ACA International is pushing back on a petition from the National Consumer Law Center, which asks the Consumer Financial Protection Bureau for a rule banning medical debts from credit reports.
Attorney General Ken Paxton has announced that his office, along with a coalition of other state attorneys general, has obtained settlements totaling more than $16 million with Experian Data Corp., Experian Information Solutions, and T-Mobile.
The FTC has temporarily shut down a credit card debt relief scheme operated by Sean Austin, John Steven Huffman, and John Preston Thompson and their affiliated companiesthat allegedly took millions from people by falsely promising to eliminate or substantially reduce their credit card debt.
Mortgage interest rates rose sharply over recent months. While we’re beginning to see the impact of these changes on borrowers and potential homebuyers, fresh data can provide valuable and timely insights into the risks and trends in the overall mortgage markets that would otherwise not be available until later time.
On average, millennials owe about $4,930 in credit card debt, according to the latest data from credit bureau Experian. But in some places, the average amount of credit card debt for millennials, who range in age from 26 to 41, is even higher. In Alaska, for example, millennials carry an average balance of about $5,388, according to Experian’s 2021 study, the most recent data available on the state level.
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