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Feds Finalize Rule Erasing $49 Billion In Medical Debt From Credit Scores, CFPB Says Feds Finalize Rule Erasing $49 Billion In Medical Debt From Credit Scores, CFPB Says
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 …

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by Chris Spiker
Lifestyle
Here's How Many Robocalls New Yorkers Were Bombarded With In April Here's How Many Robocalls New Yorkers Were Bombarded With In April
Here's How Many Robocalls New Yorkers Were Bombarded With In April Robocalls continue to be a scourge for New Yorkers, with millions of callers being flooded by calls “at all hours of the day and night.” In April, New Yorkers received 290.3 million robocalls, which is an average of 112 calls per second and 11 calls per New Yorker. In April, there were 176 million robocalls made to numbers in New York City and Long Island, and there have been more than 720 million robocalls reported since the year started, according to Sen. Chuck Schumer. In response, Schumer is backing legislation that would give federal investigators the tools to trace, prosecute and fi…

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by Zak Failla
Lifestyle
$86 Billion: That's What Three Million New Yorkers Owe In Educational Loans $86 Billion: That's What Three Million New Yorkers Owe In Educational Loans
$86 Billion: That's What Three Million New Yorkers Owe In Educational Loans Student debt numbers are astronomically high in New York, with about three million residents owing a total of approximately $86 billion, News 10 reports. The New York Assembly conducted a hearing Tuesday, Nov. 27 to determine whether or not legislative action may be necessary to alleviate the growing problem. "New Yorkers are hurting. The student loan borrowers in this state are teachers, nurses, service members and veterans, young and old, urban and rural and black and white,” said Seth Frotman, the former Student Loan Ombudsman at the Consumer Financial Protection Bureau. As a whole, Ame…

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by Valerie Musson