Republican Gov. Phil Scott has vetoed legislation that would allow Vermonters to sue large data brokers that misuse their sensitive personal information. Scott said the bill, known as H.121, has elicited unusual levels of opposition in Vermont’s business community.
In 2024, a few key concerns bubble consistently to the top of the list for the paycheck-to-paycheck economy. The PYMNTS Intelligence report “New Reality Check: The Paycheck-to-Paycheck Report: Why One-Third of High Earners Live Paycheck to Paycheck” found that 82% of the roughly 4,000 respondents said concerns about inflation are No. 1 on the list of economic woes, and only 17% hold out any hope that inflation will subside anytime soon.
With all the talk about medical debt this week as a result of the Consumer Financial Protection Bureau’s proposed medical debt credit reporting rule, it’s perhaps interesting to note that a majority of consumers feel forgiving medical debt is more important than forgiving student loan debt, according to the results of a new poll. Fifty-one percent of individuals believe it is very important or extremely important to forgive medical debt, compared with 39% who believe the same for student loan debt.
The credit reporting system is intended to help lenders accurately assess whether someone is likely to repay a loan. Most information on a credit report represents debts that a consumer voluntarily signed up for, like a mortgage, an auto loan, or a credit card. In recent years, however, medical bills became the most common collection item on credit reports. Research from the Consumer Financial Protection Bureau in 2022 showed that medical collections tradelines appeared on 43 million credit reports, and that 58 percent of bills that were in collections and on people’s credit records were medical bills.
.jpg)
.jpg)