Hospital Bills Just Got Easier to Manage

Managing Debt

Hospital Bills Just Got Easier to Manage

Hospital Bills Just Got Easier to Manage

The Department of Treasury and the Internal Revenue Service issued final regulations on new community benefit requirements for nonprofit hospitals on Dec. 29 – offering welcome protection to American consumers struggling with healthcare costs. These regulations call on hospitals to establish written financial assistance policies (also known as charity care policies), limit the amount billed… Read More

Obama’s Data Security Plan: Do As I Say, Not As I Do

Identity Theft

Obama’s Data Security Plan: Do As I Say, Not As I Do

Obama’s Data Security Plan: Do As I Say, Not As I Do

“If we’re going to be connected, then we need to be protected,” President Obama proclaimed at the Federal Trade Commission on Monday. In wide-ranging remarks, the president expressed what should be a self-evident truth, but is not yet a reality in the new digital age: “As Americans, we shouldn’t have to forfeit our basic privacy… Read More

Privacy Bill of Rights Gets New Push From Obama

Identity Theft

Privacy Bill of Rights Gets New Push From Obama

Privacy Bill of Rights Gets New Push From Obama

Two federal laws designed to create new federal rights to privacy are part of a sweeping new set of four broad digital-age consumer protections to be proposed by the administration, President Barack Obama announced Monday. Speaking at the Federal Trade Commission, Obama announced four proposals designed to deal with a growing sense among Americans that… Read More

CFPB Sues Texas Company for Issuing ‘Sham’ Credit Card

Credit Cards

CFPB Sues Texas Company for Issuing ‘Sham’ Credit Card

CFPB Sues Texas Company for Issuing ‘Sham’ Credit Card

A Texas firm accused of selling consumers a buying club card disguised as a general-purpose credit card was sued Wednesday by the Consumer Financial Protection Bureau. The card, offered by Union Workers Credit Services cost $37 for snail-mail applicants and $95 online, the CFPB said. While thousands of consumers signed up for the card, most… Read More

Watchdog Proposes Rules to Protect Homeowners From Bad Foreclosures

Mortgages

Watchdog Proposes Rules to Protect Homeowners From Bad Foreclosures

Watchdog Proposes Rules to Protect Homeowners From Bad Foreclosures

The Consumer Financial Protection Bureau Thursday proposed new rules that would offer U.S. homeowners additional protection from foreclosure. The proposals are part of the CFPB’s ongoing effort to protect struggling homeowners and make the mortgage process easier to understand. The expanded protections cover a variety of issues, from clarity about loan delinquency to additional help for… Read More

Troubled Private Student Loan Borrowers Get Little Help, CFPB Says

Students

Troubled Private Student Loan Borrowers Get Little Help, CFPB Says

Troubled Private Student Loan Borrowers Get Little Help, CFPB Says

Borrowers stuck with oppressive private student loan debts continue to get little mercy from lenders, which is bad for both consumers and the financial institutions, according to a report issued Thursday by the Consumer Financial Protection Bureau. While distressed mortgage holders have several opportunities to appeal for lower monthly payments, and federal student loan borrowers… Read More

Will Congress Overhaul Credit Reporting Laws?

Credit Score

Will Congress Overhaul Credit Reporting Laws?

Will Congress Overhaul Credit Reporting Laws?

Nearly every day we hear from consumers who feel like their credit reports and scores are holding them back. Some have been battling mistakes they are having trouble getting fixed, others feel like they are stuck in credit purgatory because their credit reports still contain negative information from homes they lost or loans they defaulted… Read More

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