Plain-language articles on credit reports, disputes, consumer rules and business credit. Educational only, not legal advice.
In response to the ongoing impact the COVID-19 pandemic has had on the financial industry, on June 3, 2020, the Consumer Financial Protection Bureau (CFPB) issued a statement (CFPB Statement) announcing that it would provide temporary flexibility for…
On Thursday, the Senate approved a bill that would stop creditors and debt collectors from taking Golden State Scholarshare 529 college savings plans in personal bankruptcy…
Some 44 million Americans collectively hold over $1.6 trillion in student debt. And these numbers are growing. At the same time, advancements in technology, especially automation,…
Consumer borrowing declined in April by the fastest rate since 1943 as credit card use saw a record decline, according to Federal Reserve data released Friday.…
Before COVID-19 Americans had posted the biggest first-quarter credit card debt paydown ever at $60 billion. Americans began 2020 owing more than $1 trillion in credit…
Two debt collection companies convinced an Indiana federal judge to toss a Telephone Consumer Protection Act class action claiming they sent more than 6,500 text messages…
The New York City Department of Consumer Affairs is adding new rules that require debt collectors to inform consumers about whether certain language access services are…
The Federal Trade Commission said Wednesday that Kohl’s Department Stores Inc. has agreed to pay $220,000 to settle allegations it violated the Fair Credit Reporting Act…
93.3% of apartment households paid some form of rent by May 27, according to the National Multifamily Housing Council SANTA BARBARA, California, June 10, 2020 /PRNewswire/…
Banks are in talks with UK regulators about extending coronavirus relief measures for customers struggling to repay credit cards and other unsecured debts until the end…
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