Plain-language articles on credit reports, disputes, consumer rules and business credit. Educational only, not legal advice.
Bank regulators have rolled back the Jan. 1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the wake of the coronavirus, the Wall Street Journal reported on Friday (March 27).…
Most of the time, when we talk about credit, we are talking primarily about the impact of open accounts. But are we underestimating the importance of…
As identified coronavirus infections increase rapidly in the U.S., the biggest economic effects will be felt months from now. Still, analysts at Oppenheimer have projected that…
Borrowers who have defaulted on their federal student loans will get a temporary reprieve from having their wages, Social Security benefits and tax refunds garnished by…
Wednesday, March 25, 2020 Last week in Gonzales v. Credit One Bank, N.A., No. 19-cv-00733-DAD-BAM, 2020 U.S. Dist. LEXIS 46236 (E.D. Cal. March 17, 2020), the court…
WASHINGTON — The U.S. Congress is considering authorizing the Federal Reserve to pay the tab as local governments ramp up shipments of testing equipment, masks and…
Wednesday, March 25, 2020 In re Midland Credit Mgmt., Case No. 11-md-2286-MMA (MDD), 2020 U.S. Dist. LEXIS 49091 (S.D. Cal. March 18, 2020) originated in 2011.…
Federal financial regulators are encouraging banks, credit unions, and other financial institutions to offer responsible small-dollar loans to consumers and small businesses during the coronavirus crisis.…
By Brad Petrishen Telegram & Gazette Staff Posted Mar 24, 2020 at 9:03 PMUpdated Mar 24, 2020 at 9:03 PM WORCESTER – A subsidiary of Target has agreed to pay nearly $2.3 million to settle a…
Chase (JPM), Citi (C), and Capital One (COF) are just some of the credit card companies offering financial assistance to those affected by the coronavirus pandemic. The credit card…
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