• Published On: November 24, 2013

    The Military Lending Act is intended to protect our military from being preyed on by unscrupulous short-term lenders. Seven years later the government is finding there are huge loopholes in the Act. Loopholes that do [...]

  • Published On: November 6, 2013

    Debt collectors face new rules under proposal from Consumer Financial Protection Bureau (By Danielle Douglas, Published: November 5) According to the Washington Post: the government is preparing restrictions on debt collectors, a loosely regulated industry [...]

  • Published On: October 2, 2013

    Credit card issuers face limits on fees and greater disclosure requirements as CFPB pledges more scrutiny after a 2009 law that revamped regulation of the business. Bully tactics used to scare or coerce buyers. October [...]

  • Published On: September 30, 2013

    An Oregon woman sued Equifax, won an $18.6 million jury award for credit-report errors that went unfixed for years. More than $221 billion of these loans at the largest banks will hit this mark over [...]

  • Con artist threaten to have you arrested or garnish your paycheck unless you pay a debt. More than $221 billion of these loans at the largest banks will hit this mark over the next four [...]

  • Published On: September 28, 2013

    Small bank mistakes result in blacklisting more than a million low-income Americans from being able to get a checking account for years. More than $221 billion of these loans at the largest banks will hit [...]

  • Published On: September 5, 2013

    Debt buying is really big business – buyers paying three cents on the dollar. Encore Financial, one of the largest credit card debt buyers, paid $562 million for $18.5 billion of debt last year, or [...]