Tag Archives: COVID-19

The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency have imposed $225 million in fines against Bank of America for “botching” the disbursement of state unemployment benefits in 2020 and 2021 during the “height” of the COVID-19 pandemic. A copy of the Consent Order can …

A New Jersey Appeals Court has upheld a ruling in favor of a debt collector that was sued for filing a collection lawsuit against an individual, after the individual claimed, among other issues, that the collector should not have been allowed to file suit during the pandemic because of a …

The COVID-19 pandemic that has spent more than two years ravaging its way across the United States has not had any impact on the amount of medical debt being carried by individuals, even though millions were hospitalized and countless others lost their jobs — and their health insurance, according to …

A bill has been introduced in the House of Representatives that would prohibit evictions that were related to the COVID-19 pandemic from appearing on those individuals’ credit reports. H.R. 6882, the Keeping Evictions Off Credit Reports Act was introduced by Rep. Steve Cohen [D-Tenn.]. Rep. Cohen claims that 40 million …

The Supreme Court yesterday shut down the mandate from the federal government that employers with more than 100 employees must institute a mandate for workers to either get vaccinated against COVID-19 or be tested every week saying the government overstepped its authority in having the Occupational Safety and Health Administration …

After yesterday’s article indicated that there might be increased pressure from Democrats to get President Biden to cancel some of all of the outstanding student loan debt across the country, a published report concluded that the success of the economy in the two years since student loan payments were paused …

As the COVID-19 pandemic took over the United States in 2020 and through 2021, fewer consumers — by and large — had problems paying their bills, but those who did have problems doing so had more problems than usual, according to data that was released last week by the Consumer …

As a parent, one of the most important lessons I have learned is that don’t say something unless you mean it and intend to follow through on it. That appears to be a lesson that the Biden administration and the Department of Education need to learn as well. Back in …

The COVID-19 pandemic has turned more Americans pessimistic about their financial futures, while more than one-quarter of consumers feel their financial situations are worse now than they were about a year ago, according to a report released by Encore Capital Group, which surveyed its customers both here in the United …

Mortgage servicers, your time is up. The 18 months that you have been given to adjust your operations in order to work with individuals who have been affected by the COVID-19 pandemic and “develop robust business continuity and remote work capabilities” are enough that state ad federal regulators have come …