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Biden Won’t Extend Student Loan Relief And Confirms Student Loan Payments Restart February 1

January 2, 2022CreditBy toptierfinancial

The Biden administration won’t extend student loan relief and confirmed student loan payments restart February 1, 2022. Here’s what you need to know. Student Loans White House Press Secretary Jen Psaki confirmed to reporters during a press briefing that the … Continue reading →

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Medical debt in the US: 11 numbers to know

January 2, 2022CreditBy toptierfinancial

Medical debt plagues many Americans, was worsened by the COVID-19 pandemic and disproportionately affects people of color, according to studies, surveys and articles Becker’s has reported on since November. Here are 11 numbers to know about medical debt in the … Continue reading →

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Banks unable to build on rate rise bounce

December 31, 2021CreditBy toptierfinancial

Credit Suisse expects two 0.25 per cent rate rises next year Stable rate environment would keep loan default risks in check Shares in UK banks have failed to build on the gains made following the Bank of England’s decision to … Continue reading →

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Equifax to add ‘Buy Now, Pay Later’ programs to credit history

December 31, 2021CreditBy toptierfinancial

New ‘buy now, pay later’ trends could be good or damaging to credit Credit reporting agencies see the benefits and pitfalls. Retailers partner with firms for programs. ATLANTA – The ‘Buy Now, Pay Later’ trend is a good thing if … Continue reading →

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Patients, Advocates Applaud State Medical Debt Rules For Better Protecting New Mexicans

December 30, 2021CreditBy toptierfinancial

STATE News: New Mexico Together for Healthcare Tuesday applauded the Office of the Superintendent of Insurance for issuing final medical debt rules that reflect patient and advocate requests to strengthen the draft rules to better protect low-income patients. The medical … Continue reading →

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Three New ACA Education Sessions Slated for January

December 30, 2021CreditBy toptierfinancial

Register now to learn about charged-off debt management, digital communication, Reg F and much more in the new year. 12/28/2021 2:45 P.M. 2 minute read ACA International has new education events on accounts receivable management industry topics in January, highlighting … Continue reading →

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New Medical Debt Collection Bill Protects Consumers

December 29, 2021CreditBy toptierfinancial

The Nevada and New Mexico Legislatures recently enacted new laws that address medical bill information and collection practices. The measures took effect in July. How does the Nevada law affect debt collectors, hospitals and patients? Does it sufficiently protect consumers? … Continue reading →

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CFPB Opens Investigation Into Buy Now, Pay Later Credit Programs

December 29, 2021CreditBy toptierfinancial

  With the rise of buy now, pay later credit programs, the CPFB is opening an investigation to ensure they’re not harming consumers.  (iStock) Five lending companies were subject to an investigation by the Consumer Financial Protection Bureau (CFPB) as … Continue reading →

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Omaha man warns fishy debt collection call around holidays

December 29, 2021CreditBy toptierfinancial

OMAHA, Neb. (WOWT) – A warning tonight about claims you owe a debt. Some people are getting phone calls threatening legal action. A call just before Christmas didn’t leave Stephen Hawthorne with feelings of comfort and joy. “They threatened to … Continue reading →

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Commercial Credit Acquires Keystone Equipment Finance

December 29, 2021CreditBy toptierfinancial

Commercial Credit, a Charlotte, NC-based equipment and accounts receivable finance company and the parent company of Commercial Credit Group and Commercial Funding, acquired Keystone Equipment Finance. Terms of the transaction were not disclosed. Based in Connecticut, Keystone Equipment Finance provides … Continue reading →

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