Treasury Secretary Yellen says U.S. debt load is in ‘reasonable place’ if it remains at this level
“If the debt is stabilized relative to the size of the economy, we’re in a reasonable place,” she told CNBC’s Andrew Ross Sorkin during a “Squawk Box” live interview. “The way I look at it is that we should be looking at the real interest cost of the debt. That’s really what the burden is.” […]
Flexys and Acquired.com Partner for Debt Collection
Acquired.com, the next-generation payments business focused on powering recurring commerce, and Flexys, a leading UK-based collections management technology provider, are pleased to announce their new partnership. Flexys’ cloud-based software empowers their clients to work more efficiently, using powerful automation and digitisation. As specialists in their field, Flexys is aiming to redefine the collections technology industry […]
Flexys partners with Acquired.com for debt collection
‘Please explain’ for watchdog’s robodebt probe decision
June 13, 2024 15:47 | News A “please explain” has been issued to the national anti-corruption commission over its decision to not chase six public officials caught up in an illegal debt recovery program. The commission announced it would not launch a corruption investigation into the public officials connected to the robodebt scheme that siphoned […]
Class action claims debt collector attempts to collect already-paid debts
(Photo Credit: PeopleImages.com – Yuri A/Shutterstock) Debt collector class action lawsuit overview: Who: Mayer Silberstein filed a class action lawsuit against The CBE Group Inc. Why: Silberstein claims The CBE Group attempted to collect on a debt related to his Verizon Wireless account that he says he settled in full. Where: The class action lawsuit […]
CFPB Proposes to Ban Medical Bills from Credit Reports
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today proposed a rule that would remove medical bills from most credit reports, increase privacy protections, help to increase credit scores and loan approvals, and prevent debt collectors from using the credit reporting system to coerce people to pay. The proposal would stop credit reporting companies […]
Takeaways from AP analysis on the rise of world’s debt-laden ‘zombie’ companies
NEW YORK — An Associated Press analysis found the number of publicly-traded “zombie” companies — those so laden with debt they’re struggling to pay even the interest on their loans — has soared to nearly 7,000 around the world, including 2,000 in the United States. And many of them soon could be facing their day […]
Biden administration announces a plan for removing medical debt from credit reports
Americans would no longer have to worry about medical debts dragging down their credit scores under federal regulations proposed Tuesday by the Consumer Financial Protection Bureau. If enacted, the rules would dramatically expand protections for tens of millions of Americans burdened by medical bills they can’t afford. The regulations would also fulfill a pledge by […]
Biden Proposes Dropping Medical Debt From Credit Reports – The New York Times
The move would offer relief to millions of Americans who need a better credit score to get an apartment or a car, but it would not wipe out their financial obligations. The Biden administration on Tuesday proposed removing medical debt from the credit reports of more than 15 million Americans, making it easier for them […]
Biden administration advances plan to remove medical debt from credit scores
Americans would no longer have to worry about medical debts dragging down their credit scores under federal regulations proposed Tuesday by the Consumer Financial Protection Bureau. If enacted, the rules would dramatically expand protections for tens of millions of Americans burdened by medical bills they can’t afford. The regulations would also fulfill a pledge by […]