Plain-language articles on credit reports, disputes, consumer rules and business credit. Educational only, not legal advice.
Transworld Systems Inc. (TSI), the largest U.S. technology-enabled provider of accounts receivable management (ARM) solutions, announced today it has completed its acquisition of Account Control Technology Holdings, Inc. (ACT Holdings), a leading debt recovery, ARM and business process outsourcing…
The CFPB recently issued a consent order against an auto-loan finance company for illegally charging customers interest on late payments of its loss damage waiver fee…
ROCKVILLE, Md.,– According to Packaged Facts’ just-released report, Private Label Credit Cards in the U.S., transactions and dollar volume for private-label credit cards dropped sharply with the onset…
In Kinnick v. Med-1 Solutions LLC, an Indiana district court granted partial summary judgment for the defendant in a Fair Debt Collection Practices Act (FDCPA) case.…
NEW YORK, June 15, 2021 /PRNewswire/ — S&P Dow Jones Indices and Experian released today data through May 2021 for the S&P/Experian Consumer Credit Default Indices. The…
Connecticut’s no-action position on remote work, enacted in March 2020, allowed individuals engaged in certain licensable activity on behalf of consumer credit licensees to work from…
SAN JOSE, Calif., June 2, 2021 /PRNewswire/ — Many small business owners tap their personal credit when first starting their businesses or during downturns. However, your business…
In its latest Supervisory Highlights report, the Consumer Financial Protection Bureau shares findings from its supervisory work “highlighting legal violations identified by the Bureau’s examinations in…
When the pandemic hit, economists reeled at the potential financial consequences. Sustained closures, lockdowns and long-term restrictions were predicted to be so consequential they would lead…
The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure,…
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