The Federal Trade Commission filed a friend-of-the-court (amicus) brief in the U.S. Court of Appeals for the Seventh Circuit challenging a district court ruling that invalidated a key anti-discrimination rule in the Equal Credit Opportunity Act (ECOA).
ALBANY, N.Y. (AP) — Hospitals and other health care providers in New York would be banned from reporting medical debt to credit agencies under a bill passed this week by the state's legislature — a measure intended to limit the damage that illness and injury can do to someone's financial health.
Most Americans have some credit card debt. A recent GOBankingRates survey found that 30% of Americans have between $1,001 and $5,000 in credit card debt, 15% have $5,001 or more in credit card debt and about 6% have more than $10,000 in credit card debt.
NASHVILLE, Tenn. (WKRN) — In the modern age, text messages have become a new way for telemarketers to try to get around laws banning them from reaching out to people with unsolicited sales pitches.
OAKLAND — California Attorney General Rob Bonta today led a coalition of 21 attorneys general in submitting a comment letter to the U.S. Department of Education, applauding its strongest-ever proposed Gainful Employment Rule. Originally issued by the Obama Administration in 2012, the Gainful Employment Rule aims to protect students by, among other things, establishing expectations that graduates of for-profit colleges and of career-training programs at nonprofit colleges earn enough money to meaningfully pay back their federal student loans.
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