August

Blog Posts in August, 2015

  • First Wave of Student Loan Forgiveness Coming Soon

    Of all consumer debts, student loans have the highest rate of default and delinquency rates. As many as 43 million people make up this $1.3 trillion liability, and many of them need help repaying large balances as they begin new careers or start ...
  • A recent ruling by the U.S. Supreme Court may jeopardize consumer protection statutes like the Fair Debt Collection Practices Act. In Reed v. Town of Gilbert, Arizona, the U.S. Supreme Court struck down an ordinance that limited signs announcing ...
  • The dishonesty and profligacy of Wall Street bankers, traders, and executives has always been a problem, but it has been made most evident in recent years by the 2008 Global Financial Crisis, which is considered to be the worst financial crisis since ...
  • Credit Repair Scammers Pay Up

    We’ve all heard the saying, “where there’s smoke, there’s fire.” Just as sure as that statement was, is, and always will be, there will always be those who attempt to profit on the misfortunes of others. The credit ...
  • Not Too Shocking: HAMP Has Not Helped Many People

    The Home Affordable Modification Program was designed to help homeowners weather the foreclosure crisis and (hopefully) keep their homes. Unfortunately, bad behavior by mortgage lenders and servicers made this process kludgy and unfair. Many people ...
  • Growing up in middle class America, most people are aware of credit cards, auto loans, student loans, and other ways to obtain credit. What many Millennials learned is that the choices that they made in college have much longer-reaching effects than ...
  • Is Student Debt Financially Crippling Young Americans?

    The Federal Reserve Bank of New York revealed that, according to research, students in the United States collectively owe roughly $1.2 trillion in student loans – a $72 billion increase from last year. As the cost of higher education continues ...
  • The CFPB Is Conducting A Debt Collection Study

    According to a letter sent to debt collectors, the Consumer Financial Protection Bureau has requested that debt collectors complete a survey regarding their basic activities and the operational costs of collecting debt. The survey is designed to ...