Plain-language articles on credit reports, disputes, consumer rules and business credit. Educational only, not legal advice.
In Mason v. Midland Funding, plaintiffs Mason and Burnett brought an action against a debt collector and its subsidiaries claiming that they violated the Fair Debt Collection Practices Act by allegedly filing lawsuits to collect on unpaid debts…
Wells Fargo Bank will make loans and credit cards available to young, undocumented immigrants in the DACA program — as long as it lasts — and…
By Stella Yifan Xie Close Stella Yifan Xie In China, banks and internet lenders trying to collect on a growing pile of overdue credit-card bills and…
Q. I have started the process of paying off credit card debt. It was suggested to me that I contact the credit card companies (more than…
Consumer credit defaults saw a downshift in April, with three of the five metros posting month-over-month declines in default rates. The latest S&P/Experian Consumer Credit Default…
A 2020/21 budget proposal for a consumer protection bureau that would reportedly include state oversight of debt collectors in California is on hold due to the…
Article By Monday, May 25, 2020 The Consumer Financial Protection Bureau (CFPB) reached an $18 million settlement with Monster Loans and a number of related companies…
WASHINGTON — A bipartisan group of senators have introduced legislation to prevent debt collectors from garnishing coronavirus relief payments from consumers. Sens. Sherrod Brown, D-Ohio, Ron…
The number of new credit cards being opened has taken a significant hit because of the coronavirus. New card originations from March 15 to April 15…
The proportion of credit-card accounts entering “financial hardship” programs surged in April by 3.2%, to 14.7 million, credit-reporting agency TransUnion said Wednesday. Auto loans notched a…
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