On August 12, the Georgia Attorney General announced that it entered an assurance of voluntary compliance with a debt collection company resolving allegations that the company committed multiple violations of the FDCPA and the Georgia Fair Business Practices Act. According … Continue reading →
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The Federal Housing Finance Agency (FHFA) proposed housing goals for Fannie Mae and Freddie Mac for 2022 to 2024. According to the organization, these goals will help ensure that Fannie and Freddie responsibly promote equitable access to affordable housing that reaches … Continue reading →
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If you wondered why the Federal Housing Finance Authority this week proposed requiring Fannie Mae & Freddie Mac to significantly increase goals for homeownership among minorities and low-income families, a new report from the Consumer Financial Protection Bureau (CFPB) offers … Continue reading →
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The debt estimate, from a study in JAMA, was up from $81 billion in 2016. Other reports look at the cost of prescription medicine and contraception. Axios: Americans’ Medical Debt Reached About $140 Billion In 2020 Americans’ medical debt added … Continue reading →
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Azzurro Associates, a debt buyer that acquired defaulted loans from peer-to-peer business lender Funding Circle, has incorrectly shared information that impacted the consumer credit files of almost 30 of those borrowers. According to a report in The Times, Azzurro said … Continue reading →
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Mario Tama/Getty Images The Education Dept. released data on Navient borrowers who made voluntary payments during freeze. It found that 63% of them are “underwater,” meaning they aren’t even $1 less in debt. Democrats say the student-loan-payment pause isn’t enough, … Continue reading →
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(Undated) — A new bill being considered in Washington would allow federal student loans to be discharged in bankruptcy. A Senate Judiciary Committee White Page on the Fresh Start Act says student loan debt is the largest debt in America … Continue reading →
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College graduate sitting outside. Sean de Burca/Getty Images Former Sen. Samuel Nunn said three decades ago that the student-loan system might be broken. Josh Mitchell’s new book “The Debt Trap” explains how student-loan companies continue to profit at the expense … Continue reading →
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The California Department of Financial Protection and Innovation (DFPI) continues to seek comments on the recently enacted California Consumer Financial Protection Law (CCFPL) and the Debt Collection Licensing Act (DCLA). On April 8, 2021, the commissioner of the DFPI initiated … Continue reading →
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Medicredit, a medical debt collector, is liable for violating a Colorado patient’s do-not-call demand, the 10th Circuit Court of Appeals said Aug. 17. The debt collection agency was retained by Colorado Springs, Colo.-based St. Francis Medical Center to collect an … Continue reading →
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