A new report shows that medical debt is the most common collections tradeline on consumer credit reports and out of every 100 Americans, between 18 and 35 people have medical debt in collections.

Organizations representing workers across various sectors raised concerns regarding increasing employer-driven debt and the rise of new surveillance technology tools.

The Connecticut Supreme Court upheld the revocation of the now-shuttered company’s mortgage license by the state Department of Banking in 2019 for failure to maintain a surety bond.

CFPB seeks input from data analysts; GOP lawmakers seek documents regarding FDIC vote on review of bank merger rules; Virginia amends consumer data protection law; Utah passes privacy law; Chopra comments on Executive Order regarding cryptocurrencies.

The CFPB has issued a detailed process for submission of rulemaking petitions by members of the public. The move is aimed at increasing transparency and curtailing lobbying by former government employees.

The change signals that the CFPB may start bringing more enforcement cases in-house, with the bureau director deciding what does and does not violate the law, according to Mayer Brown attorneys.

Without proper safeguards, the bureau warned, flawed versions of automated valuation models could “digitally redline certain neighborhoods and further embed and perpetuate historical lending disparities.”

Rocket Mortgage, the nation’s largest overall lender and the very first participant in the pilot, said the examination process was an “overwhelming” and “exhausting” experience.

The bill would impose a Community Reinvestment Act-like framework for evaluating the performance of financial institutions in meeting the needs of the communities they serve.

Both industry and consumer groups welcomed OCC’s principle-based approach to large banks’ management of climate-related financial risk. Most of the feedback focused on scenario analysis related to climate-related risks.