A Few Clouds and Breezy 22°
Tag:

Financial Strain

News
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 …

SHARE

by Chris Spiker
Schools
High School Near Westchester Border To Permanently Close After 100 Years High School Near Westchester Border To Permanently Close After 100 Years
High School Near Westchester Border To Permanently Close After 100 Years A high school near the border of Westchester will cease operations and not re-open in September of 2024. St. Barnabus High School in the north Bronx said the decision was made "with a heavy heart." "Despite such a beautiful and successful celebration of our 100th anniversary, our school is unable to overcome the financial strain it has been under for many years," the school said in announcing the news. "Enrollment levels over the past several years have challenged our ability to meet the costs of providing a quality curriculum.  "In addition, the rising costs of operating the building…

SHARE

by Joe Lombardi