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February

5
2024
Industry News

CFPB and State AGs Prosecute Debt Relief Companies and Law Firms

In recent weeks, we have seen an increase in prosecution by the Consumer Financial Protection Bureau (“CFPB”) and state attorneys general against debt relief companies and law firms.

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February

5
2024
Industry News

AG Nessel Wraps Identity Theft Awareness Week with Tips on Recovering from Identity Theft

LANSING – To conclude Identity Theft Awareness Week (January 28-February 3) and to provide consumers with the knowledge to recognize and respond to identity theft crises, Michigan Attorney General Dana Nessel has re-issued her Identity Theft Recovery alert.

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February

5
2024
Industry News

Connecticut Will Cancel $650 Million in Medical Debt

Connecticut reportedly plans to cancel $650 million in medical debt for its residents. This relief will impact around 250,000 people and will make Connecticut the first state in the country to undertake such an effort, CNN reported Friday (Feb. 2).

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February

2
2024
Trends

Brown: Scammers Have Ramped Up Efforts While Banks and Payment Apps Stand By

WASHINGTON, D.C. – Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, delivered the following opening statement at today’s hearing entitled, “Examining Scams and Fraud in the Banking System and Their Impact on Consumers.”

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February

2
2024
Trends

CFPB Bites of the Month - 2023 Annual Review - Debt Collection

In this article, we share a timeline of our monthly "bites" for 2023 applicable to debt collection. If debt collection in 2023 had a theme it would be medical debt. Medical debt woes transcend political parties and affect nearly all demographic groups.

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