Payday Loan Cap Bill Advances in Louisiana
Louisiana legislators Wednesday advanced a proposal to limit the number of payday loans a borrower can take out each year, a concession of sorts after a stronger measure failed.
  more »
Midland, Texas is the latest in a growing number of cities proposing an ordinance that affects payday lenders, or credit access businesses. more »
The Consumer Financial Protection Bureau is raising concerns about a caveat in private student loan contracts that allows lenders to automatically put a borrower in default when a co-signer faces certain kinds of hardship. more »
U.S. hospitals increasingly are reviewing patients' credit scores. The idea is to identify patients needing counseling options about payment plans or charity care but the information also helps with debt collections. more »
Two officials of the Consumer Financial Protection Bureau who played important roles in shaping the new mortgage rules have joined Wells Fargo. more »
A report on student loan debt suggests that borrowing by people in graduate and professional degree programs is rising and could total a larger-than-expected portion of the nation’s $1 trillion in total outstanding federal student loans. more »
The Social Security Administration announced Monday the suspension of a program to collect more than 10-year-old taxpayers' debts by seizing tax refunds. more »
A South Dakota-based payday lending operation settles charges after using tribal affiliation to illegally garnish wages. more »
Debt buyer Encore Capital Group Inc. has earned DBA International's industry certification. The program was launched last year and all DBA members are required to meet the standards by 2016. more »
Kaulkin Ginsberg announces that its spring semester research fellows program, in conjunction with the University of Maryland, College Park’s Department of Economics undergraduate studies program, is underway. more »
Arizona's attorney general quietly rehired his former spokeswoman to lead the state's Collections Enforcement Unit, a move that could lead to political fallout. more »
A Missouri House panel adopted a measure to drop renewals on payday loans and lower the amount of interest borrowers can charge. more »
Two West Virginia auto loan companies settled complaints over their debt collection practices. more »

Email Newsletters

Get the Payments Update and the Morning Scan when you sign up for a free trial.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.