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CFPB Seeks to Vacate the Medical Debt Rule

The CFPB on April 30, 2025, reached an agreement with lender trade groups to vacate the Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information Rule (the Medical Debt Rule). The joint motion for entry of consent judgment was…
Editorial News

March 2025 Consumer Litigation Filings: Everything Up

By David N. Anthony on April 23, 2025 Posted in All Entries, Consumer Financial Protection Bureau (CFPB), FCRA, FDCPA, State Attorneys General, CFPB + FTC, TCPA According to a recent report by WebRecon, court filings under the Fair Credit Reporting Act (FCRA), Fair Debt Collection Practices Act (FDCPA), the Telephone Consumer…
Bankruptcy News

New federal rule removes medical debt from credit reports

On Jan. 7, 2025, the Consumer Financial Protection Bureau (CFPB) finalized a rule that will ban the inclusion of medical debt on credit reports and prohibit lenders from using medical information in their approval decisions. The CFPB estimates the rule change will…
Legal News

Weekly mortgage demand suddenly surges, despite lingering economic uncertainty

Mortgage interest rates dropped for the second straight week, although not by a lot. That was thanks to more negative news on the economy. But despite all that, weekly mortgage demand surged higher by 11%, according to the Mortgage Bankers…
Educational News

Trump’s education boss reveals greedy truth behind Biden’s student loan forgiveness: ‘They have profited massively’

President Trump’s education boss Linda McMahon has defended the administration’s decision to resume student loan debt collections — insisting that greedy colleges have “profited massively” from Biden-era forgiveness measures. The Department of Education announced Monday it would start recouping federal student repayments…
Government News

April Consumer Chapter 7 Bankruptcy Filings Increase 16 Percent from Previous Year

NEW YORK/ALEXANDRIA, VA. – May 2, 2025 — The 30,961 individual chapter 7 filings in April 2025 represented a 16 percent increase over the 26,781 filings recorded in April 2024, according to data provided by Epiq AACER, the leading provider of U.S.…
Editorial News

Key Driver Transforming The Debt Collection Agencies Market 2025: Rising Consumer Debt Levels Fuel Growth In The Market

The Business Research Company’s Debt Collection Agencies Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, March 31, 2025 /EINPresswire.com/ — Get 20% off on Global Market Reports until March 31st! Use…
Bankruptcy News

Commercial Chapter 11 Bankruptcies Jump 20% in March Amid Broader Financial Strain

Commercial Chapter 11 bankruptcy filings rose 20% in March compared to the same month last year, increasing to 733 from 611, according to data from Epiq AACER, a leading provider of U.S. bankruptcy statistics. Total commercial bankruptcy filings also rose…
Educational News

Education Department’s Oversight Team Cuts: What It Means for Borrowers

On March 11, the United States Department of Education announced it was cutting nearly half its workforce, including staff from its Vendor and Program Oversight Group, which is responsible for overseeing federal student loan servicers.12 This could be bad news for student…
Government News

Federal Debt and the Statutory Limit, March 2025

The debt limit—commonly called the debt ceiling—is the maximum amount of debt that the Department of the Treasury can issue to the public or to other federal agencies. The amount is set by law and has been increased or suspended over the…