A bipartisan pair of state lawmakers has proposed a plan to rein in the ways health care providers in Ohio can collect on medical debts.
Their legislation, under committee review in the Ohio House, would prohibit providers from garnishing debtors’ wages. Garnishment is a legal term that refers to the process of judges allowing the providers to seize up to 25% of their former patients’ wages before they go out as paychecks.
In this crossover episode of The Consumer Finance Podcast and Regulatory Oversight, Chris Willis is joined by Joseph DeFazio, Bill Foley, and Michael Yaghi to discuss the implications of New York's FAIR Act, a significant amendment to the state's UDAAP statute. The FAIR Act aims to broaden consumer protection by lowering the threshold for legal action against unfair and abusive business practices.
Recently, the U.S. Department of Housing and Urban Development (HUD) issued two memoranda that clarify HUD’s role in enforcing the Fair Housing Act (FHA), explain how future enforcement efforts will proceed, and officially rescind several guidance documents related to disparate impact and redlining, among other topics.
Allowing President Trump to fire Lisa D. Cook from the Fed would “signal to the financial markets that the Federal Reserve no longer enjoys its traditional independence, risking chaos and disruption,” Cook told the Supreme Court, in her opposition for a stay in her case.
The National Credit Union Administration (NCUA) today announced it has ceased using reputation risk and equivalent concepts in the examination and supervisory process. These updates follow White House Executive Order 14331, This is an external link to a website belonging to another federal agency, private organization, or commercial entity.Guaranteeing Fair Banking for All Americans(Opens new window), which requires federal banking regulators to remove the use of reputational risk or equivalent concepts that could result in politicized or unlawful debanking.
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