Trump’s DOJ Urges Supreme Court to Keep CFPB Up and Running
Alison Frankel for Reuters
Facing an existential threat at the U.S. Supreme Court, which will hear oral arguments on March 3 in a constitutional challenge to the unusual structure of the Consumer Financial Protection Bureau, the CFPB has found an unlikely champion. The Trump administration believes that the bureau's lone director is unconstitutionally shielded...
READ MORECFPB Winter 2020 Supervisory Highlights Looks at Mortgages, Payday Lending and Student Loans
The CFPB has released the Winter 2020 edition of its Supervisory Highlights. The report discusses the Bureau’s examinations findings in…
Eleventh Circuit Affirms Dismissal of FDCPA Class Action for Judicial Foreclosure Practices
On February 11, 2020, the United States Circuit Court of Appeal for the Eleventh Circuit issued its opinion in Anderman…
What Presidential Candidates Would Do For Credit Card Debt
The latest numbers from the Federal Reserve show that credit card balances climbed to $930 billion in the fourth quarter…
House Passes Bill Restricting Employer Credit Checks
On January 29, 2020, the House of Representatives passed the Comprehensive CREDIT Act of 2020 (the “Act”), which would change…
32% of American Workers Have Medical Debt—Over Half Defaulted
Almost a third of working Americans currently have some kind of medical debt and about 28% of those who have…
Key Factors Behind Collections' Growth: Software Market 2020
Automation in the accounts receivable process, increase in multichannel collection models and need to reduce bad debt and optimize collection…
Taking The Temperature Of B2B Payments In Healthcare
The U.S. healthcare system is a multi-trillion dollar industry, but one rife with inefficiencies, especially when it comes to payments…
Accelerating Accounts Receivable Starts with the Invoice
Late payments are a threat to any business, but especially for smaller firms, longer days sales outstanding (DSO) timeframes can…
US Credit Card Debt Surged Most in Two Decades
Americans gave their credit cards a real workout this past holiday season. The Federal Reserve said Friday that borrowing on credit…
