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July

25
2023
Industry News

CA Foundation Alleviates Over $3.3 Million in Medical Debt for Minnesotans Through RIP Medical Debt

FERGUS FALLS, Minn. , July 25, 2023 /PRNewswire/ -- The CA Foundation (CAF) is excited to announce its recent donation to RIP Medical Debt, specifically targeting over $3.3 million in medical debt carried by Minnesotans. The state-specific donation allows RIP Medical Debt, a national non-profit, to pay off health care debt by purchasing past due accounts from collection agencies and medical providers.

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July

25
2023
Industry News

Attorney General Bonta Issues Warning Against Unlawful Employer-Driven Debt Arrangements

SACRAMENTO – California Attorney General Rob Bonta today issued a legal alert to remind all employers of the state-law restrictions on employer-driven debt. Employer-driven debt is a term referring to debt incurred by individuals through employment arrangements.

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July

25
2023
Industry News

New towing rules should explicitly ban compulsory loans, attorney general’s office says

Lawmakers pressed the chief executive of Colorado’s largest towing company Monday about the company’s alleged loan practices that might violate a 2022 law governing the industry.

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July

25
2023
Trends

Why the Fed Underestimates the Pressures of the Paycheck-to-Paycheck Economy

Amber Carroll, senior vice president of membership and lifecycle strategy at LendingClub, told PYMNTS that the Federal Reserve’s long-quoted stat on financial well-being could use a freshening up.

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July

24
2023
Industry News

CFPB Sues Lease-To-Own Finance Company

The Consumer Financial Protection Bureau filed a lawsuit against a lease-to-own-finance company and several related companies (collectively, the "Company"), alleging that the Company violated various federal consumer financial protection laws in connection with the offering and provision of lease-to-own financing products.

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