Government News

There are 7,060 collections agencies in the U.S.—here’s what to do you if your credit card debt is sent to one

Collections agencies buy your unpaid credit card debt from your card issuer when your balance lingers too long — but that doesn’t mean it goes away. When a collections representative from your credit card issuer calls you, it’s usually because…

US Fed’s rate hikes and performance of commodities

The US Federal Reserve increased interest rates by 75 basis points in its latest policy meeting, its fourth straight supersized hike this year. This decision lifts the target for the benchmark federal funds rates to its highest level since 2008. After keeping…

Mortgage rates fall sharply to under 7% after inflation eases

Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields. The average rate on the 30-year fixed plunged 60 basis points from 7.22% to 6.62%, according to Mortgage News Daily.…

Biden, Democrats ‘in a much worse position’ in midterms with tax and spend agenda: Grover Norquist

As President Biden and the Democratic Party still have plans to pump money into the U.S. economy, one tax expert is signaling that a Republican congressional majority could “absolutely” ease Americans’ financial stress. “Here’s the good news – we’ve done this…

US housing recession could send home prices tumbling 20%, economist says

Megan Henney, September 23, 2022 NC State Endowment Committee member Dennis Gartman and Payne Capital Management president Ryan Payne debate how an aggressive Fed could impact markets on ‘Mornings with Maria.’ U.S. home prices are finally falling from a record…

The US cities where home values are most likely to plummet in a recession

JORDAN HART, SEPTEMBER 17, 2022 A new report reveals which US cities would be most vulnerable to housing-market declines in an economic downturn. On Wednesday, real estate data company, ATTOM Data Solutions, published its Special Housing Risk Report for the second…

U.S. Foreclosure Starts Reach Pre-Pandemic Levels Nationwide

ATTOM Data Solutions, September 08, 2022 Illinois, Delaware and South Carolina had the Highest Foreclosure Rates; Completed Foreclosures Increase 28 Percent from Last Month IRVINE, Calif., Sept. 8, 2022 /PRNewswire/ — ATTOM, a leading curator of real estate data nationwide…

U.S Bank to raise minimum wage to $20 for U.S. and Canada employees

Paul Heaberlin, September 4, 2022 Minneapolis-based U.S. Bank will raise the minimum wage for its employees to $20 an hour later this year. In an announcement last week, the bank said all employees in the U.S. and Canada would make…

Collection Agency In Tampa Addresses Complaints On Debt Collection

OverPower Marketing, LLC, September 02, 2022 The Preferred Group of Tampa, a collection agency in Tampa, FL, has announced that they are addressing the common complaints regarding debt collection. Debt collectors are never going to be popular, but we want…

Florida TCPA Action Survives Motion To Dismiss

David O. Klein, 29 August 2022 In a recent Florida putative class action, Pariseau v. Built USA, LLC, plaintiff alleged that defendant violated the Telephone Consumer Protection Act(“TCPA”) as well as the Florida Telephone Solicitation Act (“FTSA”), by sending unsolicited…