Student loans will be the next huge financial crisis. There are problems both with the borrowers and the lenders. The borrowers do not understand the cost to repay the loan. The lenders, many are schools, profit from misleading the naive borrowers.
Announcement from the Consumer Financial Protection Bureau: WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is launching a public inquiry into student loan servicing practices that can make paying back loans a stressful or harmful process for borrowers. Related Post Credit Card Fees Face New Scrutiny Debt Collection Surveys to be Mailed to […]
On March 10, 2015 the White House announced that President Obama would sign a Presidential Memorandum directing the Department of Education and other federal agencies to work across the federal government to do more to help student loan borrowers afford their monthly loan payments Related Post Student Loan Load Kills Entrepreneurism Fed. Student Loans Able […]
Many people ask whether or not a student loan company or SBA creditor can garnish their wages without first obtaining a court order. The answer is “yes”. Related Post What To Do If Your Wages Are Being Garnished
Related Post The Mess Caused by Document Preparers
Related Post 47% of Home Buyers Do Not Compare Mortgage Rates Flagstar Bank to Pay Homeowners 27.5 Million For I… CFPB Proposed changes to our Mortgage Servicing Ru… CFPB Launches Massive Lawsuit – Debt Collect… CFPB vs Morgan Drexen – fraudulent debt R… Scam Arrest Warrants: Normally You Cannot Be Arres…
Related Post Millions could get boost in credit score this summ… CFPB Proposed changes to our Mortgage Servicing Ru… Will Countrywide CFO be Sued by Dept of Justice? Bank of America Penalized $45 M for Wrongful Forec… Bankruptcy & Consumer Issues HELOC – Can the Lender Foreclose in Arizona?
Related Post CFPB vs Morgan Drexen – fraudulent debt R… CFPB Issues Guidance on Housing Counselor Require… Debt Collectors Could Face New Rules CFPB Proposed changes to our Mortgage Servicing Ru… 47% of Home Buyers Do Not Compare Mortgage Rates CFPB Launches Massive Lawsuit – Debt Collect…