In Heredia v. Capital Mgmt. Servs., L.P., No. 19-1296, 2019 U.S. App. LEXIS 33444, at *4 (7th Cir. Nov. 8, 2019), the Court of Appeals for the 7th Circuit held that a debt collector’s reference to the possibility of issuing … Continue reading →
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By the end of the Senate Judiciary Committee’s discussions, there were three possible ideas for reform proposals for the next legislative session: conversion of outstanding costs to civil debt, improved specialization of hearings to determine ability to pay and an … Continue reading →
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123RF Payday loans have been such a blight on communities overseas, many countries have moved to cap the interest and fees they change. New Zealand is finally following suit. The next battle in the war against high-cost lenders was the fight … Continue reading →
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CU organizations back legislation to exclude loans to veterans from the credit union MBL caps. (Source: Shutterstock) Two senators—one Republican and one Democrat—on Tuesday introduced legislation that would exclude loans to veterans from the credit union Member Business Loan cap. … Continue reading →
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Nov 12, 2019 21 Min read time An American colonist being released from debtors’ prison. Image: Wikimedia Moral thinking about debt has fluctuated throughout U.S. history. Today’s calls for cancellation suggest it may be poised for transformation once again. “I wanted … Continue reading →
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Congressional lawmakers have introduced scores of bills this legislative session to help veterans across the country, including one to end the so-called widow’s tax and another to extend pensions to Medal of Honor recipients’ families. Speaking at the dedication of … Continue reading →
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On November 4, the U.S. Court of Appeals for the Second Circuit affirmed a district court’s decision that a debt collector does not violate the FDCPA by sending notices to consumers that do not clarify that a debt is static. … Continue reading →
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Add HMBradley to the list of Los Angeles-based startups looking to shake up the world of high finance typically dominated by East Coast giants with names like JPMorgan Chase, Citigroup, Morgan Stanley and Goldman Sachs. The new Santa Monica, Calif.-based … Continue reading →
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Very few Gen Z consumers have credit. While this generation is still young, there are benefits to getting a credit card early. While millennials tend to get tons of attention when it comes to financial issues, they aren’t the only … Continue reading →
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SOUTHFIELD, Mich. (AP) _ Credit Acceptance Corp. (CACC) on Friday reported third-quarter earnings of $165.4 million. On a per-share basis, the Southfield, Michigan-based company said it had net income of $8.73. The results fell short of Wall Street expectations. The … Continue reading →
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