Consumers have protections from their creditors, but consumers also have liability to their creditors. Knowing your rights and obligations is the best way to make informed decisions.

Reverse Mortgages – Why Seniors Lose Their Home

Urban African American neighborhoods are hardest hit as nearly 100,000 loans have failed. 6/2019 By Nick Penzenstadler and Jeff Kelly Lowenstein, read extensive report – article from USA TODAY Reverse mortgages – thousands of seniors, who worked their entire life to own a home, are finding their homes foreclosed for several reasons.  The problem is […]

Wells Fargo Agrees to Pay $385 Million for Fraud

6/2019 – Wells Fargo & Co. agreed to pay at least $385 million to customers who say they were signed up for auto insurance without their knowledge or consent when they took out a car loan.

Mortgage Closing Scams: How to Protect Your Money

YOUR MORTGAGE CLOSING CHECKLIST By Melissa Yu – JUN 03, 2019, Consumer Financial Protection Bureau Closing is one of the most important stages of buying a house. Learn how to prepare and what to expect so you can close with confidence. Download our Closing Checklist Closing on a new home can be one of your most memorable […]

FREEDOM MORTGAGE PAYS $1.75 MILLION

6/5/19 – The Consumer Financial Protection Bureau (Bureau) announced a settlement with Freedom Mortgage Corporation (Freedom), one of the ten largest Home Mortgage Disclosure Act (HMDA) reporters nationwide.

Our Court System

Ever wonder how our court system works?  It is rather confusing when you talk to me about bankruptcy and how that interacts with your creditor’s lawsuit and potential garnishment of your wages and bank accounts.

Seila Law, LLC Investigated for Unlawful Practices

On February 27, 2017, the Consumer Financial Protection Bureau “CFPB” issued a civil investigation demand “CID” to Seila Law, LLC seeking information about its business. to determine whether debt relief providers, lead generators, or other unnamed persons are engaging in unlawful acts or practices

Cash Tyme Agrees to Pay $100,000 – Failure to Follow the Law

The Consumer Financial Protection Bureau (Bureau) 2/5/2019 announced a settlement with Cash Tyme, a payday retail lender with outlets in Alabama, Florida, Indiana, Kentucky, Louisiana, Mississippi, and Tennessee. Cash Tyme is the operating name for CMM, LLC, and its wholly owned subsidiaries in those states.

Debt Collectors Cannot Yell, Curse or Threaten You

There are Rules Governing Debt Collectors Debtor collectors are not allowed to call you before 8 am or after 9 pm (your time zone, not the caller’s).  They cannot yell, swear, use crude language or threaten you in any way or do anything else that could be seen as harassment.  Nor can they threaten to […]

Arizona Legislature and “Strikers”

STRIKER ALERT – HB 2158: TAX SETTLEMENT; NATIVE AMERICAN VETERANS (TAX LIEN FORECLOSURES; SUBDIVISIONS; EXEMPTION) Unexpended and unencumbered monies remaining in the Veterans’ Income Tax Settlement Fund (which was established as part of the FY2016-17 budget) revert to the general fund on June 30, 2021, instead of June 30, 2019. The Department of Veterans’ Services […]

Debt Makes You Stupid

Ever wonder why you make really stupid decisions, especially when you are overwhelmed, worried or distracted? Perhaps you are focused on one task, like dealing with a difficult child or employee, and you completely miss a really important appointment or buy something you did not want.