U.S. Trustee’s Office Releases Updated Bankruptcy Means Test Numbers
The U.S. Trustee’s Office, which is the governmental agency that oversees the administration of bankruptcy cases, has released the latest numbers for means test qualifications used in Chapter 7 and Chapter 13 bankruptcies. The new numbers will to be used in all consumer Chapter 7 bankruptcies filed after November 1, 2017.
New Study Finds High Debt Can Be Hazardous to Your Health
As reported in Phys.org, a new Northwestern Medicine® study, recently published in Social Science and Medicine, has found that high financial debt is associated with higher blood pressure which can put one at increased risk for hypertension and stroke.
Consumer Financial Protection Bureau Issues Its Highest Fine to Date Against Wells Fargo
CFPB fined Wells Fargo $100 Million for the illegal practice of opening unauthorized accounts for its customers. Wells Fargo incentivized its employees to sell customers on opening more deposit and credit card accounts, by offering employee bonuses for new accounts.