Government News

Source-site Washington, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a bulletin detailing student loan servicers’ obligation to halt unlawful conduct regarding borrowers’ eligibility and benefits under the Public Service Loan Forgiveness (PSLF) Waiver. The bulletin recommends actions servicers…

Source-site Although it seems self-evident that the uniqueness of a particular person can be more readily confirmed when many pieces of identifying information about them are considered, consumer reporting agencies (CRAs) like Equifax, Experian, TransUnion and background screening companies have…

Source-site In what will undoubtedly come as a relief to taxpayers who are tired of getting mail from the IRS, the agency announced Wednesday that it is suspending more than a dozen automated letters so it can catch up on…

Source-site   The Massachusetts Statehouse in Boston. The Mipsa bill passed a bipartisan vote with no objections from the state legislature’s joint committee. Massachusetts is a step closer to becoming the next U.S. state to bring in strict consumer-privacy laws…

Source-site Late last month, a broad coalition of Arkansas nonprofits and donors coordinated the elimination of $35 million in medical debt for over 23,000 Arkansans. Leaders from two of the organizing groups say there is still much work to be…

Source-site The company agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay over $140 million in other penalties. BOSTON — Navient, a major student loan collecting company, agreed to cancel $1.7…

Source-site Equities research analysts expect that PRA Group, Inc. (NASDAQ:PRAA) will post $251.09 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for PRA Group’s earnings. The lowest sales estimate is $246.86 million and the…

Source-site Synchrony Financial is closely monitoring the possibility that regulators will curb late fees across the credit card industry, but it’s not overly concerned about the potential revenue impact, executives said Friday. Analysts asked about credit card late fees during…

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…

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…