Cars waited in line for handouts of surplus potatoes and other free items in Kennewick, Wash., on May 8. Photo: David Ryder/Bloomberg News By AnnaMaria Andriotis Close AnnaMaria Andriotis Biography @AAndriotis [email protected] May 20, 2020 10:36 am ET Millions of … Continue reading →
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The Consumer Financial Protection Bureau extended the comment period on a proposal to clarify rules for collecting stale debts for a second time. The CFPB said that it will accept comments on a proposal for time-barred until Aug. 4 because … Continue reading →
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In Stewart v. Credit Control, LLC, 2020 U.S. Dist. LEXIS 81332, the Northern District of Illinois dismissed a pro se claim against a debt collector. The plaintiff claimed that the debt collector, who pulled the plaintiff’s credit information to facilitate collection of a … Continue reading →
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The Consumer Financial Protection Bureau has filed a proposed settlement to resolve allegations that a California mortgage lender, along with several related individuals and companies, unlawfully obtained credit reports and charged customers millions of dollars in illegal fees. In January, … Continue reading →
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A study from Inside Mortgage Finance revealed that the COVID-19 pandemic sparked an increase in mortgage delinquencies for mortgages backed by federal agencies. The report showed that mortgages backed by Ginnie Mae saw the largest surge in delinquecies more than … Continue reading →
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Governor Ron DeSantis (Credit: Eva Marie Uzcategui/Getty Images) Florida Gov. Ron DeSantis extended the freeze on residential evictions and foreclosures until June 2. The governor’s emergency order, giving homeowners and renters more time in their homes if they can’t make … Continue reading →
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A Monday court filing from the U.S. Education Department says the agency was still garnishing wages from more than 50,000 workers who had fallen behind on their student loans more than a month after Congress ordered an immediate suspension of … Continue reading →
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So while everyone was looking at the big Supreme Court TCPA review, there was some unexpected and overshadowed news out of Massachusetts this week that is really a big deal. Turns out the state’s prohibition on debt collection activity–including phone calls–is … Continue reading →
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Evictions and debt collection proceedings can resume in Texas next week, the Texas Supreme Court has ordered, after the court temporarily put both on hold during the coronavirus pandemic. Eviction hearings can be held as soon as May 19, with … Continue reading →
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It has only been a year since Neiman Marcus restructured its debt to gain breathing space for a planned recovery. Photo: Nina Westervelt/Bloomberg News By James Mackintosh Close James Mackintosh Biography @jmackin2 [email protected] May 10, 2020 12:00 pm ET Can … Continue reading →
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