Bank of America Penalized for Illegal Garnishments
Bank of America has been ordered to pay a $10 million penalty and make refunds to customers who were hit by illegal garnishments and the fees it charged for those …
Credit Reports Used to ‘Extort’ Consumers into Paying Healthcare Bills
The American healthcare and credit reporting systems work in tandem to “coerce and extort patients into paying medical bills they may not even owe,” a new report from the U.S. …
When Is a Loan Not a Loan?
Everyone knows that using credit to make purchases is handy but can also be expensive and risky to your financial well-being. Using cash is sometimes better but can deplete your …
Millions Drowning in a Tsunami of Medical Debt
There’s a lot of public angst about student loan debt. Now you can add unpaid medical bills, which are about twice as high as previously thought, with an estimated 18 …
Consumers Get New Protections from Illegal Debt Collections
While 2020 didn’t have many high points, there’s at least one thing for consumers to celebrate – a new initiative aimed at protecting consumers from fraudulent and harassing debt collectors. …