IRS Program Allows You to Remove Certain Tax Liens From Your Credit Report
According to the Fair Credit Reporting Act, unpaid tax liens can remain on your credit report indefinitely and paid tax liens can remain on your credit report for seven years from the date you paid it off in full.
New York Adds Regulations Governing Debt Collectors and Debt Buyers
The New York State Department of Financial Services recently promulgated new regulations that govern debt collectors and debt buyers.
Changes to Indiana Wage Garnishment Law
Effective July 1, 2014, Indiana enacted new limits on wage garnishments. Old Indiana Wage Garnishment Limits Previously, Indiana law tracked federal wage garnishment limits.
Portion of Maryland Wage Garnishment Law Struck Down by Court
In March of 2014, a Maryland Appellate Court ruled that one part of the Maryland wage garnishment law was invalid insofar as it conflicted with federal wage garnishment law.
Credit Reporting Agencies Announce New Policies That Benefit Consumers
In March 2015, the three nationwide credit reporting agencies, Experian, Equifax, and TransUnion, announced new policies that will make credit reports more accurate and better help consumers dispute credit report errors.
Obama Announces Student Aid Bill of Rights
In early March President Obama announced new steps that the Department of Education will take in order to help the millions of Americans that are repaying student loans.
Debt Collector Agrees Not to Use District Attorney Letterhead in Bad-Check Diversion Cases
The Consumer Financial Protection Bureau (CFPB) recently sued and reached a settlement with a national debt collection agency that was hired by district attorneys’ offices around the country to administer bad check diversion programs.
CFPB Online Tool for Those Repaying Student Loans
In May 2015, the Consumer Financial Protection Bureau (CFPB) announced it’ re-launch of its “Repay Student Debt” tool.
Oklahoma Increases Dollar Amount Protection for Deficiency After Repossession
Effective July 1, 2014, Oklahoma increased the dollar amount protection for its anti-deficiency statue to $4,900.
Minnesota Increases Dollar Amount Protection for Deficiency After Repossession
Minnesota has one of the most consumer-friendly anti-deficiency statutes in the country.
Indiana Increases Dollar Amount Protection for Deficiency After Repossession
If your car or other personal property is repossessed in Indiana, the creditor can pursue you for a deficiency afterwards.
South Carolina Increases Dollar Amount Protection for Deficiency After Repossession
Effective July 1, 2014, South Carolina increased the dollar amount for its anti-deficiency statute from $5,300 to $5,450.
Updates to Money Troubles Chart: Are You Always Liable for Deficiency?
Chapter 7 of Money Troubles has a cHere are changes to chart entries for: Florida, Maine, Maryland, and Missouri.hart titled "Are You Always Liable for Deficiency?"
FDCPA Defendant Can Collect Costs From Losing Plaintiff
The U.S. Supreme Court ruled that a prevailing FDCPA defendant can collect costs.
Change to California Wage Garnishment Limits
On July 1, 2013 the California wage garnishment law changed.
New Rules for Student Loan Repayment Programs (IBR, ICR, and PAYE), Effective July 1, 2013
Effective July 1, 2013, student loan servicers must comply with new rules when they perform their loan payment recalculation for the IBR, ICR, and PAYE programs.
New Application Procedure for Student Loan Disability Discharge, Effective July 1, 2013
If you are submitting an application to discharge (get rid of) your student loans because you are disabled, the procedure just got easier.
Eighth Circuit Rules That the CCPA Protects Private Insurance Disability Payments
In a recent case, the Eight Circuit Court of Appeals ruled that private disability payments are included in the definition of “earnings” under the federal Consumer Credit Protection Act (CCPA).
CFPB Issues Advisory for Those Repaying Private Student Loans
On October 16, 2013 the Consumer Financial Protection Bureau (CFPB) issued a consumer advisory to those repaying private student loans.