Plain-language articles on credit reports, disputes, consumer rules and business credit. Educational only, not legal advice.
By Pete Schroeder WASHINGTON (Reuters) -U.S. bank profits fell 1.2% in the third quarter of 2021 to $69.5 billion as firms were slower to shrink their credit loss provisions and grappled with low interest rates, the Federal Deposit…
SAN DIEGO, Dec. 01, 2021 (GLOBE NEWSWIRE) — Encore Capital Group, Inc. (Nasdaq: ECPG), an international specialty finance company, today announced the findings of its first…
“Low borrowing costs supported demand and gave some people an incentive to buy a home earlier than planned. [However], the surge in demand for housing wasn’t…
Almost 15 million consumers are using buy now, pay later credit, up by nearly a quarter from a year ago. Twenty-eight per cent of adults made…
An Atlanta law firm that landed more than $100 million in settlements against credit card processing firms over merchants’ billing complaints filed a new proposed class action…
Nationally, debt problems haven’t reached acute levels and, in some respects, have improved substantially. But the end of various support programs could turn the recent tailwinds…
By Lauraann Wood (November 4, 2021, 7:26 PM EDT) — An Illinois federal judge Thursday permanently tossed proposed class claims that a Georgia debt collection firm…
Synchrony Bank has agreed to pay $3.5 million to settle a lawsuit that alleged the bank harassed residents throughout the state with debt collection calls, it…
Counsel at Kaufman Dolowich Voluck on Friday removed a lawsuit against Weltman, Weinberg & Reis Co. to Pennsylvania Middle District Court. The suit, filed by Sabatini…
The decision to file bankruptcy is a uniquely challenging financial emergency. In fact, it’s not a single emergency at all. Bankruptcy is usually the result of…
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