Counting the millions of evictions

The Eviction Lab, a project led by sociologist Matthew Desmond (author of Evicted), have performed the invaluable and impressive task of gathering landlord-tenant eviction records from every county in the nation for the past 16 years. The sobering results, released today (NY Times story) paint a picture

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US Ed to shield debt collectors from consumer protection

As if the power to garnish wages without going to court, seize federal income tax refunds and charge 25% collection fees weren’t enough, debt collectors have now persuaded the Education Department to free them from state consumer protection laws when they collect defaulted student loans. Bloomberg News reports that a

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Phantom debt collectors impersonate law firms

Getting a call from a debt collector can be stressful. But it can be downright frightening when the caller uses lies, profanity and threats to try to get you to pay. In a case announced today, the FTC says a debt collection operation in Charlotte, NC pretended to be

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Huge win for Debt Collectors/Debt Buyers

Florida Court Finds Materiality Needed for Date of Delinquency Claims Under FDCPA-****Huge win for Debt Collectors/Debt Buyers**** On October 31, 2017, a federal judge in Florida reaffirmed a legal principal that only the material misrepresentations of a debt collector are actionable under the Federal Debt Collection Practices Act (FDCPA), 1692

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Trump Administration Wants to Get Rid of CFPB

The Consumer Financial Protection Bureau (CFPB) yesterday released a report that shows complaints by student loan borrowers have driven actions that have produced more than $750 million in relief for student loan borrowers and strengthened the student loan repayment process for millions more. These changes include automatic student loan interest-rate

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Arkansas AG goes after Credit Repair Company

Make sure you follow the compliance information within CCA membership dashboard. It is also good to have an attorney to look at your agreement. LITTLE ROCK – Arkansas Attorney General Leslie Rutledge has held Florida-based Capital Credit Solutions Inc. and its owner Willie J. McKenzie accountable for false and

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Credit Score Competition Act” Introduced in U.S. Senate

Unless you’ve been hiding under a rock, you know that the credit industry has been shaken up yet again by the bipartisan support it has been receiving on the Hill. This month, the “Credit Score Competition Act,” a bill that requires consideration of other credit scoring models when assessing mortgage

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