Plain-language articles on credit reports, disputes, consumer rules and business credit. Educational only, not legal advice.
It’s Your Choice? Not if politicians have their way. (AP Photo/Matt Rourke) ASSOCIATED PRESS Bernie Sanders and Alexandra Ocasio-Cortez have proposed capping credit card interest rates at 15%. It sounds appealing and benevolent, of course: wouldn’t people be better…
WASHINGTON (CNN) — The Education Department released new student loan data this week, as part of its plan to deal with student loan debt by giving…
Banks Hold On to Riskier Credit-Card Loans Amid Higher Losses More (Bloomberg) — More U.S. consumers are defaulting on their credit cards, but banks may be…
Millions of Americans over the age of 60 are still struggling to pay their student loan debt, according to CBS News. ADVERTISEMENT The news outlet cited data…
Wednesday, May 22, 2019 The CFPB’s proposed debt collection rules were published in yesterday’s Federal Register. Here is the link to the Rules https://www.creditandcollectionnews.com/viewer.php?url=https://www.creditandcollectionnews.com/uploads/CFPB%20Debt%20Collection%20Rules.pdf The publication of…
Minnesota residents can brag about more than their 10,000 lakes — they typically have the country’s best credit scores too. As in previous years, the midwestern…
WARNING: Some fake debt collectors may know a lot about you Catie Brown used to have Century Link for phone and internet. She says she owed…
MediaNews Group/Orange County Register/Getty Images Experian, a consumer credit reporting company that supports more than 300 million people and 40 million businesses across the U.S., just…
During the foreclosure crisis, a number of lenders, servicers, law firms, and others engaged in a practice where employees basically rubber-stamped thousands of foreclosure cases without…
ANNAPOLIS, Md. — Jailing a person for an unpaid debt has been illegal for almost two centuries in the United States. But in Maryland, a roundabout…
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