The Biden administration will propose a rule Tuesday to ban medical debt from credit reports. The rule, which will be announced by Vice President Kamala Harris and Consumer Financial Protection Bureau Director Rohit Chopra, comes as President Joe Biden beefs up his efforts to convince Americans his administration is lowering costs, a chief concern for voters in the upcoming election.
The CFPB issued its final rule, titled the Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders Final Rule, on June 3, 2024. The rule will require certain nonbank entities to register certain covered enforcement or court orders, and comply with ongoing, attested reporting requirements on the entity’s compliance with such orders.
(Bloomberg) -- US consumer borrowing increased in April by less than forecast as credit-card balances declined for the first time in three years.
WASHINGTON (Reuters) -The Federal Communications Commission on Friday asked the U.S. 6th Circuit Court of Appeals in Cincinnati, Ohio to transfer a series of industry legal challenges to its decision to reinstate landmark net neutrality rules to a federal court in Washington.
The Federal Reserve’s latest report on consumer credit, released Friday (June 7) may give a sign that consumers are pulling back on spending and paying down card debt.
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