Researchers have identified a connection between the amount of unsecured debt being carried by older Americans and an increased variety of health problems, including being more likely to be diagnosed with cancer or heart disease and even an impaired ability to handle regular activities like bathing a dressing, according to …
Read More »Data Hints Consumers Not Worried About Looming Recession
All signs might be pointing to a recession on the horizon, but consumers either aren’t getting the memos or they just don’t think it’s going to affect them very much, according to data released yesterday by the Federal Reserve Bank of New York. In fact, more consumers think they are …
Read More »Report Breaks Down Consumers’ Financial Situation During Pandemic
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 …
Read More »Lawsuit Totals, CFPB Complaints Trending Downward: WebRecon
Perhaps it’s only fitting around the holidays that the monthly chart published by WebRecon detailing the number of lawsuits filed against companies in the accounts receivable management industry and the number of complaints filed by consumers with the Consumer Financial Protection Bureau have a fair bit of both red and …
Read More »Complaints Drop, But Lawsuits Rise in October: WebRecon
Consumers continued to appear to have opposing reactions to their interactions with companies in the accounts receivable management industry in October, with fewer consumers complaining to the Consumer Financial Protection Bureau, but more consumers filing lawsuits, according to data released yesterday by WebRecon. WebRecon did note that the number of …
Read More »CFPB Analyzes Dispute Trends on Credit Reports
Consumers that live in neighborhoods where the majority of individuals are African-American or Hispanic, or who are delinquent on their payments, or who are younger, or who have lower credit scores are the individuals who are most likely to dispute items on their credit reports, according to an analysis conducted …
Read More »Numbers Down For September, But CFPB Complaints Already Setting Records: WebRecon
Everything WebRecon tracks and reports was in the red for September, compared with August’s totals, and most were down when compared to the totals for September 2020, as well, which might offer collection agencies a brief reprieve as they focus much of their attention on getting ready for the enactment …
Read More »CFPB Launches Investigation into How Tech ‘Giants’ Use Payment Info
If you have ever watched a movie where someone goes to jail, the advice that the person usually receives is to fight the biggest inmate on the first day, to show you mean business and that you’re tough. Well, the new Director of the Consumer Financial Protection Bureau, who has …
Read More »CFPB Complaints Keep Skyrocketing As Lawsuit Totals Rise More Slowly: WebRecon
Plaintiffs were a little bit busier in August than they have been in recent months, according to data released recently by WebRecon, while consumers slowed down the number of complaints they filed with the Consumer Financial Protection Bureau. The number of lawsuits filed against companies in the accounts receivable management …
Read More »Lawsuits Down, But Repeat Filers Keep Busy: WebRecon
While the number of lawsuits against companies in the accounts receivable management industry continued to decline, the individuals who are filing more than one lawsuit is on the rise, according to data released recently by WebRecon. The number of suits alleging violations of the Fair Credit Reporting Act, the Fair …
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