credit

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News

Trump administration moves to overrule state laws protecting credit reports from medical debt

NEW YORK (AP) — The Trump administration is moving to overrule any state laws that may protect consumers’ credit reports from medical debt and other debt issues. The Consumer Financial Protection Bureau has drafted what’s known as an interpretative rule related to the Fair Credit Reporting Act, interpreting the law in a way that says the FCRA should preempt any state laws or regulations when it comes to how debt should be reported to the credit bureaus like Experian, Equifax and Trans […]

todayOctober 28, 2025 1

News

Who really deserves credit for the Gaza ceasefire deal?

WASHINGTON (AP) — President Joe Biden and President-elect Donald Trump are both claiming credit for Israel and Hamas agreeing to a ceasefire deal in Gaza on Wednesday after the White House brought Trump’s Middle East envoy into negotiations that have dragged on for months. Trump wasted no time in asserting he was the moving force behind the deal. Biden, meanwhile, stressed that the deal was reached under “the precise contours” of a plan that he set out in late May. “This EPIC ceasefire agreement […]

todayJanuary 18, 2025 2

News

VP Harris announces rule eliminating medical debt from credit reports; highlights Black couple’s inspirational story

Vice President Kamala Harris on Tuesday announced a ruling from a federal consumer agency that will remove medical debt from credit reports for millions of Americans.  Building on previous efforts to address the rising cost of living for Americans and following President Joe Biden’s pledge to address the impact of healthcare debt, Harris, on behalf of the Biden-Harris administration, announced the final rule by the Consumer Financial Protection Bureau.  “No one should be denied economic opportunity because they got sick […]

todayJanuary 7, 2025

Economy

Meet the Founder Behind Maryland’s First Pre-Approved Black-Owned 5-County Federal Credit Union

Meet Troy Smith, the Founder and CEO of G1 Investment LLC and the United States Economic Rights Coalition (USERC), who is working with seven other African Americans to launch the proposed C3 Federal Credit Union, which will be Maryland's first-ever Black-owned 5-county Federal Credit Union. His group began meeting in March of last year to develop an FCU to serve their communities’ underrepresented African American and Hispanic residents.Troy and his team are working hard to raise $10 million in donated […]

todayMarch 1, 2024 1

News

Biden takes credit for Black small business boom in America

President Joe Biden is taking credit for what the Biden-Harris administration says has been a boom for Black-owned small businesses, which have seen the fastest-growing pace in over 30 years. “I’m here to celebrate the progress we’re making support Black small businesses here and around the country,” Biden said on Wednesday during his trip to Milwaukee, Wisconsin, to highlight the administration’s billions of dollars of investments in Black entrepreneurship. The president added, “When Black small businesses grow…the community benefits, everyone […]

todayDecember 21, 2023 2