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Wells Fargo Rips Off Navajo Nation

Wells Fargo Caught in Illegal Actions AGAIN, this time Against Members of the Navajo Nation  “Wells Fargo’s predatory actions defrauded and harmed the Nation. We held Wells Fargo accountable for their actions and we will continue to hold other companies accountable if their business practices do not respect our people—this puts other companies on notice […]

Zombie Debt: collectors tricking consumers

Can a debt come back from the dead?  Yes, it is referred to as a ‘zombie debt’. Most states have ‘statute of limitations‘ which control the creditor’s or collection company’s rights, including whether they can sue on a debt. How is a debt revived? Collection companies will do anything in their power to revive a […]

ITT Rips Off Students – $60 Million Judgment

ITT Accused of Unfair, Deceptive and Abusive Acts or Practices The Consumer Financial Protection Bureau (Bureau) proposes settlement with ITT Educational Services, Inc. — ITT engaged in unfair and abusive practices in connection with its private loan program in violation of the Consumer Financial Protection Act of 2010. ITT Knew Students Could Not Afford and […]

Ordinary Heroes Deliver Second Chances with Bankruptcy

Reprint from CONSIDERCHAPTER13, ON JULY 28TH, 2019 By Robert (Bob) Schuman, Owner/Managing Broker, Network Financial Group I’m a mortgage broker. In that role, I see close up the immense relief that a homeowner feels when they file Chapter 13.Quick Page Index1 In that role, I see close up the immense relief that a homeowner feels […]

Senior’s with Reverse Mortgages Threatened by Ditech Plan

July 23, 2019 – According to an article in the New York Banker: Bank of America, which took heat for how it treated customers in the mortgage crisis a decade ago, has emerged as a champion of elderly borrowers in Ditech’s second trip through bankruptcy.

Equifax to Pay $575 Million++ For Data Breach of 147 Million People

Settlement Includes fund to help consumers recover from data breach Post from Federal Trade Commission: July 22, 2019 Equifax Inc. has agreed to pay at least $575 million, and potentially up to $700 million, as part of a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau (CFPB), and 50 U.S. states […]

You or a close neighbor has debt in collection

More than One in Four Consumers Have a Debt in Collection with a Debt Collector 7/18/19 The Consumer Financial Protection Bureau (CFPB) just released a report that found that more than one in four consumers with a credit report have at least one debt in collection by third-party debt collectors.

Mishandling Public Service Student Loan Forgiveness

CONSUMER FINANCIAL PROTECTION BUREAU SPOTLIGHTS BORROWER COMPLAINTS ABOUT STUDENT LOAN SERVICERS MISHANDLING PUBLIC SERVICE LOAN FORGIVENESS PROGRAM Consumer Bureau Launches “Certify Your Service” Campaign to Help Teachers, First Responders, and Other Public Servants Stay on Track June 22, 2017 – The Consumer Financial Protection Bureau (CFPB) today issued a report spotlighting complaints from borrowers about […]

Illegal Credit Repair Schemes – Prime Credit & Prime Law Experts

CFPB TAKES ACTION AGAINST CREDIT REPAIR COMPANIES FOR CHARGING ILLEGAL FEES AND MISLEADING CONSUMERS Companies and Individuals to Pay More Than $2 Million in Penalties and Relinquished Funds 6/27/17 – The Consumer Financial Protection Bureau (CFPB) filed two complaints and proposed final judgments in federal court against four California-based credit repair companies and three individuals […]

Payday lender or loan shark: Is there really a difference?

Article By Eric Heisig, cleveland.com CLEVELAND, Ohio (6/2018) — The term “loan shark” might bring to mind a scene in a movie where a gangster takes a crowbar to the kneecap of a down-on-his-luck gambler who can’t make good on repayment of a loan. The term “payday lender” might bring to mind an image of […]