• Predatory auto lenders have long preyed on low-income consumers falsifying the borrower’s income information without any regard to the borrower’s ability to pay the loan. The other day a caller said "I used a document [...]

  • Forgive Us Our Debts as We Forgive Our Debtors: Bankruptcy and the Bible Root of all Evil: Credit has Taken the Place of Money Dalton Camp proclaimed many years ago that, "having lost its value, [...]

  • The Consumer Financial Protection Bureau wants to hear from you to learn about your experiences with the debt collection industry. The other day a caller said "I used a document preparer or bankruptcy petition preparer. [...]

  • Published On: November 29, 2013

    Cash America International, Inc., one of the largest payday lenders in the country, to pay $19 Million.. The company agreed to reimburse up to $14 million related to debt collection lawsuits and $5 million penalty [...]

  • 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 22, 2013

    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 [...]

  • 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 [...]