{{#header_override}} {{{header_override}}} {{/header_override}} {{^header_override}}
{{frontend_display_name}}
{{/header_override}}
Subscribe
{{^corporate_only}}
{{#facebook}}
{{/facebook}} {{#twitter}}
{{/twitter}} {{#instagram}}
{{/instagram}}
{{/corporate_only}}
{{#categories}}
{{name}}
{{/categories}}
Tags
Jobs
Shop
Sponsored Content
Support Us
Home
About us
All sites
Advertise with us
Contact us
Terms of use
Privacy policy
Code of ethics
Site Map
© {{current_year}} Cantata Media
Find Your Daily Voice
GO
Tag:
Debt Collection
Arlington, VA
On Your Side
Medical Debt Returning To Americans' Credit Reports After Judge Reverses Biden-Era Rule
A federal judge in Texas has overturned a Biden-era rule that removed medical debt from Americans' credit reports. Judge Sean Jordan scrapped the regulation in a ruling on Friday, July 11. The Consumer Financial Protection Bureau finalized the rule on Tuesday, Jan. 7, about two weeks before former President Joe Biden left office. The decision came exactly a week after President Donald Trump signed the previously named "One Big Beautiful Bill" into law. Experts warn that the Republican-backed budget reconciliation legislation makes sweeping cuts to Medicare and Medicaid, while incr…
Arlington, VA
On Your Side
Student Loan Defaults Loom For Millions As Trump Administration Resumes Debt Collections
Millions of federal student loan borrowers are weeks away from default as serious delinquencies surge to record highs after the Trump administration resumed debt collections, economists say. Nearly one-third (31%) of federal borrowers with a payment due were at least 90 days late in April, according to a new report from TransUnion released on Tuesday, June 24. That's nearly triple the pre-pandemic rate of 11.7% and the highest figure on record. Just 0.3% of borrowers were in default by April, but with nearly 5.8 million now more than 90 days late, many are on the brink of defaulti…
National Interest
Record Student Loan Borrowers Face Default As Collections Resume, Grads Enter Weak Job Market
A record number of federal student loan borrowers are seriously delinquent as debt collections resume after a five-year pause, while new college graduates face tough employment prospects. The Education Department restarted collecting defaulted federal student loan debt on Monday, May 5. Collections were paused at the beginning of the COVID-19 pandemic. The move threatens to seize tax refunds and garnish paychecks from millions of Americans in default on their loans. The Education Department said about 42.7 million people owe more than $1.6 trillion in student loan d…
National Interest
Trump Administration To Resume Student Loan Debt Collections, Millions Face Seized Paychecks
The Trump administration will begin seizing tax refunds and garnishing paychecks from millions of Americans in default on their student loans for the first time in five years. The Department of Education announced it will restart collections on its defaulted student loan portfolio on Monday, May 5. The agency said about 42.7 million people owe more than $1.6 trillion in student loan debt. About five million borrowers are already in default, with millions more in late-stage delinquency. "American taxpayers will no longer be forced to serve as collateral for irresponsible student loan p…
Albany, NY
On Your Side
DoorDash Unveils ‘Buy Now, Pay Later’ For Deliveries—Internet Has A Field Day
Struggling to justify that $30 fast food order? No worries–DoorDash is letting you buy now, worry later. The popular food delivery app announced a partnership with Klarna, the buy now, pay later (BNPL) platform, allowing customers to split the cost of their meals, groceries, and even DashPass membership into installment payments. In the coming months, DoorDash users will have three new payment options at checkout: Pay in Full: The traditional method Pay in 4: Split payments into four interest-free installments Pay Later: Defer payments until a later date, aligning them with your paycheck …
National Interest
Feds Finalize Rule Erasing $49 Billion In Medical Debt From Credit Scores,
Cfpb
Says
About 15 million Americans will see their credit reports cleared of medical debt under a new rule approved by the Consumer Financial Protection Bureau. The CFPB has finalized a landmark rule that removes $49 billion in medical debt from credit reports, the bureau said in a news release on Tuesday, Jan. 7. The regulation also prohibits lenders from using medical information in lending decisions when evaluating loan applications. The rule is expected to raise credit scores by an average of 20 points and enable the approval of 22,000 additional mortgages annually. "People …
Franklin Township, NJ
Breaking News
SWAT
Standoff
: Somerset County Gunman Complies After Firing Shots At Visitor
A 4-hour standoff ended Tuesday morning with a Somerset County homeowner in custody after he fired shots at a visitor, authorities said. The victim was visiting the apparent gunman at his Elm Drive home in Montgomery Township around 5:30 a.m. in an attempt to collect a debt from him, according to Somerset County Prosecutor Michael H. Robertson, Chief of County Detectives John W. Fodor, and Montgomery Township Captain/Director James Gill. When the homeowner, who is known to the victim, answered the front door, he got out of the house and fired a single shot from a handgu…
