Category: Finances

Banks, such as Wells Fargo, are offering loans, similar to payday loans, which trap the borrower into a endless cycle of paying off the same loan time after time, after time. More than $221 billion [...]

More than 600,000 federal student loan borrowers who began repaying their debts in 2010 defaulted on their loans by 2012. More than $221 billion of these loans at the largest banks will hit this mark [...]

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 [...]

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 [...]

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 [...]

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 [...]

Robert Naugles prepared his own bankruptcy so thought he would charge others for preparing their documents. Sanctioned by Bankruptcy Court. Naugles assumed "the courthouse staff would point out any errors." NOTE - the Court staff [...]

Frank Becerra Campos, 66, of San Diego, defrauds Arizona Latinos in a mortgage rescue scam. Collected at least $669,743 in up-front fees “in exchange for loan modification services they utterly failed to provide.” By [...]

Federal Reserve Report indicates The Next Financial Balloon to Burst: Student loans More than $221 billion of these loans at the largest banks will hit this mark over the next four years. Bully tactics used [...]