Total Bankruptcy Filings Drop Again
U.S. bankruptcy filings reached 52,522 in January, 11% lower than 59,092 filings in January 2015, according to the American Bankruptcy Institute, which used data from Epiq Systems Inc.  more »
The total amount of uncompensated care by hospitals in Minnesota rose from $573 million in 2013 to $589 million in 2014, despite a 26% drop in charity care for the uninsured, according to the Minnesota Hospital Association. more »
The CBA's Richard Hunt said there are a variety of reasons why a consumer might be turned away for a checking account — some of which are based on regulatory mandates.
The CFPB stepped up efforts Wednesday to encourage banks to offer simple checking and savings accounts, but many institutions said they are already taking steps to try to reach the underbanked. more »
A senior equal employment opportunity specialist with the Consumer Financial Protection Bureau’s Office of Civil Rights is alleging the bureau violated the Equal Pay Act. more »
Payday lending in Alabama hasn't declined in the last six months despite ongoing complaints last year from consumer advocates to rein in the practice in the state, according to the Alabama Banking Department. more »
DeVry Education Group responded Wednesday to a complaint filed by the Federal Trade Commission alleging that consumers were deceived about the chances of students finding jobs in their areas of study. more »
A Florida campus of a for-profit college chain used deceptive practices that coerced students into racking up huge debt, according to a newly unsealed whistleblower lawsuit. more »
The CFPB announced Thursday that Herbies Auto Sales must provide $700,000 in refunds to customers and pay a $100,000 fine to resolve allegations it hid finance charges and deceived consumers purchasing vehicles. more »
Bloomberg News
"It defies logic for federal agencies to distribute settlement funds without first verifying the eligibility of prospective recipients," said House Financial Services Committee Chairman Jeb Hensarling.
House Financial Services Committee Chairman Jeb Hensarling is trying to stop $80 million in payments given to borrowers as part of a controversial auto loan discrimination settlement with Ally Financial until regulators verify the checks were actually given to minorities. more »
Brad Elbein, a former director of two Federal Trade Commission regional offices, has joined Barron & Newburger, P.C. as Managing Attorney of the firm's new Atlanta office. more »
Idaho Community Action Network (ICAN) on Monday protested what it calls a lack of action by the Consumer Financial Protection Bureau regarding enacting national standards for payday loan operations and ending uncapped loans. more »
The former assistant director of the Consumer Financial Protection Bureau has taken a job as a senior official with the Department of Education. more »
Overall consumer borrowing grew from October to November but decelerated to the slowest pace since January as Americans took out fewer loans for big-ticket items such as cars and education. more »

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