Debt Collectors

  • Americans Have More Debt Than Ever – and It Is Creating an Economic trap

    By LRNadmin
    In December 6, 2017
    Comments off
    Americans have more debt than ever — and it’s creating an economic trap BY: Pedro Nicolaci da Costa of Business Insider –Direct Link to Article October 22, 2017 An International Monetary Fund report finds that high levels of household debt deepen and prolong recessions. US household debt is at pre-Great Recession levels. Household debt jumped by over $500 billion in the second quarter to $12.84 trillion. A scary little...
    Read More →

  • Citibank Stops Collecting Credit Card Debt

    By LRNadmin
    In March 2, 2016
    Comments off
    Citibank Will Stop Collecting $34 Million in Credit Card Debt By Jeanine Skowronski Published February 24, 2016 Certain credit card debtors are in for some relief. Citibank (NYSE:C) has agreed to provide nearly $16 million in consumer relief and forgo collecting on about $34 million in debt held by nearly 7,000 cardholders as part of two enforcement actions taken by the Consumer Financial Protection Bureau. The CFPB consent orders, released...
    Read More →

  • With Debt Collection, Your Bank Account Could Be At Risk

    By LRNadmin
    In September 20, 2014
    Comments off
    By CHRIS ARNOLD, NPR and PAUL KIEL, PROPUBLICA This story was co-published by NPR and ProPublica, an investigative journalism organization. September 16, 2014 5:03 AM ET Kari Fiotti moved back to Omaha, Neb., in 2009 after a decade living in Italy. She had divorced her husband and returned to the U.S. to start a new life. Then, Fiotti, 44, took a pricey fall. “When I came back, I fell and...
    Read More →