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Medical Debt Relief Bill Passes State's Senate
A medical debt relief bill in Minnesota would give consumers the right to go to court to stop a collection action on medical debt that violates federal IRS rules.  more »
Wells Fargo & Co., the most valuable U.S. bank, posted profit that beat analysts' estimates as lower interest rates spurred more borrowers to purchase homes or refinance debt. more »
Officials with Louisville Metro Corrections, in Louisville, Ky., are reviewing whether to hire a private debt collection agency to pursue booking fees owed to the jail. Two collection agencies submitted bids. more »
A federal court has temporarily halted Los Angeles-based Wealth Educators Inc. and its president from offering mortgage relief services after the Federal Trade Commission charged the operation with failing to provide the help promised to homeowners, while charging a large illegal upfront fee for services. more »
An Oklahoma tribe is fighting for the right to offer Connecticut consumers payday loans, arguing that state restrictions on its offerings of high-rate, short-term loans are financially damaging. more »
The Consumer Financial Protection Bureau has released its annual report to Congress, detailing enforcement actions in 2014 and the status of coming up with rules for the collection industry. more »
WASHINGTON — Large mortgage servicers continued to shed delinquencies as overall loan performance improved in the fourth quarter, the Office of the Comptroller of the Currency said Friday. more »
CardFlex Inc. and its principals have settled charges that they illegally processed more than $26 million in consumer charges on behalf of a company called I Works. more »
A nationwide and cross-border crackdown on auto sales, including loan modifications, has included 252 enforcement actions. more »
A mortgage relief operation has settled Federal Trade Commission charges that they illegally charged upfront fees for services they falsely promised would reduce consumers’ mortgage interest rates or monthly payments. more »
U.S. Sen. Sherrod Brown, D-Ohio, announced his ongoing co-sponsorship of legislation aimed at allowing people with outstanding student loan debt to refinance at the lower interest rates offered to new borrowers. The measure has resurfaced in the 114th Congress. more »
Thirteen Minnesota hospital systems reported a bad-debt increase of $15 million between 2013 and 2014 even as charity care costs - reported by 10 hospital systems - fell by about $37 million in the same period, according to an analysis by the Minneapolis Star Tribune. more »
The National Foundation for Credit Counseling has received a grant award totaling $2.3 million from NeighborWorks America to support foreclosure prevention efforts through its Member Agencies. more »

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