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March

18
2024
Industry News

Payday lending reform passes Michigan Senate

The Michigan Senate voted Thursday to cap annual interest rates on payday loans at 36%. That sends the legislation to the House. Current law allows for borrowers to take out payday loans, referred to in the legislation as “deferred presentment service transactions,” for amounts up to $600.

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March

18
2024
Industry News

U.S. Foreclosure Activity Continues to See an Annual Increase

IRVINE, Calif. — March 12, 2024 ATTOM, a leading curator of land, property, and real estate data, today released its February 2024 U.S. Foreclosure Market Report, which shows there were a total of 32,938 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – down 1 percent from last month but up 8 percent from a year ago.

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March

18
2024
Industry News

CFPB’s latest overreach threatens to nationalize consumer finance – Experts4money

The notion {that a} authorities company can extra successfully decide the monetary merchandise that greatest serve customers than the free market itself is radically misguided, writes Patrick M. Brenner.

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March

18
2024
Industry News

FTC Sends Nearly $100 Million in Refunds to Consumers Harmed by Benefytt Technologies’ Sham Health Plans

The Federal Trade Commission is sending nearly $100 million in refunds to consumers who were charged for sham health plans marketed by Benefytt Technologies.

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March

15
2024
Industry News

California Considers Medical Debt Credit Reporting Bill

The bill, in the early stages of consideration, would prohibit medical debt credit reporting by health care providers and contracted collection agencies.

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