Stay updated with breaking news from Mark Neeb. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
This site uses cookies. By continuing to use our site, you are agreeing to our use of cookies. Review our Privacy Policy for more information. You may change your preferences on how cookies are stored by reviewing the settings on your browser.
Debt collectors, payday lenders collected over $500 million in federal pandemic relief Peter Whoriskey, Joel Jacobs, Aaron Gregg © Michael S. Williamson/The Washington Post A customer leaves a payday loan store in Maryland. The check-cashing and payday loan services industry has thousands of branch offices nationwide. A Texas firm that describes itself as one of the nation’s largest medical bill collectors was racking up consumer complaints last year. “For months this company has been reporting inaccurate, unverifiable, erroneous things on my credit report and I am...
This site uses cookies. By continuing to use our site, you are agreeing to our use of cookies. Review our Privacy Policy for more information. You may change your preferences on how cookies are stored by reviewing the settings on your browser.
12/18/2020 8:00 AM The release of this rule is the biggest development in the accounts receivable management industry since passage of the Fair Debt Collection Practices Act more than 40 years ago. NewsPress ReleaseDaily Minneapolis, Minnesota – December 18, 2020 – The Consumer Financial Protection Bureau’s release of part two of its final rule signals another important development in the accounts receivable management (ARM) industry, providing implementing regulations for the Fair Debt Collection Practices Act, which was passed more than 40 years ago. ACA International submitted comp...
FAIRFIELD-SUISUN, CALIFORNIA Debt parking is when a collector places dubious obligations on your credit file so they’ll surface when you apply for a loan or seek a job, making it likely you’ll pay just to make the problem go away. (Saladorec/Dreamstime.com/TNS) Consumer Confidential: Beware of ‘debt parking’ — fake debt planted by collectors in your credit file By David Lazarus, Los Angeles Times It’s called “debt parking,” and it doesn’t mean your financial obligations have stopped or are sidelined on the road of your financial life. Debt parking is when a collector quietly...