New CFPB Rule Bans Medical Debt on Credit Reports
New CFPB Rule Bans Medical Debt on Credit Reports As the Biden Administration’s days continue to wane, the Consumer Financial Protection Bureau (CFPB) recently finalized a rule that will remove roughly $49 billion in medical debt from the credit reports of nearly 15...
Credit Card Defaults Hit Highest Level Since 2010
Credit Card Defaults Hit Highest Level Since 2010 The Financial Times is reporting that card lenders wrote off $46 billion in seriously delinquent loans in the first nine months of 2024—a 50 percent increase from 2023 and the highest level since 2010. The write-offs...
NY Dept of Financial Services Aims to Increase Financial Regulatory Activities as Many Expect Rollbacks Once Trump Returns to Office
NY Dept of Financial Services Aims to Increase Financial Regulatory Activities as Many Expect Rollbacks Once Trump Returns to Office The New York Department of Financial Services (NYDFS) plans to place more scrutiny on banks, insurers, and cryptocurrency companies as...
