The expansion of Medicaid under the Affordable Care Act is reducing medical debt in collections for some low-income consumers, according to a study from the National Bureau of Economic Research (NBER). more »
The Coalition to Improve Credit Education, a group that will focus on policy issues involving helping consumers understand how they can improve their credit reports and scores, launched this week with the support of more than 20 community development, financial literacy and minority leadership organizations. more »
Foreclosures filings fell in the first quarter to the lowest level in more than nine years and foreclosure activity dropped below pre-recession levels in more than one-third of major metropolitan areas. more »
Young college graduates, including those who are still paying off student loans, are more likely to buy a home than their peers who did not go to college, according to a report from Navient and Ipsos. more »
U.S. bankruptcy filings for the first quarter ended March 31 fell 5% to 195,565 compared to 205,851 in the same period last year, according to the American Bankruptcy Institute and data provided by Epiq Systems Inc. more »
Hammond-Henry Hospital in Geneseo, Ill. filed a seven-count lawsuit in Henry County (Ill.) Circuit Court alleging breach of contract by collection agency Allied Business Accounts, doing business as Health Care Billing Services. more »
"We kept seeing borrowers severely impairing their balance sheet" by going to online lenders, says Pat MacKrell, CEO of Excelsior Growth Fund (left). Flushing Financial CEO John Buran says he hopes a new Excelsior program will bring more small businesses back to banks.