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Medical debt buries some at UPMC

Source-site Bombarded with calls and letters from bill collectors, Nila Payton can’t recall precisely how she ended up owing $4,000 in medical debt to her employer, UPMC. But she knows more than half came from a rough 2018, after she…
Legal News

Virginia Attorney General Miyares Announces Plan To Cut Collection Fees On Overdue State Student Debt In Half

Source- site RICHMOND, Va. – Virginia Attorney General Jason Miyares announced last week an internal policy that will immediately provide relief to working families and students struggling with student debt. The Office of the Attorney General is statutorily required to…
Legal News

Why U.S. Chamber Of Commerce Is Opposing Biden’s Banking Nominees

Source- site WASHINGTON — The U.S. Chamber of Commerce is taking on an increasingly visible role in the confirmation process for the Biden administration’s financial regulatory nominees, another indication of the ripple effects banking policy is having across the broader business…
Legal News

CFPB Settles Lawsuit Regarding Taskforce On Federal Consumer Financial Law

Source- site The CFPB settled a Federal Advisory Committee Act (FACA) lawsuit, which alleged that the CFPB’s 2019 Taskforce on Federal Consumer Law (the Taskforce) did not comply with FACA’s public disclosure of documents requirement.  The CFPB created the Taskforce to provide…
Government News

CFPB Acting General Counsel addresses “confusion” caused by CFPB advisory opinion on earned wage access program

Source- site In a letter to three representatives of consumer advocacy groups, CFPB Acting General Counsel Seth Frotman indicated that due to “repeated reports of confusion” caused by the CFPB’s November 2020 advisory opinion (AO) on earned wage access (EWA) programs, he plans…
Government News

CFPB Will Enforce Laws Preventing The Collection/Reporting Of Medical Debts Barred By The NSA

Source-site As part of the Biden administration’s focus on enforcement of the No Surprises Act (NSA), the Consumer Financial Protection Bureau (CFPB) has issued a bulletin (the Bulletin) indicating that it will closely review the practices of those engaged in…
Government News

FTC Says D&B Engaged in Deceptive and Unfair Practices

Source- site To settle Federal Trade Commission charges that it engaged in deceptive and unfair practices, Dun & Bradstreet (D&B) has agreed to an order requiring substantial changes in the firm’s operations that will benefit small- and mid-sized businesses. Under the proposed order,…
Editorial News

Kamila Kruszelnicka Joins Columbia Corporation as Senior Financial Director, Bringing Over Two Decades of Expertise

Columbia Corporation proudly welcomes Kamila Kruszelnicka as its new Senior Financial Director, marking a strategic addition to its executive team. With an impressive career spanning over 20 years, Kamila brings a wealth of financial expertise and leadership, positioning her as…