deals in Southeast, Texas

FTC Returns Money To Consumers Harmed By Phantom Debt Collector

Small banks, credit unions warned to brace for pandemic aftershock

Congress’ Meddling With Your Credit Card Fees Could Cost You

Card Issuers Have Resisted Slashing Credit Limits During Pandemic

Painful Debt: How Credit Card Bills Can Hurt Your Health

Navigant Credit Union announces two promotions on award-winning residential mortgage team

Justice Department Obtains Over $1.5 Million from American Honda Finance Corporation to Compensate Servicemembers Whose Federal Rights Were Violated

Big banks resist most direct road map to net zero emissions

With U.S. Credit Default No Longer a Likely Threat, Eyes Turn Back Toward the Fed

CFPB Report Examines Credit Card Debt Decline

Minorities hit hardest by student loan debt

PenFed Credit Union Receives Gramercy Institute’s ‘2021 Financial Content Marketing Award’ in Consumer Lending Category

Tuberville Bill Would Nix Proposed IRS Bank Monitoring Measure

Record number of credit cards opened in June

Will Medical Bills Impact My Car Buying Ability?

Student Loan Forgiveness Won’t Be Available For Everyone, But This Plan Is Available Now

Equifax, Prosper Marketplace Sued Over Credit Report Claims

Big Credit Card Issuers Make Their Moves In Buy Now/Pay Later

Student Debt Weakens Retirement Security

Facebook To Act As Debt Collector For Everyone But Civilian White Men

NCUA has asked credit unions to comment on crypto. So far, crickets.

DFPI Bulletin Digest: September 2021

Monterey Financial Services Acquires Continental Central Credit

D.C. Mayor Makes The Call On Amended Debt Collection Legislation

Credit Card Revolving Debt Approaching $1 Trillion

Payday Lenders Lick Their Chops in Anticipation of New Loan Surge

No, Biden Can’t Forgive Student Loans By Executive Order

FTC Approves Changes to Five FCRA Rules

Education Department Garnished Wages For Student Loans Despite Covid-19 Moratorium, But 11,000 Borrowers Still Need A Refund

Credit Acceptance Announces Resolution Of Litigation With Massachusetts Attorney General

Mountain America Credit Union Celebrates 100th Branch in Henderson, Nevada

Debt Collector Hit By Massive Ransomware Attack

CFPB initiates new credit card agreement technical specs

6th Cir. Holds Mere Confusion Does Not Impart Article III Standing, Reverses FDCPA Ruling in Favor of Defendant

Credit Card Charge-Offs: The Lowest Rate since 1985

TransUnion To Buy Consumer-Data Aggregator Neustar For $3.1 Billion In Cash – Yahoo Finance

U.S. Bank Profits Drop As Industry Slows Reductions In Credit Loss Provisions

Debt Collecting Company Faces Lawsuit After Single Phone Call In Attempt To Collecting An Alleged Debt From The Plaintiff

Amazon and Walmart are cutting out banks as they crack the code for finance

FTC Clarification On FCRA Rules Applying To Motor Vehicle Dealers

TransUnion To Buy Information Services Firm Neustar For $3.1 Billion In Cash

Credit card debt plagues renters as eviction moratorium expires

Credit Acceptance (CACC) Settles Auto-Loan Lawsuit, To Pay $27.2M

Citigroup Credit Card Delinquency Rate Improves; AmEx Holds Steady

Minnesota Regulator Issues Consent Order Against Lexington Law

FTC Sends Refund Checks To People Harmed By Abusive Debt Collector

Why some backers of student lending product welcome CFPB crackdown

The CFPB Looks to Increase Transparency for Small Business Loans

CFPB Finds That Income Share Agreements Are Credit Products

U.S. Credit And Debit Card Spending Up 21% In July

Debt collection: The hidden downside of BNPL

The CFPB Latest Proposed Rule Focuses on Small Businesses’ Access to Credit

Debt Collector To Repay $1.6M To Washington Consumers

Negative Media Coverage Is Curtailing Medical Debt Lawsuits Against Patients

Rethink Debt Collection with AI and ML

CFPB Issues NPRM on Dodd-Frank 1071

How to minimize credit damage from medical bills

Hospitals Stopped Suing Patients For Unpaid Medical Debt After Media Exposure & Public Pressure

California Licensing Requirements Checklist Posted On NMLS

Judge Grants Final Approval To $1.1 Million Settlement Against Debt Collector

California must end legal abuse of borrowers by collection agencies

Mississippi hospital has sued more than a hundred of its own employees over medical debt

Credit Card Issuers Struggle To Meet Evolving Customer Expectations

Georgia Settles With Debt Collection Company

FHFA Announces Fannie and Freddie Housing Goals Through 2024

CFPB Says Loan Originations Rose in 2020, Led by Refinancing

Medical Debt Soars To $140B; States Without Medicaid Expansion Hit Hard

Funding Circle Debt Buyer Wrongly Shared PGs With Credit Agencies

Majority of Navient borrowers ‘underwater’ on student-loan payments

New Bill Would Allow Student Loan Bankruptcies

A senator said 3 decades ago the student-loan system was broken. Everything has gotten worse since.

California DFPI Seeks Several Comments On Draft Regulations, Including Debt Collection Licensing Act

Medical Debt Firm Liable For Violating Do-Not-Call Request, Appeals Court Rules

Fannie’s New Rental History Credit Boost Not as Simple as it Sounds

‘All-In’ 36% Rate Cap Would Reduce Access To Credit For Millions

T-Mobile Says Hack Exposed Personal Data of 40 Million People

64 Debt Collection firms file for registration with National Bank of Ukraine

10th Circuit Agrees Debt Collection Agency Violated Law In Contacting Consumer

Senators probe Amazon’s biometric payment system, Amazon One, over privacy concerns

Student loan companies spend millions on lobbying amid extended loan moratorium

Healthy Credit Market Drives Lending Rebound

Healthy Consumer Credit Market Drives Return to Lending

Student Loan Cancellation Through Bankruptcy More Likely Than Wide-Scale Student Loan Forgiveness If Congress Passes This New Bill

Americans’ debt rose $313B in Q2 – here’s how to help pay yours down

Medical debt is hitting hardest for people in the South

Consumer Credit Default Indices Show Fourth Straight Drop In Composite Rate In July 2021

Eastern District Of NY Dismiss Six FDCPA Cases Over Language Use

Georgia Reaches Settlement with Turtle Creek Assets after Allegations of Violating Fair Debt Collection Practices Act and Georgia Fair Business Practices Act

Small banks and credit unions fear heavier toll from new lockdowns

Millions Of Americans See Credit Card Limits Cut And Accounts Closed During COVID-19 Pandemic

Nearly one million credit cards offered on underground forum

FTC Sends Nearly $2.3 Million In Refunds To People Who Lost Money To Credit Card Debt Relief Schemes

Auto Loan, Credit Card Applications Hit Records in the US

‘It Broke My Heart’: St. Dominic’s Debt Collectors’ Tactics Cause Lasting Damage

June Case Filings Up For FDCPA, FCRA and TCPA

Senators Introduce Bipartisan Bill To Allow Student Loan Discharge In Bankruptcy

Lenders, Debt Collectors Got Millions In Pandemic Bailouts

NJ Court Rules In Favor Of Bank After Wrong Number Added

Eviction moratorium could leave landlords, tenants in the lurch with growing rental debt

Washington, DC City Council Unanimously Approves Amended Debt Collection Legislation

New Mexico Sets Rules To Launch Pandemic Debt Collection

Consumers are charging much more than credit card balances might suggest

Loan defaults drop below pre-pandemic levels

Can a Debt Settlement Firm Charge Upfront Fees?

Hunter Law Puts Limit On Debt Collecting For Municipal Ordinance Violations

A New Think Tank for Debt Collection Issues In California

Discharge Student Loans In Bankruptcy? Courts Disagree — But Reform Could Be Coming

7th Circuit Shrinks Lawyers’ $59 Million CFPB Penalties

Graduate Students Owe Nearly Half of All Student Loan Debt

Senate Economic Policy Subcommittee Sets Hearing On Student Loans

Californians Took Out 40% Fewer Payday Loans Amid Pandemic

$113M Caro Federal Credit Union takes on Wells Fargo

Medical Debt Now Outweighs All Other Personal Debt In U.S.

How Banks Are Helping Low-Income Americans Save for Their Futures

American Bankers Association cites value for businesses in accepting credit cards

7th Circuit Says Credit Agencies Need Not Dig Into Debt Ownership

AG Healey Warns Debt Collectors That Child Tax Credit Payments Are Off Limits

California Debt Collection License Applications Will Be Available Sept. 1

Tax Refund Offsets For Student Loans Set To Resume

Private Student Loans Can Be Discharged In Bankruptcy, Court Tells Navient

Consumer Delinquencies Fell In First Quarter

Colorado Repeals Ban on Credit Card Surcharges

Bill Would Allow Debt Settlement Companies To Operate In Ohio

Will Biden cancel student debt with an executive order?

New Rental Credit Reporting Partnership Aims to Help Renters—Will Landlords See Benefits, Too?

CFPB on Buy Now Pay Later and How to Put in Practice

3rd Circuit Ruling On Bar Codes Has Implications For Debt Collectors – JD Supra

Why Banks & Credit Unions Should Pounce on the ‘Payday Revolution’ – The Financial Brand

Navient must face broad borrower lawsuit over payment allocation – Reuters

DC makes moves to combat ‘aggressive debt collection’ after COVID protections expire – WTOP

Settlement Reached in Lawsuit Over Municipal CU’s Fraud & Corruption Case – Credit Union Times

President Biden Signs Bipartisan Bill to Curb Predatory Lending | The Crusader Newspaper Group – The Chicago Cusader

Biden administration cancels additional $55.6 million in student debt – USA TODAY

Americans Are At Least $27.6 Billion In Debt To Courts

Biden Removes Chief Of Housing Agency After Supreme Court Ruling

New Bills Would Reshape Credit Reporting For Private Student Loan Borrowers And Other Consumers

Consumer Demand For Auto Loans, Credit Cards Up 39 Pct In April

Preferred Collection And ACA Tell 11th Circuit That SCOTUS Opinion In Ramirez Supports Request For Rehearing In Hunstein

Consumer Files Complaint Against PayPal and TrueAccord Over Wrongful Debt Collection Practices

California Moves To Regulate Debt Settlement Industry

Credit Unions Helped Save Small Business

Senators call for consumer protections against ‘involuntary’ medical debt

New York DFS enters into two dealer finance charge consent orders

Congress considers credit-reporting overhaul, including putting government in charge of scores

Senators Urge Biden Admistration To Protect Patients From Medical Debt Collections

California Legislature Looks To Halt Child Support Debt Collections

Tori Spelling’s debt collector demands LA Sheriff’s Office force star to pay $6K debt

Transworld Systems Completes Acquisition Of Account Control Technology Holdings

CFPB Issues Consent Order Against Auto Lender For Fee And Interest Practices

Private Label Credit Cards Market Buffeted by COVID-19

Indiana District Court Grants Partial Summary Judgment for Defendant in FDCPA Case

Consumer Credit Default Indices Show Second Straight Drop In Composite Rate In May 2021

Connecticut Debt Collectors Can Continue To Work From Home

What Small Business Owners Need to Know About Credit

CFPB Releases Latest Supervisory Highlights on Consumer Reporting Accuracy, Debt Collection and Public Service Loan Forgiveness

Credit insurance industry ready to take back underwriting control as government reinsurance scheme ends

FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

New California laws address student loans

House Democrats Propose Government-Run Credit Reporting System

ABA Credit Conditions Index: Business and Consumer Credit Markets to Experience Sustained Rebound

Meet some Buffalo debt collectors accused of unlawful practices

Credit Card Balances Drop By Second-Largest Amount Since 1999

ACA International Welcomes New Members in May

Fears of Post-Hardship Defaults Overblown

Student Loans Report Claims Student Loan Servicers Failed You During Covid-19 Pandemic

Wisconsin District Court Orders Sanctions for Consumer Attorneys in Two Cases

As credit unions resume M&A, bankers renew attacks on tax exemption

What CFPB Data Sharing Rule Would Mean For Financial Institutions

Medical Debt Collection Bill Takes Effect July 1 In Nevada

U.S. government fails to collect over $1 billion in debt from nearly 1,300 colleges

Wisconsin Governor, Attorney General, Department Of Justice Sue Joint Finance Committee

Nevada Medical Debt Bill Clears Governor’s Desk

Subprime Auto Loan Company Settles Allegations It Turned Blind Eye to Shady Car Dealers

Nearly 9 million older Americans still have student loan debt

Trump Should Pay $560K For Border Visit Debt: Texas Judge

Agencies aren’t doing enough to stop online fraud

Minnesota Settlement On Medical Debt Saves Hutchinson Health Patients $184,000

Education Department discharges $500 million in debt for 18,000 ITT students

Big Banks Outperform Regions in Mobile Apps

Second Circuit Rules Debt Collector Did Not Violate FDCPA

Federal student aid head Richard Cordray talks student loans: ‘We intend and will hold the servicers accountable.’

American Express Ranks No. 1 in Customer Satisfaction in the J.D. Power U.S. Online & Mobile App Credit Card Satisfaction Studies

34% Of Consumers Have Found A Mistake On Their Credit Report

CUNA Strategic Services Announces Relationship with Zest AI to Support AI-Driven Lending

New Arizona Law Allows Debt Collectors Access To Your Home’s Equity

Consumer Debt Driven By New Mortgages, But Credit Card Debt At 6-Year Low

U.S. Household Debt Up Significantly Amid Pandemic, But Consumers Cutting Up Credit Cards

NCUA issues no bans for first time in four years

House Subcommittee Assesses Consumer Credit Reporting

Auto, Student Loans Fuel April Rise In US Consumer Borrowing

Debt Settlement Offer Without Interest Notice Upheld as Lawful

Credit Card Debt has Fallen during the Pandemic

With Credit Card Fraud Facing Extinction, ID Theft Looks To Fill The Void

Northern Credit Union to Deploy Scienaptic’s AI-Powered Credit Decisioning Platform

Eleventh Circuit Decision In Hunstein Places Debt Collection Business Models At Risk

Education Department Rescinds Policy Restricting State Oversight Of Student Loan Servicing Companies And Debt Collectors

U.S. Banks Are Poised For ‘Record Level’ Earnings In 2021

Credit Demand From Americans Fell During The Pandemic — Except In One Major Way

Debt Collectors May Be Called In To Recover $20m In Unpaid Hotel Quarantine Bills

Credit reporting accuracy benefits borrowers, lenders alike

Consumers have begun to open new credit card accounts

Delinquencies Fall For Real Estate-Backed Mortgages

Experian expands employment services with new tool

An Early Warning From Trades to Congress and Banks Over Military Base Issue

BrightStar Credit Union to break ground on new corporate headquarters

CFPB Auto Finance Consent Order: A Sign Of Things To Come For Add-On Products?

Fintech TrueAccord Reveals that CEO Ohad Samet Joins California Dept of Financial Protection and Innovation

United Federal Credit Union marks autism acceptance month with donation to the LOGAN Center

FDIC says credit card balances dropped in Q1

Subprime lenders battle for survival as regulator takes harder line

LendingClub CEO: Getting Ready For The US Consumer’s ‘Great Normalization’

NAFCU Introduces New Online Community: ONES + CFPB Supervision Network

Average National VantageScore® Credit Score Continues to Increase to 694; Up Six Points From Early Pandemic Levels

Wells Fargo, Bank of America Finance Predatory Lenders

Debt Collectors Can’t Garnish Your Stimulus Check

Credit card debt has plunged

Millions of Debt Mistakenly Added to Credit Report

House Passes Measure To Assist The Underbanked

Auto Loan Originations To Subprime Borrowers Drops While Prime-Risk Loans Increase

Auto Lenders Ease Credit Access In Q1

CFPB Orders DMB Financial To Pay $5.4M In Restitution To Consumers

Metrics Continue To Improve On Credit Card Delinquency

Toyota Motor shares gain for third day, hit record high

Mountain America Credit Union’s Goals Program with the Arizona Coyotes Donates $8,000 to Fighter Country Foundation

GreenState Credit Union looking to hire at least 40 people; offers incentive program for bilingual employees

House Passes Debt Collection Bill

New Law Blocks Debt Collectors From Stimulus Funds

Can Debt Collectors Haunt You Through Social Media?

Sample Language For Debt Collectors In Eviction Matters

Supreme Court Rules Attorney General Can Investigate Debt Resolution Company Accused Of Ripping-Off Clients

AG’s Office Takes Over Nearly $18M Of Pa. Student Debt

Visa switches on Apple Pay support in Japan

ACA Members and CEO Mark Neeb Share Implications of Hunstein Case for the ARM Industry in American Banker

Household Debt Climbs To $14.64 Trillion, Due To Jump In Mortgages And Car Loans

Bankers Worried Over Credit Card Balances Paid In Full

Illinois Will Now Grade Credit Unions and Mortgage Companies on Their Commitment to Fair Lending

Bristol University threatens to use debt collectors against rent strike students

Biden’s Education Secretary isn’t ruling out an extension of the student-loan payment freeze

U.S. Bankruptcies Have Been Cut In Half Since COVID Wave

DFPI Issues Proposal On Debt Collector Licensing Applications

After CFPB Refuses to Change FDCPA’s Strict Liability, 9th Circuit Permits Bona Fide Error Defense for Statute of Limitations Mistake

Fannie, Freddie overseer issues final rule on “living wills”

Credit Card Confidence Climbs Again in April

A millennial paid off $23,000 of student loans in 5 years thanks to 3 simple moves

Department of Financial Services investigating nursing home debt collection practices

Richard Cordray is Biden’s pick to oversee federal student loans

The Elizabeth Warren ally just picked to oversee US student loans could help make her debt-cancelation dream come true

1 In 4 Americans With Debt Are In Collections

Richard Cordray to oversee America’s student loans

California keeps millions in child support while parents drown in debt

Why Are Complaints About Credit Bureaus Soaring?

ACA Members Appointed to California’s New Debt Collection Advisory Committee

Debt Collectors Would Be Barred From Taking COVID-19 Stimulus Money

Student Loan Debtors Seek High Court Standard In Debt Discharge

More Americans’ Medical Debt Going To Collection Agencies Since Pandemic

Is the U.S. Student Loan Program in a Deep Hole? One Banker Thinks So.

UK Payday Lenders Start Suspending New Loans In Covid

WA Lawsuit Targets Court Practice Of Sending Unpaid Fees To Collections

ACLU files class-action lawsuit against Pierce County over court fees

Historical U.S. Credit Card Delinquency Rate Study

CFPB Rescinds Additional Policy Statements on Credit Reporting

CFPB Takes Action Against A Debt Settlement Firm For Directing Consumers To High-Cost Loans

Mortgage Payments Higher Priority Than Cars, Credit Cards

Paying Off Credit Cards Takes Money and the Right Mindset

Your Unpaid Dental Office Bills Need a Debt Collector ASAP!

Illinois is paying off $25 million in student loans

Third Circuit Rejects Debtor’s Claim that Invitation to Call Deceives Debtors of Legally Effective Means of Disputing a Debt

Auto Loan Delinquencies Rising; Cards Next?

New York State Debt Collection Suspended For 13th Time

House Financial Services Committee To Mark-Up Bills Dealing With Debt Collection

Attorney General Urges Action to Help Students With Loan Debt

CFPB Opens Comments On Proposed Delay In Effective Date

Freddie Mac Resources for Homeownership: In Times of Crisis, #HelpStartHere

Emergency Rule Bans Credit Scoring In Washington For 3 years

Consumers Shifted Credit Payment Behaviors in the U.S. and Other Global Markets as a Result of COVID-19

Wells Fargo profit beats estimates as credit costs stabilize

Department Of Education Halts Collections For Defaulted Borrowers

Federal Student Loan Debt Burden on Display in Senate Subcommittee Hearing

Ontario regulator to provide $500M credit facility to PACE Credit Union

United Federal Credit Union names Bill Golden Mortgage advisor in Carson City, Nevada

IRS fails to collect billions of dollars in tax debt each year

CFPB Fines Debt-Settlement Firm SettleIt For Abusive Practices

Bill On Medical Debt Awaits Governor’s Action

Community Association Pitfalls: State & Fed. Debt Collection Laws

Top mortgage lenders of 2020, according to early HMDA analyses

Biden Wants to Shut Down Credit Bureaus – What Would That Mean for You?

CFPB Seeks To Delay Effective Date Of Debt Collection Final Rules (Regulation F)

Acceleration in Student Loan Debt Could Block Millions From Homeownership

Maryland Medical Debt Collection Requirements Bill Awaits Governor’s Signature

9th Cir. Holds FDCPA ‘Bona Fide Error’ Defense Can Be Raised In ‘Out of Statute’ (Time-Barred) Debt Cases

5th Circuit Rules Law Firm Allowed To Send Debt Dispute Letters On Behalf Of Clients

Most big debt collectors backed off during the pandemic. One pressed ahead

CFPB And FTC To Crack Down On Unfair Eviction Practices

Medical, student debt to New York State suspension continued through April

CFPB Considers Extending Mortgage Forbearances through Year-End; What About Cards?

Oregon asks US Dept. of Education to forgive more ITT Tech student loans

Justices’ View on Credit Reports Carries Impact for Data Claims

Credit Market Conditions Improve Sharply for Consumers and Businesses

Senator Toomey Blocks Bill Protecting Stimulus Money From Debt Collectors

Pandemic, Credit Reporting Issues Send CFPB Complaints Up 54%

House Bill Would Protect Consumers From Predatory Debt Collectors

US Canceling Student Loan Debt for Over 40K Americans With Disabilities

Medical Debt Collector, 41 US States Reach Settlement Over Hack Of 21Mln Americans’ Data

Here’s a strategy to help you reduce credit card debt—if you do it right

Credit card borrowing falls to lowest in level in 4 years

What happens once the ban on foreclosures, evictions end?

Consumer Groups Say Medical Debt Bill Is a First Step, But More Is Needed

AG James Issues Guidance To Protect New Yorkers’ Stimulus Payments From Debt Collectors

What Is the FDCPA?

Delinquent Student And Non Fraud Past Felons Can Now Receive PPP Loans

Oregon Continues To Bar Debt Collectors From Going After Stimulus Money

CFPB charges student loan debt-relief operation

CFPB Encourages Financial Institutions And Debt Collectors To Allow Stimulus Payments to Reach Consumers

Congress May Cancel Student Loans More Than Once

WalletHub Reports Record $83B drop in credit card debt in 2020

41 States Settle With Collection Agency Over Data Breach Affecting About 21 Million Americans

CFPB Rules Discrimination By Lenders Based On Sexual Orientation And Gender Identity Is Illegal

IC Federal’s new CEO leans into outsider status

NY AG James Blocks Debt Collectors From Stimulus

Minnesota Legislators Push To End State Collection Of Tax Refunds For Private Hospital Debt

Credit Repair Industry Loses Bid to Halt CFPB, FTC Enforcement

7th Cir. Holds ‘Stress and Confusion’ Not Enough for Standing in FDCPA Case

FTC Staff Provides Annual Letter To CFPB On Debt Collection Activities

Toomey Blocks Bill That Prevents Debt Collectors From Taking Stimulus Checks.

Biden Just Canceled $1 Billion In Student Loan Debt

Consumer Credit Default Indices

After CFPB Refuses to Change FDCPA’s Strict Liability, Ninth Circuit Permits Bona Fide Error Defense for Statute of Limitations Mistake

Congress Urged to Stop Debt Collectors From Snatching Relief Checks

Hospital Debt-Collection Lawsuits Spur New Ways To Push Back

Consumer Credit Card Debt Hits Lowest Point Since 2017

Millionaires Owe IRS More Than $2B in Unpaid Taxes

Americans Paid Off $83 Billion In Credit Card Debt During Pandemic

Private Debt Collectors Can Seize $1,400 Coronavirus Relief Checks To Pay Creditors

NCUA board members call for reforming de novo process

Consumers In Mortgage Forbearance Could Drop Out Of Auto Market

Consumer Complaints Against Credit-Reporting Agencies Double During Pandemic

Van Hollen Looks To Curb Medical Debt Collections, Wage Garnishments

New York Extends State Debt Collection Until March 31

Why Americans will receive 48 billion robocalls this year

USDA temporarily suspends farm loan debt collections, foreclosures

NACM’s January Credit Managers’ Index Soars in the New Year

Will Biden’s CFPB Clamp Down On Subprime Auto Lenders?

Subprime Auto Buyers Pummeled By Pandemic

Seventh Circuit District Court Affirms That “Annoyance and Confusion” Without Detrimental Action is Insufficient to Establish an Injury in Fact

Can we solve the payday loan debt trap?

California Franchise Tax Board Suspends Certain Debt Collection Activities

Student debt cancellation should consider wealth, not income

Credit Unions Kept Pace With Mortgages in 2020

NY State Senator Introduces Bill To Tax Consumer Data Collection

Covid Loans Debt Collection Agency Abandoned

Millions of Americans are behind on their student loans

VA Again Extends Debt Collection Moratorium

Auto Loan Subprime Performance Lags

Consumer Credit Activity Continues to Rise from Pandemic Lows; Auto Loan Subprime Performance Lags

FHFA Extends Forbearance Policies For Up To 15 Months

Delaware Sues Debt Settlement Law Firm Centerdon Group

Lenders And Loan Servicers May Be Required To Report Delinquent Loans As Current Under The CARES Act

Small-Claims Debt Cases On The Rise In Philadelphia Court

TCPA’s Constitutional Infirmity Post-SCOTUS’s Barr Decision

Proposed State Bill Would Halt Some Student Debt Collection

CFPB Issues Small Entity Compliance Guide On Debt Collection Rule

No FDCPA Harm, No FDCPA Foul

Biden’s CFPB Focuses On Debt Collection As Early Priority

New Rule Lets Debt Collectors Contact Through Email, Text And Social Media

Biden Wants To Shut Down Credit Bureaus

CFPB Considers Halting Implementation Of Debt Collection Rules

Venmo’s Debt-Collection Practices Probed By CFPB

Evictions And Debt Could Spike When Pandemic Rent Comes Due

Why millions of Americans are now tapping credit unions for loans

New York Suspends State Debt Collection

New York AG Eyes Credit Acceptance Corp In Regulatory Probe

Suspension Of NYS Debt Collection Renewed For 10th Time

USDA Temporarily Suspends Debt Collections, Foreclosures On Farm Loans

How Debt Collectors Could Soon Be Able To Reach You Through Social Media

Senators Unveil Sweeping Bill To Discharge Student Loan And Medical Debt In Bankruptcy

Credit Card Fraud Cases Surge 29%

Student Loans Weigh Heavily On Black And Latino Borrowers In North Carolina

Credit Acceptance Announces Fourth Quarter and Full Year 2020 Results

Bankruptcy Filings At Their Lowest In 34 Years Despite Massive Unemployment

New York tenants may now be more than $2 billion in debt to their landlords

7th Cir. Holds FDCPA Consumer’s Confusion And Hiring Attorney Not Enough For Article III Standing

Elizabeth Warren calls for new leadership to oversee student loans — and calls Betsy DeVos era a ‘disaster’

51 Million Americans Increased Their Credit Card Debt Because Of Covid

New Program Reclaims More Than $141,000 In Unpaid Court Fees & Fines

New NCUA chief faces hard sell on consumer protection

Can Student Loan Debt Eat Up Your Social Security Benefits?

Biden expected to tackle student loan debt crisis, what the impact would be

CFPB Task Force Recommends Congress Authorize the CFPB to Issue Licenses to Non-Depository Institutions

Delinquencies Improved In Second And Third Quarters Of 2020

Big Banks’ Earnings Reflect the U.S. Economy Joe Biden Is Inheriting

Water crisis looms as California households struggle to pay bills, suppliers lose revenue

Debt collection scammers on the rise amid pandemic, stimulus payments

CFPB exempts some credit unions from escrow regulations

FHFA Continues To Extend Foreclosure And REO Eviction Moratoriums

UK Debt Collectors Want More To Do With Unpaid COVID Debts

As Medical Bills Continue To Be A Source Of Stress In 2021, Americans Look To Their Doctors For A Cure

Debt Collection Advisory Warning New Mexicans About Predatory Collection Practices

Student Loan Debt Forgiveness Could Be Closer Than Ever, But Challenges Still Remain

New York’s largest health system is reportedly suing 2,500 patients over unpaid medical debt even though most hospitals suspended their claims during the coronavirus pandemic

Federal Student Loan Forbearance Extended By Extra Month

Court Grants $122k Summary Judgment Against Debt Collector For Using Predictive Dialer To Contact Revoking Debtor

Alder Fined $600K For Using Consumers’ Credit Scores Without Proper Notice

Banks Keep Piling Credit Card Fees On Retailers. Congress Must Act

Credit Applications Are Down and Rejection Rates Are Up

Banks Still Have Cards to Play in Payments Race

CFPB Issues Advisory Opinion On Special Purpose Credit Programs

CFPB Rule Series Part Two: Credit Reporting 101

CFPB Rule Series Part Two: Credit Reporting 101

Collection House shares plummet on reinstatement

US Credit Card Applications Tumble

Credit Union Fraud Falls in 2020

Card Issuers’ Charge-Offs, Delinquency A Mixed Bag In November

Ninth Circuit Credits Experian Arbitration Clause and Class Action Waiver

Student Loan In Collections, But Now You Can Pay? Here’s What To Do

The average FICO Score for someone with a credit card balance in 2020 was 735, says Experian.

Sikorsky Credit Union Donates To Local Nonprofits

Debt Collection December 2020 Final Rule

CFPB Denies Guaranty Agency’s Petition To Set Aside CID

Debt Collection Calls: Do’s and Don’ts

15 States With the Most Student Loan Debt

Lawmakers Urge VA To Continue Deferring Debt Collections; Agency Says It Won’t

Congress May Cancel Student Loans In New Stimulus Package

Lenders: Get Set For 2021’s Ugly Wave Of Consumer Credit Collections

NCUA seeks input to improve transparency

Wisconsin Hospital Still Suing Patients For Overdue Debt Despite Vow To Curb Practice During Pandemic

Preparing for student loan payments to resume in February

Amex Platinum Adds $30 Monthly PayPal Credit – One Mile at a Time

How the Fed Stifles Lending

U.S. Department Of Labor Announces New OSHA Debt Collection Initiative

Firm barred from lending for unfair practices

Credit Card Apps (Mostly) Hold Their Ground In Latest Provider Ranking

SoFi to Launch a Credit Card for Paying Off Loans

CFPB Weighs in On the Side of the Debt Collector in FDCPA Dispute Over $0.00 in Interest and Fees

ACA International Responds To CFPB’s Updated Debt Collection Rule

U.S. Still Faces Possible Default Wave, Asset Declines Due To Pandemic

CFPB Said October 2020 For The Final Debt Collection Rule

7th Cir. Rejects FDCPA Claims That Collection Letters Falsely Implied Future Interest And Late Fees

Credit card issuers push for new cardholders heading into holiday season

Debt Collectors In California May Have Seized $700M On Scant Evidence & Other Questionable Practices

Big U.S. banks’ day of reckoning is delayed

Debt Collection Report Is Issued To Congress

Default rates dip in all major metros

District Court Holds Letter Notifying Debtor Of Change In Debt Ownership Can Fall Under FDCPA

Arizona Debt Collectors Amass $1.6 Million Using Threats, Intimidation

Only 11% of Federal Student Loans are Being Paid!

California Enacts Stronger Financial Protections For Consumers

The average American has $90,460 in debt—here’s how much debt Americans have at every age

Private schools group branded ‘insensitive’ over partnership with debt collection agency

Banks predict mortgage default rise and higher credit card borrowing costs

Do Federal Student Loans Need New Protections On Debt Collection?

CFPB Urged To Stop Credit Reporting Industry From Violating FCRA

Ohio Attorney General Sues Debt Collection Company, Alleges Illegal Harassing And Abusive Behavior

Auto Debt Complaints Are Soaring During Pandemic

Mortgage approvals, overdrafts and consumer credit remain below 2019 levels

Bank/Financial Earnings Releases Start This Week. All Eyes On Consumer Credit

Prime borrowers have a credit score almost 200 points higher than subprime borrowers

Student Borrowers Released From Legal Claims After New York Reaches Settlement With Transworld Debt Collectors

Debt Collectors Are Garnishing Wages During Pandemic

Serious Delinquencies Down, But Borrowers Face Challenges Ahead

Dallas company makes $135 million buyout bid for subprime auto lender

Debt Collection Agency awarded Gold Supplier status by Top Private Schools body

U.S. consumer borrowing falls on smaller credit card balances

CFPB Partners With Federal, State Agencies To Target ‘Phantom,’ Abusive Debt Collection

CFPB, FTC And State AG’s Announces Nationwide Crackdown On Abusive Debt Collectors

Delinquencies improve but credit unions ‘haven’t seen the bottom yet’

Oversized hospital bill paintings sold to pay off medical debts

Debt Collectors Are Thriving This Year – And Now They’re Filing Even More Suits

Credit Card Rates Aren’t Following Federal Reserve Rate Cuts

San Antonio’s USAA Bank receives failing grade from bank regulator

Encore Capital Group to Announce Third Quarter 2020 Financial Results on November 2

U.S. Credit Card Debt Fell In 2020’s Second Quarter

Credit Card Limits Being Cut Without Warning

Government debt collection practices slammed as “deeply flawed”

70% of banking sector debt affected by Covid-19 impact

Encore Capital Group Statement on Consumer Financial Protection Bureau Suit

AG Seeks Injunction Against Munster Debt Collector

How Mortgage Delinquencies Could Impact Property Taxes

Wisconsin, FTC And Federal Law Enforcement Partners Announce Nationwide Crackdown On Phantom And Abusive Debt Collection

Santa Ana Company To Pay Feds $835,000 To Settle Student Loan Scheme That Allegedly Netted $43 Million

The average credit score of a prime borrower is 767—here’s how much income and debt they have

Most Powerful Women in Banking

California Governor Approves Debt Collection Licensing Act

Buffalo-Based Illegal Debt Collecting Scheme Shut Down By The State

How Ruth Bader Ginsburg Paved the Way for Women to Get Credit Cards

Debt collection problems: StepChange call on government to ‘get its house in order’

Transforming Debt Collection In The Time Of Covid-19

One in four credit-cardholders couldn’t make payments in May and June

Operators Of Student Debt Relief Scheme Agree To Pay At Least $835000

Lloyds, ConnectedFi Team For Faster Credit Decisions

Tenth Circuit Limits Bankruptcy Protections For Private Student Loans

Snellings Law Launches New Site to Better Serve Commercial Collection Clients

Americans Near Retirement Age Have The Most Credit Card Debt

After five years of running S.D. debt recovery center, CGI plans to leave its state contract

ITT Tech Student Loans Won’t Be Collected Due To Lawsuit Settlements With States

CFPB Gets Tough With Debt Collectors As It Readies Rule

J. Crew Group Emerges From Bankruptcy

New York AG Finds Debt Collector Transworld Systems Misled Borrowers

Debt Collection Agencies Hit With Lawsuit By NY Attorneys General And CFPB

Student Loan Bankruptcy Discharge Ruling May Signal Boon To Borrowers

Legal win could position credit unions for more federal suits

Americans Rack Up $45B Worth Of Medical Debt In Collections

Credit card firms explore ways to get repayments

Fifth Circuit Affirms Dismissal FCRA Claims Based on Failure to Include a Single Credit Item on Credit Reports

Just 33% of Americans Checked Their Credit Reports in the Past Year, Down From Last Two Years

Latest financial study paints a rosy picture for consumer credit ]

Homeowners need to move fast to beat new mortgage refinance fee, experts say

Credit card debt down more than 20% since COVID struck

Car Sales Are Down Almost 20%, but Prices Are Setting Records

New York Attorney General Suspends Student Loan Payments For Another 30 Days

Student Borrower Protection Bill On Verge Of Passage In California

New California Law On Debt Collections Begins

Credit card firms split on fate of consumers while U.S. cuts aid

Student Debt Continues To Rise For New Pharmacists

CA Legislature Passes Debt Collector Licensing Bill

CFPB Announces Peer Review Of Out-of-Statute Debt Disclosures Research

Massachusetts Sues Auto Lender Credit Acceptance Corp

Debt Collector Fights For Its Right To Call Debtors More Than Twice A Week

CFPB report examines early impact of pandemic on consumer credit

1/4 Americans missed rent or mortgage payment in July

Massachusetts AG Requires Debt Buyer To Discharge 300K In Educational Debt

Lawsuit Over “Deceptive” US Student Loans Allowed To Move Forward

Debt Collector Cannot “Outsource” Statutory Duty To Avoid Errors Under FDCPA

CFPB Extends Comment Period on Request for Information on Ways to Prevent Credit Discrimination and Build a More Inclusive Financial System

NCUA, CFPB issue payday rule guidance, resources

Credit Card Delinquencies Take A Nosedive During Pandemic

Fannie, Freddie to Delay Mortgage Refinance Surcharge Until Dec. 1

CFPB And Bank Regulators Make Life Easier For Payday Lenders In The Covid-19 Pandemic

PayPal vows action after advocates flag ties to unaccredited schools

Bipartisan group of Senators call for refinance fee withdrawal

Credit Unions with the Largest Credit Card Portfolios

Federal Student Loan Payments Officially Suspended Until 2021: 0% Interest, No Collections, And Nonpayments Count Toward Forgiveness

Student Debt Is At An All-Time High At $1.5 Trillion

California’s Debt Collection Licensing Act Moves One Step Closer To Becoming Law

CFPB Credit Report Complaints Surge During COVID-19

Subprime Auto Loans Get Riskier, Harder To Come By

Law Firms Manage Client Collections Amid The COVID Crisis

CFPB Can Demand Docs From NY Debt-Collection Firm

New York AG Suspends Medical Debt Collection For 5th Time

U.S. Household Debt Falls For First Time In 6 Years

California’s Most Aggressive Debt Collector Says It’s Stopping.

Payment defaults expected to rise due to coronavirus crisis

Medical Debt Collection Firm R1 RCM Hit In Ransomware Attack

CFPB Complaints Surge During Pandemic, Led By Credit Report Complaints

Auto Lending Lags In Q2

Nearly 4 in 5 Voters Support Deferral of Student Loans Amid the Pandemic

Covid Triggers A Boom In US Debt Collection

Banks, Consumers Groups Tell CFPB: Don’t Rush Overhaul Of Redlining Law

Lenders Are Tightening Credit Requirements

One Thing the Pandemic Hasn’t Stopped: Aggressive Medical-Debt Collection

Delinquency Rate on Single Family Mortgages Rises Sharply in June to 2.48%

US credit card debt declines slightly in June

Subprime Buyers May Face Worsening Credit Conditions This Fall

Trump Suspends Student Loan Payments Through December 31

Debt collectors’ profits soar with people flush and easy to find

District Court Enters Nearly $13.9 Million Judgment In FTC Robocall Action

No TCPA Claims Against Debt Collectors Allowed!

Uncertainty about CFPB has banks leery of small-dollar lending

Colorado Updates State Debt Collection Law

Consumer groups sue CFPB over HMDA threshold increase

Consumer Finance Complaints Skyrocket

Senate Passes Bill To Protect Stimulus Checks From Debt Collectors

Americans Owe Nearly $1 Trillion In Credit Card Debt

CFPB Sues A Texas Student-Loan Debt-Relief Operation And Settles With Some Participants

CFPB statement clarifies credit reporting and CARES Act

Oportun Dismisses 1000’s Of Debt Collectors Lawsuits

Insurance company, debt collector review Dade City woman’s 4-year-old hospital bill

Consumers, Flush With Stimulus Money, Shun Credit-Card Debt

CFPB Files Lawsuit Against Chicago-Based Townstone Financial For Alleged Discriminatory Lending Practices

Student Loan Statute of Limitations: What to Know

Mass Attorney General Secures Loans Discharges & Refunds For Student Misled by Online Education Company

GOP Stimulus Bill Doesn’t Help With Student Loans

Nearly 25% Of All Loans, Credit Cards And Mortgages Are In Financial Hardship Programs

Hospitals Can Sell Patient Bad Debt to Charitable Organizations

Democrats Push Bill Allowing Student Loans To Be Absolved In Bankruptcy

Democrats Push Bill Allowing Student Loans To Be Absolved In Bankruptcy

How Tolling Orders May Complicate NY Mortgage Collections

Big FTC Win Against Student Loan Debt Relief Firm

New York Renews Suspension Of State Debt Collections

States With the Highest Credit Card Debts

Deep subprime borrowers incur $1,599 more interest on the average credit card balance than super-prime borrowers

Congress Debates Extending Student-Debt Moratorium

CFPB Releases Updated COVID-19 Consumer Complaint Data Showing a Decline in Debt Collection Concerns

70 Million People Just Had Their Credit Card Limits Cut Or Accounts Closed

FTC, Florida AG take action against credit card interest rate reduction operation

Consumer Credit Roiled By COVID-19

American Credit Card Debt Plunges During Coronavirus Pandemic

Supreme Court To Take Up FHFA Constitutionality

Ninth Circuit Addresses FCRA Standing Analysis and Emphasizes Importance of Remedial Measures

CFPB Issues Proposed Rule on Escrow Exemptions for Certain High-Priced Mortgage Loans

Americans with student debt owe $24,155 on average

Supreme Court Rules Against Law Allowing Debt-Collection Robocalls To Cell Phones

US House Passes Major Credit Reporting Reform

From super-prime to deep subprime, here are the 5 credit score categories you need to know

Bill That Would Mandate Debt Collector Licenses Passes Senate, Moves To Assembly

Supreme Court Orders Restructuring Of CFBP

NJ Sues Dept. Of Education To Stop ‘Unmanageable Loan Debt’

‘Flying Blind Into a Credit Storm’: Widespread Deferrals Mean Banks Can’t Tell Who’s Creditworthy

Advice to debt collectors in pandemic times: Watch your language

More than a third of Americans have a credit score that’s considered subprime

Washington AG Bob Ferguson Sues Debt Collector Over Misleading Letters

More Than 106 Million Loan Accounts Skipped Payments Since Pandemic Began

FHFA Extends Foreclosure Moratorium To End Of August

Cuomo And Attorney General Renewing Suspension Of State Debt Collections

DC Cir. Holds FDCPA Plaintiff Lacked Standing Under Spokeo

US Consumers Defer Payments On More Than 100 Million Loans

Wall Street Halts Massive Student-Loan Relief Deal In Court

Stop Seizing Paychecks, Senators Write To Capital One And Other Debt Collectors

FCRA’s Definition Of “Consumer Reporting Agency”

Can Gov. Newsom make rent, mortgage debt vanish?

Credit cards use depressing as pandemic rules the roost

CFPB to adopt price-based approach for qualified mortgage standards

Fourth TCPA Blow To Ringless Voicemail May Be The Most Painful One Yet

CFPB Complaint Volume Sets Another Record In May

Betsy DeVos To Be Sued Over Partial Debt Forgiveness Policy

Consumer Credit Shows Signs Of Recovery

Banks, credit unions extend mortgage relief due to coronavirus for another 60 days

Banks Canceling Credit Cards, Cutting Limits

Idaho Department of Finance Extends Remote Work Guidance

5 million student-loan borrowers may see their credit scores fall after CARES Act paused loan payments

Eleventh Circuit Partially Reverses District Court Decision Denying Motion To Compel Arbitration Upon Application Of Mailbox Rule

Wells Fargo settles lawsuit over denying DACA participants loans and credit cards

When China’s Aggressive Debt Collectors Come Knocking: ‘You Committed a Sin’

Consumer Credit Defaults Edged Down In April

California Tables State Consumer Protection Bureau Proposal

CFPB Reaches $18M FCRA Mortgage Violations Settlement

Senate Bill Would Ban Garnishment Of Relief Funds By Debt Collectors

Credit card originations down 73% due to coronavirus

Americans Fell Behind On Nearly 18 Million Credit-Card And Auto-Loan Payments Last Month

CFPB Issues Statement on Temporary Supervisory and Enforcement Practices for Credit Card Electronic Disclosures in Response to COVID-19

College Savings Plan Bankruptcy Exemption Bill Passes Senate

How student debt became a $1.6 trillion crisis

U.S. Consumer Credit Plummets In April As Credit-Card Use Tumbles By Record Amount

Americans paid off $60 billion in debt before COVID-19

Debt Collectors Block Robotext Class With New Autodialer Ruling

New York City Department Of Consumer Affairs Enacts Rule On Debt Collection Language Services

Kohl’s settles FTC case concerning identity theft records

Rent Collections in May Stayed Strong Despite Unemployment Increases, Yardi Matrix Reports – Yahoo Finance

Banks in talks over credit card holiday extension for borrowers

Debt Collector To Cut Jobs As Deal Fizzles

CFPB Enters Into Partial Proposed Settlement Of Lawsuit Against Companies And Individuals Involved In Offering Student Loan Debt Relief Services

CFPB statement, FAQs outline billing error responsibilities

Credit Card Lenders Clamp Down To Mitigate Coronavirus Risk

Auto recovery may take years, with $72 billion in new debt to pay off amid projected sales slump

Consumers might abandon credit cards and push $100 billion of spending onto debit cards every year because of Co-Vid19

Debt Collectors Could Get A Bailout In Democrats’ New Pandemic Relief Bill

Corporate Bankruptcies Will Top 2008 As Distressed Debt Soars Over Half A Trillion

Ninth Circ: Credit One Bank TCPA ATDS Definition Ruling

Credit Union Industry Leaders Commit to Taking the First Steps for Change

U.S. housing finance regulator unveils new capital framework for Fannie, Freddie

Credit card crunch continues as interest-free terms hit a record low

Dallas Law Firm Accused Of Filing ‘Predatory’ Lawsuits Against Patients To Collect Medical Debt

CFPB Taskforce Should Examine Impact Of Rulemaking

Here’s How A Massachusetts Debt Collection Bill Would Increase Protections For People Facing Wage Garnishment

‘Consumer credit scores are lower as we have changed the scoring process’

Student loan borrowers face ‘increased stress, anxiety, and depression’ amid coronavirus shock, survey finds

AmEx Shifts Hundreds Of Salespeople To Take On Collections Work

Texas Hospitals Continued To Sue Patients During Coronavirus Pandemic

CFPB Reaches Settlement For Use Of Consumer Reports To Market Debt Settlement Services

Should We Forgive All Federal Student-Loan Debt?

Texas State Supreme Court Orders Debt Collection And Rent Payments To Resume

California Bill Would Require Mortgage, Auto and PACE Forbearances and Restrict Payday Lending

CFPB Extends Comment Period For Supplemental Debt Collection Proposal; States Take Emergency SOL Actions

Trump’s Dilemma: Reject DeVos Debt Forgiveness Rollback or Anger Veterans

Millions Of Americans Skip Credit-Card And Car Payments

CFPB Gives Second Extension On Time-Barred Debt Proposal

7th Circuit Says Debt Collection Permissible Under FCRA

CFPB seeks $18m judgment against California mortgage company

Delinquent Mortgages Spike In April Due To COVID-19

Florida Governor Extends Freeze On Evictions, Foreclosures

54000 Still Getting Pay Held Over Student Debt

COVID-19 Debt Collection Call Prohibition Is Illegal

Texas Supreme Court Rules Eviction Proceedings And Debt Collections Can Resume Next Week

A Nation Of Zombie Borrowers Isn’t Inevitable—Even With More Debt

FTC Says Debt Collectors, Telemarketers Bilked Organizations For Subscriptions, Books Never Ordered

CFPB, other agencies post website for consumers seeking housing relief

Debt collectors are leveraging the court system more than ever

Nearly 50 Million Cardholders Had Credit Limits Reduced, Card Closed Involuntarily in Last Month Due to COVID-19 Impact

CFPB Announces Increase To Remittance Rule Threshold

State Wisconsin hospitals suing patients over debt amid pandemic

Credit-card use dives in March by most since 1989

US Consumer Borrowing Fell For First Time Since 2011

How Debt Collectors Are Transforming The Business Of State Courts

Millions are adding credit card debt during the COVID-19 pandemic

VA Suspends Debt Collection During COVID-19 Pandemic

Hiring A Debt Collection Agency Is Now Becoming A Common Practice For Every Organization

U.S. consumer credit increased at faster pace in February

U.S. Household Debt Reaches Another Record On Home Loans

Biden Announces New Policy To Create Public Credit Reporting Agency

Nearly 50 million Americans just had their credit card limits cut

Colorado Strikes Deal With Private Student Loan Companies For COVID-19 Relief

Companies are set to issue record debt for a 2nd straight month

Democrat senators to credit bureaus: Protect Americans’ credit scores amid the coronavirus pandemic – Yahoo Money

Changes To Fair Credit Reporting Act (FCRA) In The Wake Of COVID-19

California Governor Orders Debt Collectors To Stop Garnishing Stimulus Money

Should The Debt Collections Industry Stop All Collections In Times Of Crisis?

Navy Federal Credit Union to drop anchor in Fayetteville

Massachusetts AG Sued By Debt Collection Group Over COVID-19 Regulations

Wisconsin Regulators Warn Debt Collectors To Back Off During Pandemic

These States Are Stopping Student Loan Debt Collection

Wisconsin Governor Orders Restrictions On Debt Collectors

Credit Bureaus Resist Campaign For Clemency As Pandemic Pushes Millions Into Default And Delinquency

Private Debt Collectors May Still Go After Tax Debt

Nearly $1 Trillion In Mortgage Debt Could Be Delinquent This Year

Cares Act Effect On Fair Credit Reporting Act

Billions idled at banks after regulators balk at following Fed

States Place New Restrictions On Debt Collection Efforts Amidst COVID-19 Pandemic

Oregon, Washington And Illinois Order Private Debt Collectors To Stop Seizing Stimulus Checks

Rhode Island Attorney General Reminds CARES Stimulus Off-Limits To Creditors

Student Loan Debt Collection On Pause In California

For Americans With Bills to Pay, Help Is on the Way – Sort Of

NY Reaches Agreement On Student Loan Debt For Borrowers Impacted By COVID-19 Crisis

NCUA Establishes Coronavirus Emergency Fund Initiative for CUs

Wells Fargo is helping cardholders financially impacted by coronavirus

Massachusetts Attorney General Issues Emergency Regulation Prohibiting Certain Debt Collection Practices

Debt collection continues in US despite pandemic

Trump Orders VA To Pause Veteran Debt Collection Over Coronavirus

Debt collectors in trouble as backers turn tables

West Virginia Court Halts Debt Collection During Crisis

Groups Ask Ohio AG To Stop Collecting Student Debt During Pandemic

Idaho Issues Medical Debt Collection Advice

CFPB Offers Guidance On Credit Reporting During Pandemic

COVID-19 relief bill provisions help consumers protect their credit scores

NY Attorney General Bans Debt Collectors From Garnishing Residents’ Stimulus Checks

Debt Collectors Are Going After Consumers During The COVID-19 Crisis

NC Attorney General Works To Keep Debt Collectors Away From Stimulus Checks

Cuomo Tells Student Loan Industry To Suspend Collections And Late Fees

Illinois Offers Guidance To Licensed Collection Agencies Amid COVID-19 Pandemic

Don’t let the coronavirus pandemic burden millions of Americans with bad credit

Debt Collection Industry Deems Itself Essential To “Financial Health” Of Consumers, Fights Covid-19 Shutdown

US Eases New Bank Rule On Reporting Bad Loans

Here’s how hard the coronavirus shutdown will bite the big credit card lenders

Education Dept. Will Stop Collecting On Student Borrowers In Default

Consumer Cannot Avoid Arbitration in Credit One TCPA Suit

Fed May Finance Medical Response and More Under U.S. House Bill

District Court Agreed SCOTUS May Strike TCPA

Federal Financial Regulators Urge Banks To Make Small-Dollar Loans

Target Pays $2.3 Million To Settle Debt Collection Call Lawsuit

Chase, Citi, Capital One Offering Deferred Payments, Waived Fees, Increased Credit Limits During Coronavirus Outbreak

Federal Reserve To Lend Up To $300 Billion To Businesses, Cities

Call For Cuomo To Put A Hold On Private Debt Collection

Federal Student Loan Borrowers Are Getting Some Relief During Coronavirus Crisis

CFPB Releases Supplemental Notice Of Proposed Rulemaking On Time-Barred Debt Disclosures

CFPB Conference Will Explore Evolutions in Consumer Debt Relief

67 Million Americans May Have Trouble Paying Credit Card Bills

Which Consumer Lenders Are (and Aren’t) Helping the Most

A New Hurt in Italy From the Coronavirus: A Banking Crisis

Banks, credit unions closing branches in response to coronavirus threat

Calif. Credit Card Act & Duty to Defend

Credit Unions Stepping Up Operational Restrictions to Stem COVID-19

Fed Unveils Emergency Lending Program to Shore Up Credit Markets

A Surprising Number of Americans Have a Credit Score Above 700

5th Circuit: Non-party plaintiff cannot bring action to enforce violation of CFPB consent order

FTC files “piggybacking” charges against credit repair operation

Ninth Circuit Appeals Court Reverses Decision On FDCPA Defining A Debt Collector

Senate Rejects DeVos Rule Restricting Debt Relief For Bilked Students

Whistleblowers could land as much as $10M through new CFPB proposal

Four Keys Of A Successful Debt Collection Strategy

Jefferson Capital Acquires Canaccede Financial Group

How to Get Debt out of Collections in 9 Steps

Why Credit Card Stocks Got Hit Hard Today

Majority of Americans would consider financial products from a tech company instead of a bank or credit union

Ninth Circuit Holds All Class Members in Rule 23 Class Must Have Standing at Final Judgment to Recover Monetary Damages and Affirms Multi-Million Dollar FCRA Jury Verdict

Weiser Finds Fraudulent Calls, Debt Collection Most Common Sources Of Consumer Complaints

CFPB: Debt Collectors, Consumers Receive Clarity On Time-Barred Debt

Will New CFPB Rules Put Zombie Debt To Rest?

Zombie debt: What consumers should consider in light of a new CFPB proposal

Fannie and Freddie to make record high contributions to housing trust funds

CFPB Denies Debt Collection Law Firm’s Request To Set Aside CID

House OKs Bill Targeting Predatory Medical Debt Collectors

Nevadans with medical debt hit with murky collection practices

Record Auto Debt And The Consumer

Proposal Could Trick Consumers Into Bringing Dead Debts Back To Life

BBB Tips on Debt collection agencies

Using AI to improve debt collection

Bankruptcy Court (EDPA) Holds Servicer May Have FDCPA Liability for Proofs of Claim

Letters sent to those whose medical debt forgiven by ‘The Mystery Hour,’ RIP Medical Debt

Calif. Fed. Court Denies Class Certification In A TCPA Case

U.S. credit card debt has soared to $930 billion. Here’s what some presidential candidates would do to help

70% Of Americans Are Dangerously Close To Major Financial Trouble

New Credit-Loss Standard Could Benefit Lenders If Regulators Loosen Capital Requirements

More Americans Feel Confident About Taking On Debt In 2020, Even As Delinquencies Rise

Attorney Or Debt Collector? Suit Raises Questions About Lawyers And Billing Disputes

30,000 Borrowers Are Being Charged For Student Loans That Were Already Discharged

Democrats Press IRS On Protecting Taxpayers From Debt Collectors

Ford posts $1.7-billion loss, issues disappointing 2020 forecast

What the FICO credit score changes reveal about the precarious state of Americans’ finances

How to borrow money and avoid bad debt

The CFPB’s Economic Army To Promote Consumer Welfare

7th Circuit Class Actions: Niagra Credit

County In Rural Kansas Is Jailing People Over Unpaid Medical Debt

Here’s one place to get help tackling your finances, when you’re ready

Collection House latest to battle for survival

Military Hospitals Are Aggressively Going After Medical Debt

Household Debt Tops $14 Trillion As Mortgage Originations Reach Highest Volume Since 2005

I keep getting rejected for credit cards. How do I fix that?

District Court Voids Debt Collectors’ $2.5 Million Jury Award

Big banks’ ticking time bomb could cause the next recession

Dad Jailed Over Medical Debt from Son’s Leukemia Treatments and Wife’s Seizures

Next-Gen collections strategy

More Americans feel confident about taking on debt — here’s why they should exercise caution

Standing in TCPA Cases: How Many Texts Are Enough?

Warren Says Federal Power To Forgive Student Loans Already Exists

America’s Most Powerful Medical-Debt Collector

Pa. Higher Ed Assistance Agency Not A “Debt Collector” Under Law, Court Rules

Justice Department charges 4 members of Chinese military for massive Equifax hack

Hospital Debts Leading To Prison Sentences

Tennesseans still struggling with medical debt

Debt collecting firm Flemix fined for dodgy practice

Delinquency Rates On The Decline

Knowing the difference between a credit score and credit report

New Jersey Had The Highest Foreclosure Rates In The Country Last Year

Can California’s Mini-CFPB Pick Up Slack Left By Federal Agency?

Betsy DeVos’ approval rating is 28 percent as voters back investigations into student debt scandal

America is $23 trillion in debt. What that means for your budget

This is the student loan problem that no one talks about: Graduate school debt

Former Tenants Sue Fresno Eviction Lawyers Over Debt Collection Practices

LendingClub Is Riding The High Tide But Fails To Create Value

NY Proposes Substantial Restrictions In Debt Collection Licensing Bill

Sixth Circuit Holds That Debtor’s Anxiety Caused By Receiving Debt Collection Letters Was Insufficient To Confer Standing

Bill Would End Florida’s Practice Of Suspending Licenses For Driving While Broke

Debt Collector Beats Class Status in Suit Alleging False Threats

In Rebuke Of CFPB, States Look To Get Tough On Debt Collectors

How bankruptcy, civil judgments and tax liens affect your credit report

Starting A Debt Collection Agency From Home? Here’s What You Need To Know

More than 50% of the UK Adult Population is in Debt

1 in 5 Americans Have No Credit Score

ACA International Urges Senate to Engage with Stakeholders on Medical Debt Legislation

Hospital spent €10000 on debt collectors

Debt Collector Violated FDCPA By Failing To Identify Creditor

59% of Americans have a credit score above 700

Debt Collection for Businesses Is Now Easier Online

ACA Outstanding Opportunities

Recapping Top ACA Daily Articles in 2019

Credit Card Companies Block Payment Security, Competition

American Hospital Association Stays Mum On Debt Collection Practices

Debt Collection Letter Recipient Lacks Standing to Sue Law Firm

US home prices climb 5% from last October

25% of Americans have an error on their credit report

How Automation Can Improve Debt Collection

Confusion continues about Ellwood City hospital debt collection calls

Fintech Lenders Tighten Their Standards, Becoming More Like Banks

How some Alabama sheriffs force inmates into medical debt

Hospital Association Finally Eyes Aggressive Debt Collecting By Its Members

Why student loan debt is ballooning for those 50 and up

A church in California says it paid $50,000 to wipe out more than $5 million in medical debt for 5,555 struggling families in the LA area

Americans’ Credit Scores Highest Since 2011

Credit Card Late Fees Likely to Hit $40 in 2020

Can A Debt Collector Call During The Holidays?

Strong Consumer Credit Activity Expected In 2020

Supreme Court Refuses To Apply Discovery Rule To FDCPA Claim

Credit Card Delinquencies Could Reach 10-Year High In 2020

Mortgage Delinquency Rates Likely To Flatten In 2020

Household Debt Squeeze Drives Canadian Delinquencies Higher

Student Loan Debt Hurts Black Women Most

Will Betsy DeVos Be Held In Contempt Again?

Give CRA reform credit where it’s due

Private Debt Collectors Working For The IRS Raked In A Record $213 Million This Year In Back Taxes

7th Cir. Reverses Dismissal of FDCPA Claim Involving Statement That 1099C Form May Be Filed

Experian, Equifax, TransUnion Revised Consumer Class Deal OK’d

House Democrats blast DeVos for blocking debt relief to defrauded students

Debt Collector Warned For Likely Harassment, Coercion, Misleading Claims

How to pay off $20K of debt in a year

Consumer Debt To Reflect Impact Of A Slower, More Uncertain Economy

City Of Portland Sending Low Income And Homeless People To Private Debt Collection Agency

Capital One November delinquency rate rises

One-third of credit card debt is caused by medical expenses

Elizabeth Warren, Bernie Sanders Push For Debt Write-Offs

DeVos Orders Partial Loan Relief For Many Duped Student Borrowers

Canadians racked up $100 billion in credit card debt for first time ever and they’re not done adding to it

What consumers most want in 2020: a debt-free life

Student Loan Borrowers Could See Big Changes In 2020

U.S. Consumers Ramped Up Their Credit Card Spending In October

These Are the Consumers Getting Hit the Hardest by Credit Card Fees

Residents of these 5 states carry the biggest burden when it comes to credit card debt

New Jersey Law Firm Dodges Class Certification In Debt Collection Lawsuit

Investigate Debt Collection Policies Among Connecticut Hospitals

Memphis Hospital CEOs Reassess Policies On Debt Collection After Patient Lawsuits Draw Scrutiny

Debt Collector And Woman Sued Over Childhood Medical Bills Reach Settlement

Household Debt Continues Increase Since Recession A Decade Ago

U.S. Credit Card Losses For Top 100 Hit A 7-Yr Q3 High

53% Of Americans Turned Down Due To Bad Credit

Subzero Interest Rates Are Luring Insurers to Risk

Do Your Collection Policies Measure Up?

Apple Card faces investigation over sexist credit limit claims

Credit Union Trade Groups Endorse FedNow Payment System

More than 30,000 payday loans targeting the financially vulnerable taken out each week

Student loan reform group sues Education Secretary Betsy DeVos and CFPB Director Kathy Kraninger

US Farm Bankruptcies Spike Amid Trade War, New Debt Cap

Student Loan Forgiveness? After 10 Years of Public Service Work, 99 Percent Are Denied

How Medical Bills Bankrupt Hundreds Of Thousands Of People Every Year

The fastest-growing debt category in U.S. is not student loans or credit cards

The Critical Role Of Third-Party Collections In The Economy

Court Says Dunning Letter’s Language That Debt Collector “May” Issue 1099-C Could Be Misleading

Legislature looking at ways to alleviate burden of court fines and fees

Regulating debt collection is next ‘battle’ in war on payday lending

Senate Legislation Would Exempt Veterans From Business Loan Cap

The Long History of Debt Cancellation

Dean Bill Aims To Curb Aggressive Debt Collection Tactics Targeting Military Service Members

Second Circuit Rules Failure To Clarify Static Balance Of Debt Is Not A Violation Of FDCPA

LA is fast becoming a fintech hub as HMBradley launches another West Coast challenger bank

You’ll Never Guess How Few Gen Zers Have Credit Cards

Credit Acceptance: 3Q Earnings Snapshot

Government admits robodebt was unlawful as it settles legal challenge

The CFPB’s Debt Collection Proposal Empowers Consumers

House Financial Services Committee Debates FDCPA Amendments

FTC Stops Student Loan Debt Relief Scheme that Allegedly Bilked Consumers out of Millions

CFPB Exploring Advisory Opinions for Consumer Finance Companies

What It Means To Be A Debt Collector After ‘Obduskey’ Ruling

Debt-collection firm celebrates new Danville location

Debt Collector Beats Bulk Of DA Letterhead Lawsuit

Courts Struggle To Collect Debt In Texas

New FDCPA Legislation Gets Out Of Committee

RI debt collections still far below expectations

Household Debt Climbs To Record High, Delinquencies Rise

Second Circuit Court of Appeals Affirms that “$0.00” Debt Itemization for Static Debts Does Not Mislead Consumers

Americans Now Have A Record $14 Trillion In Debt

Subprime mortgage origination share remains small, but it’s growing

Minnesota Sues Companies That Allegedly Defrauded Student Loan Borrowers

1 in 5 Americans Has Subprime Credit

5.2 Million Student Loan Borrowers Could Face This Huge Financial Setback

Zombie debt: What it is and why it could come back to haunt you

NACM: October Credit Managers’ Index Rebounds

U.S. consumer credit growth weakens a bit in August

DeVos Violated Court Order To Stop Collecting On Corinthian College Students Debt

How Many Americans Have Good Credit?

No… Consumers Still Aren’t Drowning in Debt

New York Court Of Appeals May Settle Statute Of Limitations Issues Related To Mortgage Foreclosures

Student debt is not just a millennial problem

VanderSloot Pitches Medical Debt Bill To Legislators

Navy Federal Credit Union Ranks No. 1 for Customer Experience Excellence

U.S. Credit Card Users Owe Nearly $900 Billion

1 in 5 Students are Behind on Loan Payments

CFPB Extends Temporary HMDA Relief For Small Institutions

Credit Card Delinquencies In U.S. On Rise For Smaller Issuers

A Look At Millennial Student Debt

North Carolina county’s ambulance debt collection plan faces pushback

N.J. sued for requiring credit reports in Spanish, 10 other languages

AGs From 28 States Send Letter To CFPB To Stop Proposal Allowing Debt Collectors To Use Social Media

A Billionaire Gave $34 Million To Pay Off The Student Loan Debt For The Entire Class Of 2019 At This College

School lunch debt and lunch shaming is a problem that needs a national solution

Education Department Official Resigns, Proposes Plan To Wipe Out Student Debt

Betsy DeVos: Cancel Student Loan Debt? That’s “Crazy”

American Express Beats Earnings but Sees ‘Key Reversal’

PayPal is launching a Venmo credit card to help monetize the payment app

CFPB Creates Federal Consumer Finance Law Taskforce

State Law Offers New Means Of Debt Collection For City

22% of Americans Don’t Have a Credit Score — Here’s Why

Paying Off Student Loans Is Taking Much Longer Than Expected

Hospital Waives Medical Debts After Its Collection Practices Come Under Fire

SBA Encourages CFPB To Mitigate Proposed Debt Collection Rule

Chicago eliminates library late fees, forgives outstanding debt

Pennsylvania Governor Signs Bill On Do Not Call Requests

28 State AGs Argue CFPB’s Debt Collection Rule “Falls Far Short”

HSE under fire for hiring debt collection agencies

CFPB Releases its Report Examining Consumer Bankruptcy Trends from 2001 to 2018

The 21 cities in the US where people carry the most student loan debt

Medical debt hits more people in Texas in neighborhoods of color

NY Attorney General Sues Loan Servicer, Says It ‘Failed Miserably’ To Process Student-Debt Forgiveness Applications

Ensuring the best debt collection journey

Debt Collectors Could Start Using Social Media As Form Of Communication

Pennsylvania Attorney General to host Philly town hall on student debt crisis

Ninth Circuit Trebles TCPA Damages Against Debt Collector

Two-Thirds of College Students Take On Debt, but Amount Is Rising More Slowly

Number Of Graduates Defaulting On Their Federal Loans Declines

Illinois District Court Calls Out “Manufactured” FDCPA Lawsuit

District Court Says Law Firm Engaged In Professional Debt-Collection Services Exempt From MCPA Liability

Elizabeth Warren’s Bad Student-Debt Plan

CFPB Summoning Zombie Debt Back to Life

Ford Credit Finance Volume Drops 14%

U.S. Consumer Borrowing Posts Biggest Gain Since 2017

House passes bill to protect cannabis industry access to banks, credit unions

Protect Consumers, But Let Debt Collectors Do Their Jobs

Bernie Sanders Calls For Wiping Out $81 Billion In Medical Debt

California AG Becerra Says CFPB Proposed Debt Collection Practices Rule Falls Far Short

Survey Asks Voters Their Thoughts On Proposed Debt Collection Rule.

Savannah hires collection service for water bills

Student Debt Continues To Climb

North Carolina student loan debt reaches crisis level

CFPB Issues Summer 2019 Supervisory Highlights

Credit card retail payments outstrip cash for first time

NY DFS Chief Calls On CFPB To Strengthen Proposed Debt Collection Rule For Consumers

Over 200 Organizations Call For Protection From Debt Collection Industry

N.Y. Regulator Voices Objections To CFPB’s Debt Collection Plan

Debt Collection Industry Lauds CFPB’s Efforts To Eliminate Some Ambiguity Related To The Consumer Complaint Database

Payday loans cost Hoosiers millions

US Dep’t. Of Education Backs Loan Servicers Over Student Loan Borrowers

Debt-collection lawsuits from hospitals receive federal attention

Robocalls Continue To Pour In Despite FCC Efforts

Federal Reserve is poised to cut interest rates again

19% of ‘Generation Z’ say they understand credit

Unpaid Student Loans And Credit Card Debt Mount In US

$267 Million Judgement For 500K Debt Collector Robocalls

Banks, credit unions renew turf battle at hearing

California may point the way forward on payroll advances

California Debt Collector $267M TCPA Verdict

New CFPB Policies Address Innovation And Compliance

Lawmakers urged to tackle soaring student loan debt

Equifax breach settlement: If you want that $125 (or less), don’t ignore the Equifax email

Student loan experts sound alarm on ‘trillion-dollar blackhole’

US Consumer Borrowing Posts $23.3 Billion Gain

Collection Agency Accused Of Lying To Attorney General

Contractor collecting millions in debt for state

A $1 trillion US budget deficit is one big reason the Fed may have to cut rates

Debt-Collection Company Bringing Fewer Jobs To Danville Than First Announced In December

Retail Credit Cards Delinquency Rates Are Rising

Fannie and Freddie Reform Plan Gets An Incomplete

Some Michigan prisoners rack up tens of thousands in debt

Hundreds of credit union accounts compromised

Attorney General Phil Weiser Joins Multistate Lawsuit On Student Loan Debt

U.S. Unveils Rules On Forgiving Student Loans After School Fraud

Americans’ Debt Problems Compounded By Medical Expenses

Ireland is on the verge of a wave of home repossessions, mortgage debt expert warns

Consumer Credit Up $14.6 Billion

A Closer Look At The CFPB’s Proposed Debt Collection Rules

‘How does the Apple Card work?’: A guide to using Apple’s new credit card and its features

LAFCU credit union earns national gold awards for marketing

CFPB Says Chicago Debt Collector Made Bogus Threats Against Consumers

Americans Have $1.5 Trillion In Student Loans

Passing Interchange Fees To Consumers Works — When It’s Transparent

Derogatory Student Loan Debt Is Growing At ‘Stunning’ Pace

Ninth Circuit Weighs In On FCRA Requirement That Disputes Come ‘Directly’ From Consumers

FICO scores for refi borrowers reach six-year high, Ellie Mae says

What It Would Take for the Next President to Cancel All Student Debt

Consumer Debt Is Coming Back To Haunt Borrowers

Debt Collectors Keep Credit Market Flowing

Idaho Reviews Complete Switch To Nationwide Multistate Licensing System

Consumers racking up debt to make ends meet

Credit Card Late Fees Are Costing Americans More Than $3 Billion

Apple’s credit card has some very specific rules

Student Loan Debt is a “Stunning” Mess

Education Dept. scores a victory in long-standing battle with private debt collectors – SFGate

US Senate Banking Committee Launches Probe Of Massive Credit Card Data Breach

Pritzker Signs Bill Aimed At Limiting High-Interest Consumer Debt

Debt collector Credit Corp lifts FY profit

Consumer Credit Default Indices Show Higher Composite Rate

State Dept Can Revoke Passports For Tax Debt

Third Circuit: QR-Coded Envelope from Debt Collector

Household Debt—How Much Money Does Everybody Owe?

New York Hospital Debt-Collection Lawsuits Lead To Court Delays

Apple begins rolling out its fancy new credit card

US Department Of Justice Joins Debt Collector’s Statute

Chase Bank Forgives All Credit Card Debt For Canadian Customers

9th Cir. Holds TCPA’s Federal Debt-Collection Exception Unconstitutional

CFPB Study Shows Alternative Credit Models Lead To More Loans, Cheaper Loans

ABA slams non-member deposit proposal for federal credit unions

The ‘elephant in the room’ that’s keeping millions from saving enough for retirement

Cash-strapped Illinois counties chase down unpaid tickets from 1980s – Illinois Policy

The 15 States With The Biggest Debt Problems In America

Credit card fraud reports spiked 24% last year

ITT barred from collecting on private student loans

Student Loan Servicer Settles With NY Regulators Over Alleged Licensing Violation

Past-Due Student Loans, Credit Card Debt Could Weigh On U.S. Growth

Americans Now Have More Mortgage Debt Than Ever Before

CFPB Wants Feedback On Proposed Fed Rules For Collecting Debt

NYDFS Issues Proposed Student Loan Servicer Regulations

Sports Gambling Debt Collection In Iowa Put On Hold

U.S. lenders expect boat loans to remain ‘positive’ in 2019

Credit Card Perks Are Being Squeezed – Kiplinger’s Personal Finance

The College Debit Card Trap – Kiplinger’s Personal Finance

CFPB Debt Collection Rule Comment Period Extension

Credit Card Rates At Historical High In The US

Apple’s New Credit Card Has Arrived. Here’s How It Stacks Up Against Our Favorites

New State Law Aims To Limit High-Interest Consumer Debt

Florida residents are the fourth-worst in the U.S. for paying back loans

Brussels must make European banking a reality

NY Officials Call For Debt Collection Industry Standards

Ford Credit scales back leasing

Parents Are More Worried about Their Children’s College Expenses

10,000 in Appalachia will see medical debt forgiven, highlighting national issue

A modern financial dilemma: Will I retire before paying off my student loans?

CFPB Announces $60 Million Fine Against Debt Collectors

2 Upstate NY Debt Collectors Out Of Business, Face $66M In Penalties

CFPB Issues Report On Tradeline Reporting By Third-Party Debt Collectors

Equifax’s $700 Mln Data Breach Settlement Spurs Criticism, Calls For New Rules

Johns Hopkins Hospital: Union-buster and predatory debt collector

Is JCPenney the Next Retail Casualty? Stock Tumbles 10% on Bankruptcy Fears

US Private Student Loan Debt Market Is Now More Than US$100 Billion

Debt Collectors Flemix & Associates Face Disciplinary Action At Legal Practice Council

Equifax Settles With FTC, CFPB, States, And Consumer Class Actions For $700M

Credit Cards Increase As Borrowing Mechanism For Consumers

CFPB Finds 1-In-4 With At Least One Debt In Collection

Student Loan Debt And No Degree: A Crisis For Millions Of Borrowers

Apple Card: Are the Limited Rewards Worth It for the Privacy?

40 Million Americans Had Their Credit Card Declined In The Past Year

US Banks Boosted By Rise In Credit Card Spending

CFPB’s Proposed Debt Collection Rule Insights

Late Credit Card Payments Drift Up While Home & Auto Payments OK

FTC Stops Student Loan Debt Relief Scheme

7 ways to handle a debt collection lawsuit

FTC Shuts Down Student Loan Debt Relief Scheme

Judge Rules NCUA Does Not Owe Fired CEO Severance Pay

Private Tax Debt Collection Is Working

Americans With Credit-Card Debt Refuse To Cut Back On Travel

Can’t seem to increase your credit score? Here are 6 potential reasons why

US Consumer Debt Surges To Record Highs

There is no shortcut to debt relief — so don’t believe the hype

Students Could Soon Have More Resources To Deal With Debt Collectors

FTC Stops Student Loan Debt Relief Scheme, Charges Operators With Misleading Consumers

Circuit Judge Denies Consumer Chance To Enforce Her Debt Collection Rights

JPMorgan Chase credit card customers have a month to opt out of binding arbitration

Betsy DeVos gets sued over student loan relief program

Study: Virginia has less student debt than most states

U.S. Consumer Debt Is Now Breaching Levels Last Reached During The 2008 Financial Crisis

FTC And NY AG Settle With Phantom Debt Operation

Student debt forgiveness misses the hidden cause of rising college costs no one’s talking about

Experian: New Jersey Millennials Have 4th Largest Credit Card Debt at $5288 Average

Credit bureaus seek partners to keep up with fintech wave

Debt Settlement Firm Deceived Customers About Its Services: CFPB

Survey says 57% of Americans are unaware of the consequences of canceling a credit card

Federal Judge Rules New York Case Against Student Loan Debt Relief Companies Allowed To Proceed

Consumer alleges debt collection agency deceived him

Debt Collectors Wage Comeback

Fort Worth Firm To Pay Back $39.7 Million In Payday Loans

Consumer Credit Default Indices Show Drop In Composite Rate

Fargo school lunch debt will go to collections

Ninth Circuit Court of Appeals Finds TCPA Fails Strict Scrutiny– Severs Debt Collection Exemption to Save Statute

Senators Fight Letting Debt Collectors Send Unlimited Texts, Emails

How Much Collection Costs on Defaulted Student Loans Are

Officials applaud new student loan protections

Debt collection company adding 146 jobs in West Monroe

CFPB Filed No Fair-Lending Enforcement Cases Last Year

CFPB Supports Plaintiff In FDCPA Case

Student loans were canceled, but taxes an issue

Court Partners With Collections Firm To Offer New Payment Options

Robocalls And Debt Collection

Financial regulation for tech companies like Facebook just got more urgent

The Ongoing Fight Over Payday Loans

U.S. Consumer Borrowing Rose $17.5 Billion In April

Debt Collector’s Data Breach Exposed Info From 12 Million Patients

Over a third of college students already have credit card debt

U.S. Says $168 Million ITT For-Profit Student Loans To Be Forgiven

Attorney General’s Office Secures $2.2 Million In Student Loan Debt Relief

Debt Collector Predicts Payment Outcomes with TIBCO Data Science

House Robocall Bill May Target Debt Collectors Soon

56% Of Medical Practices Expect Debt Recovery To Take At Least 3 Months

Seven Charged In Scheme To Steal Employment Info For Debt Collectors

Credit Card Losses & Bubbling Consumer Confidence

51 Attorney Generals Ask Betsy DeVos To Forgive Student Loans For Disabled Vets

Texas Prohibits Collection Actions And Arbitrations On Time-Barred Debt

Credit, debit cards found to be ‘dirtiest payment method versus cash, coins, study says

Next decade is set to be transformative for small business finance

Student Loan Debt Climbs To Record High $1.4 Trillion in 2019

Lenders Raise Approval Rates to Counter Lower Volume in 1Q

What California cities have the biggest credit card balances?

California Is Considering Ending Criminal Court Fees and Wiping Out Billions in Debt

Major Credit Card Debt Plagues 1 In 5 New Yorkers

7th Cir. Creates Split on Spokeo Standing, Rules in Favor of Defendant in FDCPA Disclosure Case

Are you in the middle class? Here’s one way to know your status

Half of Americans Aren’t Taking Advantage of This Smart Way to Pay Off Debt

Elizabeth Warren to introduce bill cancelling up to $50,000 in student debt for most borrowers

32% Of People Filing For Personal Bankruptcy Carry Student Loan Debt

Amazon Credit Builder is a play for low-income Americans

Capital One, Discover prepping for next downturn

Law Firm Adds Appellate Heavyweight In CFPB Leadership Fight

Amazon Ventures Further into Credit Card Industry with Synchrony Partnership

FCC Robocall Ruling A Setback For Banks, Debt Collectors

Card Profits Of Big 6 Issuers Are Up

New Rules Would Change How Collectors Can Go After Medical Debt

Chase bank is quietly adding a forced arbitration clause to some credit cards

West Virginia Amends Consumer Credit And Protection Act

Just two in five Americans maintain household budget

US consumer borrowing up $17.5 billion in April – Oklahoman.com

Older Americans had a 40-point drop in their credit score in the 10 years since the Great Recession – MarketWatch

Chase Launches a Student Credit Card – NerdWallet

Credit Card Battle In Europe Now Also Has UnionPay Of China – Industry News Feed

CON: Holding colleges responsible wont reduce loan defaults – Coldwater Daily Reporter

Alliance Data to Offer Credit Card Services to Carter’s Unit

Proposed Medical Debt Relief Act Extends Waiting Period for Credit Reporting

Is The Dept Of Education Selling Your Student Loans?

Consumer Credit Default Indices Show Composite Rate Lower In April 2019

CFPB and FCC Disconnect: Debt Collection and Call Blocking

Why consumers just can’t stop complaining about credit bureaus

CFPB Scheduled Exams For Debt Collectors Outside Its Jurisdiction

Over One Third of College Students Reportedly Have Credit Card Debt

If You’re In Debt, Don’t Pay It Off – Do This First!

How new rules for debt collectors affect you

America Has a Debt Problem. Here’s the Viable Path to Fiscal Sanity

U.S. Is Stepping Up Enforcement Of Delinquent Student Loans

Maryland’s Consumer Advocates Push For New Debt Collection Laws

GAO On Student Loan Rehab Programs Asks CFPB For Clarification

Some Americans are using their retirement accounts to pay their student loans

Bernie Sanders and AOC basically want to ban credit cards

Consumers who paid to lower their credit card interest rate are getting refunds

Debt Collection Rules by CFPB – Mortgage-specific provisions

New Bill Would Amend FCRA by Delaying Reporting of Medical Debt

The 10 US cities where college grads are the most burdened by student debt

Household Debt Hits $13.6 Trillion

Washington Governor Signs Bills On Debt Collection

Debt Collection, Done Digitally?

Consumer Insolvencies in Canada Climb to Highest in 8 Years

How bad is Minnesota’s student-debt situation?

Building the FDCPA

U.S. Stepping Up Enforcement On Delinquent Student Loans

Crane Credit Union records new high in membership and assets

Should We Cap Credit Card Interest Rates at 15%?

Betsy DeVos releases more data on student loan debt

Banks Hold On To Riskier Credit-Card Loans Amid Higher Losses

More than three million people over the age of 60 still struggling to pay off student loan debts

CFPB Debt Collection Rules Published for Comment

This map shows Americans’ average credit score in every state

Some fake debt collectors may know a lot about you

Consumers Are Getting Smarter With Credit Cards

CFPB Sues Debt-Collection Agency Over Deception Allegations

Md. Consumer Advocates Push For New Debt Collection Laws

Credit card rates are now at their highest level in history and may weigh on the economy

New US Mortgage and Auto Loan Balances Fall in 1st Quarter

Subprime Auto Loans Gained Share In The First Quarter

NPRM’s Proposed Call Frequency And Time Limitations

Consumer car finance market falls by 1% in March

1.5 Million Mobile Users’ Card & Information Exposed

Debt Collection Industry Lauds Certain Elements Of The CFPB’s Historic Proposed Rules

Bernie Sanders, Ocasio-Cortez want to cap credit card interest rates at 15 percent

Credit unions fear fallout from Warren’s student loan plan

Credit Bureaus Draw The Most Consumer Complaints To The CFPB

The student debt crisis isn’t what you think it is

Elizabeth Warren’s plan to cancel student debt is popular with voters

The CFPB’s Imminent Fair Debt Collection Practices Act Rule Proposal

Credit company gives state formal notice of 150 Akron layoffs

Credit Card Debt At Record $870 Billion

How lenders check creditworthiness before approving personal loans

36% APR Limit Bill Introduced

Attorney General Hill Sues Equifax Over 2017 Data Breach

One in four millennials with 401(k)s are raiding retirement savings early to pay down debt

Consumer Credit Card Debt Climbs Slowly, but Steadily; Risk Varies between Top and Small Issuers

Student Loan Debt Still Impacting Millennial Homebuyers

CFPB, FTC Needs Stronger Role In Ruling With Credit Bureaus

Senate confirms Mark Calabria as head of Fannie, Freddie regulator

CBCInnovis Announces Credit Integration with Maxwell

‘Buy now, pay later’ deals blamed for many of Scottish consumers’ debt problems

Missouri Supreme Court Rules Courts Cannot Threaten More Jail Time For Failure To Pay Jail Debt

9th Circuit Rules Administrator Vicariously Liable For Debt Collectors’ Alleged TCPA Violations

FCRA Violations Alleged Against Auto Dealership For “Hard” Credit Pull

Payday Loans are Bad for Your Health, Study Says

More homebuyers misrepresent their income on mortgage applications

FEMA Data Breach Hits 2.3 Million Disaster Survivors: What to Do

St. Paul tallies up millions in delinquent trash bills

New Prepaid Card Rule Goes Into Effect

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