Legal News

Americans are falling deeper into debt, but not across the board. Collectively, credit card balances rose by $24 billion in the third quarter to $1.23 trillion — up 5.75% from a year earlier to a fresh all-time high, according to a new report on household…

Financial Services attorney Christopher Phillips was interviewed by Courthouse News Service about how the end to penny production in the U.S. is affecting businesses, banks and retailers. The U.S. Department of the Treasury decided to cease producing pennies earlier this year, citing…

Court grants summary judgment to debt collector on FDCPA claims, finding pre-judgment collection efforts lawful and post-judgment communications not actionable debt collection. Livesay v. National Credit Systems, Inc., No. 4:22-CV-19-TLS (N.D. Ind. Oct. 27, 2025) By Laura Dadd – Compliance…

Consumer debt is at record-high levels, and the number of Americans behind on their credit card payments is also on the rise. Every morning, Alaska’s court system publishes an updated list of new civil lawsuits filed across the state during the past…

On October 15, a New York appellate court affirmed the dismissal of a putative class action alleging violations of the FDCPA and New York General Business Law § 349. The plaintiff claimed that notices sent after a bankruptcy discharge, informing the plaintiff…

Dr Mahesh Anantha is one of the few interventional cardiologists for miles around Arkansas’s Batesville area, a rural pocket of the US. Surrounded by farmland and a smattering of small industries and banks, the pastoral town with a population of…

WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market even as inflation is…

The $37 trillion update is found in the latest Treasury Department report issued Tuesday, which logs the nation’s daily finances. The national debt eclipsed $37 trillion years sooner than pre-pandemic projections. The Congressional Budget Office’s January 2020 projections had gross…

Americans are carrying a staggering $220 billion in medical debt, according to the American Hospital Association, with 14 million (6%) owing over $1,000 and 3 million (1%) in the hole for more than $10,000. More than half (58%) of accounts in collections…

Weak consumer sentiment is weighing hard on the housing market, as potential homebuyers pull back. Applications for a mortgage to purchase a home fell 3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted…