Atty. John T. Snow

According to the order, both housing foreclosures and evictions would be delayed until at least March 31, 2021.

Biden Issues Executive Order on Foreclosures; HUD Updates DACA Regulations On the first day of his administration, President Joe Biden issued a slate of executive orders...

JD Supra: When Do CARES Act Forbearance Rights and Foreclosure Moratoriums End? The March 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contains a number of provisions that help borrowers with federally backed mortgage loans. Among these are...

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35% of Americans could lose their home in next two months, Census report says U.S. Census Bureau data suggest that over 35 percent of American adults are "living in households not current on rent or mortgage where eviction or foreclosure in the next two months is either very likely or somewhat likely."

Average Student Loan Debt by Age

Here’s the average student loan debt by age Consumers age 62 and older have the lightest student loan burden, followed by those age 24 and younger. Here are the average student loan balances per borrower by age.

No One Wants Your Used Clothes Anymore
Fashion trends are accelerating, new clothes are becoming as cheap as used ones, and poor countries are turning their backs on the secondhand trade.

No One Wants Your Used Clothes Anymore A once-virtuous cycle is breaking down. What now?

While the pandemic has financially been harder on working-class families than the wealthy ones who have been stockpiling much of the cash, data shows that they too have more money in the bank now. That’s important because they are much more likely to spend that money – and give the economy an added jolt – than the rich are.

The American consumer is flush with cash after paying down debt Bloomberg News

Why even open up this door for the collections agencies?

Your Debt Collector Wants to Friend You on Facebook | PaymentsJournal If you owe money, it just got harder to hide from the debt collectors. The Consumer Financial Protections Bureau (CPFB) has recently ruled that debt collections agencies can now use social media outlet like Facebook and Twitter to try to recover outstanding debt. Further, email and text dunning noti...

Average millennial has $27,251 in non-mortgage consumer debt. Here's how they compare to other generations.

The average millennial has $27,251 in non-mortgage consumer debt—here's how they compare to other generations Millennials are the generation with the fastest growing debt. Here's a look at what the average millennial is borrowing.

How much debt do you have? The average is a shocking $90,460!

The average American has $90,460 in debt—here's how much debt Americans have at every age Gen X has the most debt, but millennials are catching up. CNBC Select reviews the average amount of total debt Americans have at every age so you can see how you compare.

A review of more than 8,000 eviction cases by the Center for Public Integrity found that almost 2/3 of the tenants lived in areas with above average minority representation with a median household income below $42,000. The thousands of evictions filed spanned late March to early July, primarily in Florida and Georgia. The eviction moratorium from Centers for Disease Control and Prevention (CDC) is due to expire Dec. 31.

Eviction crisis sparked by pandemic disproportionately hits minorities The eviction crisis exacerbated by the pandemic is hitting minorities much harder than other Americans.

“All of us in the field are expecting bankruptcies to spike up dramatically, probably later this year and even more so into the New Year as the longer-lasting effects of the pandemic hit people in the wallet,”
The challenge is unemployment. People do not want to file, but there are often no options.

Is Consumer Credit Bankruptcy the Next “Hot Thing” in Credit? | The article, titled “After the Covid-19 Deluge, A Bankruptcy Tidal Wave?”, suggests that lawyers are now ramping up for consumer bankruptcies