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CFPB Releases Final Medical Debt Credit Reporting Rule

Account Recovery

Additionally, it bars lenders from considering medical information in credit decisions, addressing concerns about the fairness and accuracy of medical debt in credit assessments. The Consumer Financial Protection Bureau this morning announced the release of its final rule prohibiting the inclusion of medical debt on consumer credit reports.

Lender 246
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Daily Digest – October 11. Judge Grants Sanctions Against Pro Se Plaintiff in FDCPA Case; Healthcare Providers Sued for Sending Confidential Medical Info to Collection Agencies

Account Recovery

Judge Grants Sanctions Against Pro Se Plaintiff in FDCPA Case Healthcare Providers Sued for Sending Confidential Medical Info to Collection Agencies CFPB Sues Lender for Failing to Submit Accurate Data 26 Companies Seeking Collection Talent WORTH NOTING: Mary Lou Retton is fighting for her life after contracting a very rare form of pneumonia … (..)

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50+ Commercial Debt Statistics

The Kaplan Group

Technology and Alternative Lending AI Is Reshaping Access to Credit Fintech lenders are using AI to speed underwriting and reduce bias. Nonbank Lenders Fill the Gap 24% of middle-market companies and 16% of small businesses now prefer nonbank lenders. Platforms like Mintifi and NAV-based lending are gaining traction.

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Making Medical Credit Reporting Harder is a Disaster in the Making

Nexa Collect

We all agree that healthcare costs in the USA are extremely high. Then let the lenders decide which one they want to consider or ignore. Suppressing the way medical reports are reported to the credit bureaus will surely increase the cost of healthcare, more defaults, more legal mess, and higher risk for future creditors.

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California Governor Signs Trio of Collection-Related Bills into Law

Account Recovery

The states are following the lead of the Consumer Financial Protection Bureau, which is proceeding with a similar proposal.

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How Can You Pay a Loan with a Credit Card?

Credit Corp

Yet, whether or not you can do so depends on factors such as the lender’s policies or the type of loan you want to pay off. Whether or not you can pay a loan with a credit card depends on various factors, including the lender’s policies and the type of loan you wish to pay off. Can you pay a loan with a credit card?

Loans 96
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Startling rise in construction firm recovery loan defaults

UK debt collections

The warning comes from accountant Price Bailey after analysing data from lender the British Business Bank following a Freedom of Information Act request. The default rate in construction is 2.5% – more than twice the default rate of some other sectors, such as arts and entertainment (1.3%) and healthcare (0.8%).