WSJ Editorial Calls Out CFPB’s Medical Debt Credit Reporting Plan
- Someone is standing up to the Consumer Financial Protection Bureau and its plan to prohibit medical debt from appearing on consumers’ credit reports. An editorial in today’s Wall Street Journal criticizes the plan, which will “make it easy to wave away hundreds of billions of dollars in medical debt” by providing “perverse incentives.”
- More details here.
More Consumers Struggling to Pay Medical Debts; Cite Inflation as Culprit
- The number of consumers who have had a medical debt sent to a collection agency has increased in 2023 compared with last year, and more than one-third of consumers owe at least $1,000, according to the results of a survey released this week by Debt.com.
- More details here.
BK Filings Spike, Reach ‘Dangerous’ Level
- The number of consumers filing for bankruptcy protection is spiking, possibly as a return to normal figures that were artificially lower during the COVID-19 pandemic, but also potentially as a sign that consumers are overextending themselves and feel like they have no other options.
- More details here.
24 Companies Seeking Collection Talent
- Curious what jobs PRA Group is hiring for? Which creditor is looking for a Senior Director of Collections and Recovery? How much are collectors in Chicago making these days? Find out the answers to those questions and more by checking out the weekly job listings summary post.
- More details here.
WORTH NOTING: Details on a solar eclipse, which parts of the U.S. will get to see in October … The Biggest Little City in the World is now also the Happiest Place to Live in the United States … McDonald’s is releasing two new dipping sauces for a limited time … Fans reveal their favorite “Saturday Night Live” cast members … The president’s dog has bitten a Secret Service agent for the 11th time … A look at how robot umpires are changing the game of baseball … Three things to consider when shopping for a used car … Someone who went to great lengths to try and find a ride home out of the woods.
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