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The Consumer Financial Protection Bureau finalized a rule in early January to take medical debt off consumer credit reports. Texas experts say the change is a small but helpful step for patients, but its fate is unclear.
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Critics say the ‘Omnibase’ program — designed to spur people to pay off old tickets — often leaves poor Texans trapped in a cycle of debt.
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Payday and auto title loans have cost Texas 2,000 permanent jobs and taken $1.6 billion a year from mostly low-income people who would have otherwise spent the money on goods and services.
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The president’s plan would forgive up to $20,000 in student loans for borrowers who received Pell Grants to pay for college, a move that will target low-income borrowers.
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For a lot of North Texans, the arrival of COVID-19 set off a pandemic of debt. To those without much financial cushion, who worked in jobs with no remote option, the early days of the pandemic often meant racking up credit card bills to keep the family whole. Now, many are working to pay off pandemic debt.
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Americans have tacked on more than $2 trillion in household debt since the pandemic began. Dig into that eye-popping number, and an increasingly unequal America emerges.
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A new report from the Aspen Institute says debt collection lawsuits often upend family finances and that this "broken" system is stacked against defendants.
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In the pandemic, a third of Americans struggle to pay usual costs, even some earning over $100,000. But living on the edge financially is nothing new in the U.S. Three households share their budgets.
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Texas is chasing its tail when it comes to collecting court fees and fines, a new study says. And that inefficiency wastes courts' time and money – and…
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Nearly 1 in 3 Texans in neighborhoods of color have medical debt, according to a new study from the Center for Public Policy Priorities in Austin.
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Survivors of domestic violence often face financial exploitation — and that can make it more difficult to leave their partners. A bill introduced in the…
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From Texas Standard: Once survivors of domestic abuse are in a safe place, and looking to start building their future, they can face another roadblock:...