The head of a federal agency for consumers has packed up his office. But will Trump fire him?
The director of the Consumer Financial Protection Bureau, Rohit Chopra, has been waiting for a phone call, letter, email, ...
JD Supra5h
CFPB’s Recent Rule Eliminates Medical Debt from Credit Reports
On January 7, 2025, the Consumer Financial Protection Bureau (“CFPB”) published a final Rule (the “Rule”) that prohibits consumer reporting ...
How your credit score could jump by as much as 20 points without you having to do anything
The CFPB estimates credit scores could jump by up to 20 points when medical debt disappears from reports. That impact can be ...
Feds order Atlanta-based Equifax to pay $15M for improper investigations of credit report errors
The U.S. Consumer Financial Protection Bureau ordered Equifax to pay $15 million after it “failed to conduct adequate ...
Truckinginfo5h
Truck Leasing Task Force: Congress Should Ban Lease-Purchase Programs
In a damning report, the Truck Leasing Task Force assembled by the Federal Motor Carrier Safety Administration recommended ...
'It's not my debt': Major debt collector filed thousands of lawsuits in Arizona, report says, even as it was being punished for consumer violations
One of the nation’s largest debt collectors launched tens of thousands of lawsuits in Arizona since 2022, according to 12 ...
Investopedia on MSN9h
Medical Debt, Overdraft Fee Rules Could Be Delayed by Trump Order
President Donald Trump's day-one executive order freezing regulations could affect several rules on consumer finances that were finalized in the last days of Joe Biden's administration.
On Your Side: Federal Trade Commission to refund $5 Million to customers of debit relief
The Federal Trade Commission filed a lawsuit against ACRO Services in November of 2022 and from that lawsuit the FTC will be ...
East Texas economist discusses Biden administration’s removal of medical debt from credit reports
It’s probably a good thing,” said economist Dr. Ray Perryman. “The credit rating agencies themselves had already begun to do ...