Share Save Home / Daily Dose / CFPB Details the Debt Struggle Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago CFPB debt 2020-07-13 Mike Albanese in Daily Dose, Featured, Foreclosure, News Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Despite Pandemic and Recession, Housing is Surging Next: Effective Foreclosure Prevention in a Crisis July 13, 2020 1,185 Views About Author: Chuck Green CFPB Details the Debt Struggle Sign up for DS News Daily It’s no secret that many Americans—especially during COVID-19—are struggling with debt, as reported today by The Consumer Financial Protection Bureau (CFPB) in an analysis of recent trends in settling debt and credit counseling.Changes over time in the approach used by consumers have used these debt relief options for unsecured debt are reflected in the report.”Even as we’ve continued to move forward with our other regulatory work, we’ve taken several steps in response to the COVID-19 emergency,” the CFPB said in its post by Susan Bernard, head of its regulations office, reported DS News.The agency’s been “prioritizing activities aimed at protecting the stability of the financial sector and enhancing its recovery once the public health crisis has passed and guarding consumer financial well-being during following the COVID-19 emergency,” continued the post.Meantime, consumer advocates and others have urged the CFPB to put a hold on, for now, rulemaking initiatives unrelated to the pandemic, according to DS News.Almost one in 13 consumers with a credit record had a minimum of one account reported by the creditor as settled or with payments managed by a credit counseling agency from 2007 through 2019, the CFPB stated. That was determined by tapping the Bureau’s Consumer Credit Panel, a nationally representative sample of around 5 million de-identified credit records maintained by one of three nationwide consumer agencies.During the Great Recession, debt settlements ballooned dramatically, topping out at $11.4 billion, the report also shows. Over 50% of the settlements unfolded within a year of the account hitting delinquency. In the aftermath of the recession, while debt settlements and credit counseling are occurring less frequently, following changes in delinquencies and credit tightness, a recent uptick in settlements has occurred.Economic downturns down the road might culminate in these trends rearing again. These efforts are a by-product of other recent work by the foundation. The Bureau undertook the work to fuel market conversations underscoring progress in options for consumers, unable to manage their unsecured debts any longer.Meanwhile, the agency also outlined additional key rulemaking initiatives it anticipates making advances on in the months ahead, according to DS News.Rules proposed last year that would shed additional light on consumer communication standards for debt collections are Included. They also would restrict certain collections practices. That would mark the first regulations ever issued under the Fair Debt Collection Practices Act, a four-decade-old federal law governing the industry.It noted that final action on these draft rules is due to be initiated in October by the CFPB. “At a later date,” additional action will be taken to finalize a recent proposal trained on tome-barred debt disclosures.This fall, the Bureau plans to propose new Home Mortgage Disclosure Act rules, which would address details lenders are required to report. What’s more, “in light of consumer privacy interests,” how the collected data is disclosed publicly.“As consumers seek temporary relief from lenders, the pandemic is impacting the operations of financial companies that are eager to help their customers during this unprecedented time,” said CFPB Director Kathleen L. Kraninger. The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Print This Post Chuck Green has contributed to the Wall Street Journal, Washington Post, Los Angeles Times, San Francisco Chronicle, Chicago Tribune and others covering various industries, including real estate, business and banking, technology, and sports. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: CFPB debt Servicers Navigate the Post-Pandemic World 2 days ago read more
Rob McClure & Will Chase in ‘Something Rotten!'(Photo: Joan Marcus) View Comments Renaissance rock stars Rob McClure and Will Chase are taking a break from the slings and arrows of outrageous musical comedy to answer your questions. Whether ’tis nobler to ask the Something Rotten! guys questions about the show they do eight times a week or previous roles in Honeymoon in Vegas, Noises Off, Chaplin and Avenue Q (that’s all McClure) or Nashville, The Mystery of Edwin Drood, Aida, Lennon, Rent, Miss Saigon, High Fidelity and Smash (that’s all Chase)… well, that’s the question. Is Bottom gonna be on top? Is it hard to be the Bard? These questions and more will be answered by these Broadway faves!&amp;amp;lt;a data-cke-saved-href=&amp;amp;quot;https://broadway.wufoo.com/forms/m5jkt2g0v7dz13/&amp;amp;quot; href=&amp;amp;quot;https://broadway.wufoo.com/forms/m5jkt2g0v7dz13/&amp;amp;quot;&amp;amp;gt;Fill out my Wufoo form!&amp;amp;lt;/a&amp;amp;gt; Will Chase Star Files read more
The National Army has always conducted outreach events to comply with this protocol. The Military also provides interpreters as necessary, performs studies on each area to learn the community’s precise characteristics, and defines possible risks healthcare professionals could face during an event. “Indigenous communities require that we plan events earlier and more carefully,” said Carlos Candil, Army Ethnic Affairs Liaison. “There are protected communities where there is or was conflict, so many of them do not allow any armed group to enter. In order to undertake any activity with indigenous communities, a Preliminary Consultation is necessary; that is, we must ask the permission of the indigenous governor. This process can take up to two months.” The National Army assisted indigenous communities with outreach programs of this type since the Military created the Integrated Action Headquarters in 1974. Every one or two years, Armed Forces officials adjust this initiative based on the needs of indigenous populations, law enforcement circumstances, and the Army’s capacity to render assistance. In the community where Candil lives, within the municipality of Sesquilé, which is near Bogotá and in the department of Cundinamarca, he has already served as the indigenous governor and traditional authority. With his experience, he advises and trains members of the Army’s Ethnic Affairs Offices throughout the country to teach them how to interact with indigenous communities. Of the 78,543 indigenous persons who benefited from events in 2015, the ethnic groups that received the most assistance were the Nasa in the department of Cauca with 7,200 beneficiaries; the Awá in the department of Nariño with 5,620 beneficiaries; the Wayuu in the department of Guajira with 4,505 beneficiaries; and the Pijao in the department of Tolima with 3,650 beneficiaries. The National Army focuses its assistance on indigenous populations because they usually live in vulnerable conditions. Though the outreach events are held in each region to benefit the entire population, the National Army has been employing different logistics for indigenous and non-indigenous communities to provide medical attention more effectively since 2015. For the past two years, Candil, who also is the education and labor leader for an indigenous community of the Muisca ethnicity, serves as a liaison between the Military and the indigenous populations to help establish dynamics such as the Development Support Outreach Events and other Army initiatives. “My duties consist of teaching officers and non-commissioned officers (NCOs) in Ethnic Affairs Offices about the cultures and traditions of the 102 indigenous communities in the country as well as those of African descent,” Candil said. “So that Military personnel can perform their duties as community liaisons, I focus on providing a general overview on each ethnic group – what its daily duties are, what its recognized territory is, how they interpret their sacred sites, and the appropriate way for service members to approach each community.” Assisting indigenous populations Military commanders for each of the National Army’s eight divisions determine which populations require the most immediate attention. Scheduling the outreach events is a continual effort that requires bringing together Military units to provide transportation and logistical support, which includes teaming with healthcare institutions in Bogotá, finding volunteers in each region, and working with private businesses to donate medical supplies, clothes, and food. “Planning a visit begins with direct contact between a service member and the population,” Col. Garcia said. “At times, the Army is the only institution present in certain areas, so it knows the real needs in each region. This communication is escalated up to the division commander, where it is evaluated. Then, they begin to plan out the outreach event, analyzing the area in general and the population in particular to cover as many people as possible.” Army inititatives Colonel Pedro Antonio García, deputy director of the Army’s Integrated Action Headquarters, explained that the Development Support Outreach Events are organized by the National Army as part of its mission to protect territorial integrity and to create a peaceful environment for development. “There are several populations in Colombia whose basic needs are left unsatisfied,” he said. “The Development Support Outreach Events were designed to create more opportunities for the country’s vulnerable populations.” Although there is no consolidated registry of all of the Development Support Outreach Events, Col. García said that “as a consequence of the decreased intensity of the armed conflict, we have been able to increase the outreach events in recent years in terms of coverage and frequency.” The National Army oversees the visits by a group of 40 professionals that includes physicians, dentists, ophthalmologists, psychiatrists, therapists, and pediatricians, among others. The medical professionals offer their services for free during a weekend to those who do not have easy access to healthcare services. By Dialogo March 17, 2016 Outreach Events This year, the Integrated Action Headquarters reported that six outreach events have been conducted in benefit of the Wayuu communities in the departments of Guajira and Cesar; the Pijao in Meta; and the Pastos in Quindío and Risaralda. The number of persons who received benefits so far this year has not been finalized. The Preliminary Consultation is a fundamental right of indigenous communities and other ethnic groups in Colombia when projects, public works, and other activities are held in their territory. This is intended to protect their cultural, social, and economic integrity while guaranteeing their right to participate. Colombia’s National Army promotes health in indigenous communities through Ethnic Group Development Support Outreach Events, a series of visits to provide a full range of healthcare services to communities that are far removed from the country’s urban centers. The Army has held six events in 2016, and plans on conducting another 101. In 2015, the Army held 88 such events, which benefitted 78,543 indigenous persons. read more
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 56-year-old man was killed in a motel fire in North Amityville early Sunday morning.Suffolk County police officers and firefighters responded to a 911 call reporting a fire at Sayonara Motel on Broadway at 5:35 a.m., police said.Kevin Furey, who was residing in a room on the second floor, was overcome by the fire, police said.He was taken to St. Joseph Hospital in Bethpage, where he was pronounced dead.Firefighters extinguished the flames shortly later.Homicide Squad and Arson Squad detectives are continuing the investigation into the cause of the fire, which authorities said does not appear to be criminal in nature.