Consumer advocates are calling on the U.S. Supreme Court to provide a uniform, nationwide standard for what debtors must prove to eliminate student loan debt in bankruptcy. Wiping out student loan debt through bankruptcy is exceedingly difficult. The bankruptcy code … Continue reading →
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Katie Adams – Thursday, April 29th, 2021 Two and a half million more people than usual had their medical debt enter collections since the pandemic began, personal finance company Credit Karma told CBS News in an April 28 report. Credit … Continue reading →
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In 2018, Betsy DeVos, then U.S. education secretary, called JPMorgan Chase & Co. Chief Executive Jamie Dimon for help. Repayments on federal student loans had come in persistently below projections. Did Mr. Dimon know someone who could sort through the … Continue reading →
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Is your credit rating hindering your finding cash quick? Pay off the loan installments in time to avoid any burden and to enhance credit rating. However you continue to need to repay one of your credit score accounts. He then … Continue reading →
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Pierce County’s practice of referring court debt to collections agencies violates the constitutional rights of those who can’t afford to pay, a recently filed class action alleges. The lawsuit was filed on behalf of Eddie Lemmon, a 56-year-old Tacoma man, … Continue reading →
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The American Civil Liberties Union of Washington is suing Pierce County over court fees. The nonprofit organization filed the class-action lawsuit on Monday, claiming the county has violated the constitutional rights of thousands of people by referring their court debt … Continue reading →
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Credit card delinquency rates, as measured by the Federal Reserve Bank of New York for accounts that are 90 days or more late in making payments, have ebbed and flowed with economic conditions over the decades but reached their all … Continue reading →
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The Consumer Financial Protection Bureau has rescinded additional policy statements with implications for Fair Credit Reporting Act compliance and resulting in changes to communications about supervisory actions. The CFPB announced it is rescinding seven policy statements issued in 2020 that … Continue reading →
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On April 13, the CFPB entered into a preliminary settlement with an online debt-settlement company for allegedly violating the CFPA’s prohibition on abusive acts or practices and failing to clearly and conspicuously disclose total cost under the Telemarketing Sales Rule. … Continue reading →
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Vehicle loan payments are expected to take a back seat to mortgage bills for the fourth year in a row when it comes to U.S. consumers’ payment priority. Chicago credit bureau TransUnion’s global payment hierarchy study, published Wednesday, suggests vehicle … Continue reading →
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