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.

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 […]

Deceptive Marketing – Lexington Law

Lexington Law and CreditRepair.com 5/2/19 – The Consumer Financial Protection Bureau (Bureau) filed a complaint for deceptive and abusive telemarketing acts or practices against PGX Holdings Inc. and subsidiaries Progrexion Marketing Inc., Progrexion Teleservices Inc., eFolks LLC, and CreditRepair.com Inc.; and against John C. Heath, Attorney at Law PLLC, which does business as Lexington Law.

Fake Credit Repair Scheme – FTC Cracking Down

June 21, 2019 – At the Federal Trade Commission’s request, a federal court has temporarily halted and frozen the assets of Grand Teton Professionals, an alleged credit repair scheme that charged illegal upfront fees and falsely claimed to repair consumers’ credit.

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.