Editorial News

Low-deposit mortgage scheme extended for a year

A mortgage guarantee scheme to help people get on the property ladder is to be extended by a year. The government said the programme, which was due to close at the end of December, would help buyers “navigate difficult times”.…

US creditors can now DM debtors on social media

Debt collectors are now allowed to contact Americans on social media and by text message, according to new rules enacted by a US agency this week. The rule from the Consumer Financial Protection Bureau (CFPB) opens the door for creditors…

How to Negotiate with Debt Collectors

Whether you owe a debt or not, getting a phone call from a debt collector is never a pleasant experience. And it’s one that may be happening more frequently in recent months. The hiatus that some states and companies put on debt…

US Department Of Labor Seeking Maryland Home Healthcare Workers Who May Be Owed Back Wages, Damages In $1.13m Recovery

A Plus Personal Home Care denied overtime wages, misclassified 193 workers PIKESVILLE, MD – The U.S. Department of Labor is trying to locate home healthcare workers employed from April 2020 through March 2022 by a Pikesville company who may be owed…

As Pandemic Aid Dries Up, Businesses Chase Covid Tax Credit

A temporary tax break for small businesses has spawned a cottage industry of advisory firms tapping into federal pandemic aid, raising alarms at the Internal Revenue Service that some claims are going beyond what the law allows. The Paycheck Protection…

Democrats Can’t Count on Trump in 2024

We’re still waiting for the final results of the 2022 election. But it’s clear that Democrats decisively beat both expectations and the elections’s “fundamentals”—the incumbent party’s usual midterm losses, President Biden’s low approval rating, high inflation, voter negativity on the…

Student debt forgiveness unlikely to ‘destroy’ the loan servicing sector

MEGAN LEONHARDT, August 29, 2022 Many student loan borrowers and consumer advocates breathed a sigh of relief Wednesday that the promise of student loan forgiveness was finally becoming a reality. But for businesses trying to turn a profit on managing these…

TV stars company collapses due to unpaid debts

Victoria Mossman, July 22, 2022 Former Emmerdale TV soap Star Danny Miller has had his company put into liquidation due to a series of unpaid debts. The performing arts company Cannon Professional Acting company owing a whopping £117,528 of unpaid debts. The…

CFPB Issues Reminder on Spanish-Language Disclosures

Source: site The bureau has model disclosures, including the debt collection model validation notice, available to help regulated entities provide materials to Spanish-speaking consumers. 1 minute read The Consumer Financial Protection Bureau has issued an updated list of disclosures in Spanish,…

U.S. consumer spending rises sharply, but inflation climbs almost as fast

Source: site By Jeffry Bartash Incomes are falling after inflation is factored in The numbers: Consumer spending rose a sharp 1.1% in March, but the increase barely outpaced another surge in inflation as Americans confront the biggest price increases in 40…