Legislation passed in the final hours of the 2024 Session should give significant relief for many Minnesotans struggling to pay medical debt.
On June 3, 2024, the Consumer Financial Protection Bureau (CFPB) published a final rule requiring covered nonbanks – generally nonbanks that are “covered persons” under the Dodd-Frank Act, subject to certain exceptions – to report final agency and court orders to the CFPB. These records will be incorporated into a newly established registry designed to allow the CFPB, other regulators, industry watchdogs, and the public to “identify repeat offenders and recidivism trends.”
The Federal Reserve’s latest report on consumer credit, released Friday (June 7) may give a sign that consumers are pulling back on spending and paying down card debt.
WASHINGTON (Reuters) -The Federal Communications Commission on Friday asked the U.S. 6th Circuit Court of Appeals in Cincinnati, Ohio to transfer a series of industry legal challenges to its decision to reinstate landmark net neutrality rules to a federal court in Washington.
(Bloomberg) -- US consumer borrowing increased in April by less than forecast as credit-card balances declined for the first time in three years.
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