Chester County News and Community Website
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) recently announced it finalized an enforcement action against debt-relief payment-processors RAM Payment and Account Management Systems (AMS), as well as AMS’s …
Scam Ringleaders Ordered to Pay More Than $8 Million to Consumers and Student Loan Borrowers Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) says that is recently finalized an enforcement action against Bank of America for processing illegal, out-of-state garnishment orders against its customers’ …
Bank of America Ordered to Pay $10 Million Penalty for Illegal Garnishments Read More
HARRISBURG, PA — Attorney General Josh Shapiro, along with a multistate coalition of attorneys general, this week called on the CEOs of JPMorgan Chase, Bank of America, U.S. Bank, and …
AG Shapiro Calls for Consumer Banks to Eliminate Overdraft Fees Read More
WASHINGTON, D.C. — The Department of Veterans Affairs published a final rule in the Federal Register, on February 2, amending VA’s procedures for reporting debt to consumer reporting agencies.
VA Establishes New Threshold for Reporting Benefit and Medical Debt Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) announced it will begin examining the operations of post-secondary schools, such as for-profit colleges, that extend private loans directly to students. …
Consumer Financial Protection Bureau to Examine Colleges’ In-House Lending Practices Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) released a bulletin reminding debt collectors and credit bureaus of their legal obligations in light of the No Surprises Act, which …
CFPB Issues Bulletin to Prevent Unlawful Medical Debt Collection and Credit Reporting Read More
HARRISBURG, PA — Governor Tom Wolf is reminding Pennsylvanians working in the public service sector of available student loan forgiveness programs ahead of the new year, including the Pennsylvania Student …
Financial Forgiveness Programs Available for Public Service Employees in Pennsylvania Read More WASHINGTON, D.C. — Banks continue to rely heavily on overdraft and non-sufficient funds (NSF) revenue, which reached an estimated $15.47 billion in 2019, according to research released today by the Consumer …
CFPB Research Shows Banks’ Deep Dependence on Overdraft Fees Read More
PHILADELPHIA, PA — Vera McCoy, the Financial 1st Aid Podcast host, is a business owner and practicing attorney whose areas of practice are real estate and bankruptcy.
Vera McCoy: Helping Entrepreneurs Plan for Tough Financial Decisions Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau recently released its fifth biennial report to Congress on the consumer credit card market, finding that the market’s growth over the last …
Report Finds Declines in Credit Card Debt, New Applications and Increases in Digital Engagement in 2020 Read More