Growth Seen in New Credit Extensions Across Debt Types; Transitions into Delinquency Among Credit Card Borrowers Continue to Rise February 18, 2020 – NEW YORK – The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly … Continue reading →
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There’s a frustrating chicken-or-egg dilemma in the financial world: You try to get access to a credit card to build a credit history, but you can’t get approved without a history. And this is the track record that’s used to generate … Continue reading →
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On February 6, the U.S. District Court for the Northern District of Texas vacated a jury award of $2.5 million in favor of two nationwide debt collection agencies (plaintiffs), in an action alleging fraud by a law firm and vendor … Continue reading →
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The art of hiding multi-trillions of dollars of debt has found an eager accomplice, the businessman who once proudly proclaimed, “I love debt”: Donald J. Trump. The King of Debt is now in control of an obscure federal watchdog agency … Continue reading →
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Heather and her son Lane Biggs just needed medical care. A few years ago, Lane was getting treated for leukemia, which he was diagnosed with at age 5, and at the same time, his mom Heather developed seizures from Lyme … Continue reading →
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🔊 Listen to this Article Debt collection is one of the oldest standing practices in the world, considered older than the history of money itself. It existed during the barter system, going as far back as 3000 BC. Today credit … Continue reading →
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Consumers are feeling better about taking on more debt. Americans are more confident about their ability to take out credit than they were a year ago, according to the latest Survey of Consumer Expectations from the New York Federal Reserve. … Continue reading →
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Shari Claire Lewis The federal Telephone Consumer Protection Act (TCPA) was enacted in response to the growing outcry of consumers concerning intrusive telemarketing and debt collection calls. It was intended to reduce the number of nuisance communications that consumers received. … Continue reading →
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Sen. Elizabeth Warren has added details to her far-reaching plan to forgive college student debt and called for an investigation of racial disparities in how much students borrow. The update outlines how she would implement her campaign proposal to cancel … Continue reading →
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Introduction The Center for Public Integrity is a nonprofit newsroom that investigates betrayals of public trust. Sign up to receive our stories. SAN MARCOS, Texas — In the autumn of 2012, Ricardo Gonzalez Jurado was 25 feet off the ground, balancing … Continue reading →
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