State Lawmakers Push to Help with Medical School Debts
Arizona lawmakers voted Tuesday to expand a program that helps doctors repay their medical school debts if they agree to go where they are needed.
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In Russia, according to a report from The Moscow Times, an alarming debt collection trend involves collectors seizing household pets from debtors who have defaulted on their loans. more »
South Dakota's Senate Commerce and Energy Committee was scheduled to hold a hearing Tuesday on a state Revenue Department proposal to open a state debt collection office. more »
WASHINGTON – The Consumer Financial Protection Bureau on Friday announced four appointments to the agency’s leadership team. more »
A Tampa Bay, Fla. couple, harassed by Bank of America over their delinquent mortgage payments, recently won a $1 million default judgment in a collection lawsuit. more »
The average loan size of new homes increased to $311,398 in December from $306,975 in November, according to a Mortgage Bankers Association survey. more »
Pennsylvania defense attorney Nancy Raynor, sanctioned nearly $1 million when a defense expert made a prohibited remark about smoking during a lung cancer-related malpractice case, is now being told it's time to pay up. more »
The gap between high income and middle- and lower-income families' wealth is growing as the economy recovers from the economic downturn, according to a study. more »
Bloomberg News
UNCERTAIN FUTURE: Shares in Ally Financial, led by Chief Executive Officer Michael Carpenter, have fallen by about 2% since the firm's initial public offering in April. Ally is one of many auto lenders facing questions about the threat to its bottom line from stepped-up regulatory pressure.
U.S. auto lending is still booming, but those in the industry are not smiling as widely as you might expect. more »
Complaints about debt collection are growing among service members. There are now more than 11,000 complaints from service members, veterans and military families since the CFPB began accepting them 18 months ago. more »
Charlotte, N.C.-area hospitals have started offering multiyear interest-free payment plans to help reduce the number of outstanding bills as consumers pay more out-of-pocket medical costs. more »
U.S. Sen. Elizabeth Warren, D-Mass., plans in 2015 to continue her focus on student loan debt and the potential long-term problems it poses to the economy despite now facing a Republican-controlled Congress. more »
Connecticut regulators have fined the head of a Native American tribe and the two payday loan companies it owns a total of $1.5 million for allegedly violating a state cap on interest rates. more »

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