Tuesday brought some encouraging news on the stubbornly high prices that have weighed down Americans: Inflation as measured by the Consumer Price Index cooled considerably in November and is at its lowest level in nearly a year.
If you were one of the more than 23,000 people who were charged unlawful advance fees by five student loan debt-relief companies—Docu Prep Center d/b/a Certified Document Center, Certified Doc Prep Services, Assure Direct Services, Direct Document Solutions, and Secure Preparation Services—that were associated with Monster Loans and Lend Tech Loans, you may receive a check in the mail starting December 12, 2022. Payments will be sent from Epiq Systems.
On December 5, an Arizona Superior Court for Maricopa County issued an Order to Show Cause to the state of Arizona and scheduled an expedited evidentiary hearing in a suit challenging the newly passed Arizona Protection from Predatory Debt Collection Act (the Act), also known as Proposition 209. Arizona voters passed the Act in the November midterm elections and it became effective on December 5, the same day the suit and show cause order were filed.
Wells Fargo, which operates more than 4,700 branches throughout the U.S., has rolled out a small-dollar loan program that offers instant, automated loans received in minutes and with a fraction of the fees typically attached to payday loans.
On December 8, 2022, Teleperformance USA reported a data breach with the Texas Attorney General after learning that an unauthorized party had accessed confidential consumer information that was entrusted to the company. According to Teleperformance USA, the breach resulted in the names, addresses and Social Security numbers being compromised.
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