A ceremonial signing for the Minnesota Debt Fairness Act was held Monday. Governor Tim Walz was joined by Attorney General Keith Ellison, bill authors Senator Liz Boldon and Representative Liz Reyer, and impacted Minnesotans to celebrate legislation intended to ease the burden of medical debt on Minnesotans.
For federally insured credit unions, assets and shares and deposits declined at the median over the year ending in the first quarter of 2024. At the same time, loans outstanding increased and delinquencies grew at the median, according to the latest Quarterly U.S. Map Review released today by the National Credit Union Administration.
The General Assembly recently passed legislation that would protect Rhode Islanders from credit problems resulting from medical debts. The bills sponsored by Rep. Mary Ann Shallcross Smith, D-Lincoln, and Sen. Melissa A. Murray, D-Woonsocket, would prohibit debt collectors from reporting all medical debt to credit bureaus. It also sets rules for communication with consumers, false and misleading representation by debt collectors, and a ban against collection during insurance appeals.
While any downtime in card processing is a major stressor, Steve Kramer explains how billers can keep payments providers accountable for creating better processes and workarounds that maximise uptime and reliability during inevitable processor outages
The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the deficient practices or violations identified.
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