From How to Get Out of Debt

Consumers Union and a bunch of other groups have submitted a letter to the CFPB to ask that consumers have easy access to complaints filed against companies. @GetOutOfDebtGuy Washington D.C.- A coalition of consumer, civil rights, good government, and community groups have called on the new federal financial watchdog, the Consumer Financial Protection Bureau (CFPB), [...]

Read the full article at GetOutOfDebt.org, click here: Consumer Groups Call on CFPB to Provide Easy Access to Complaints Filed Against Companies

From How to Get Out of Debt

This letter was sent in by a loyal tipster, thank you. @GetOutOfDebtGuy Oppose the House Offer on H.R. 4173 to Exempt Attorneys Engaged in Unfair, Deceptive or Abusive Consumer Financial Practices June 22, 2010 House-Senate Conferees, H.R. 4173 Washington, DC 20510 Dear Senator or Representative: Americans for Financial Reform and the undersigned organizations – including [...]

Read the full article at GetOutOfDebt.org, click here: Consumer Groups Make the Case to Not Exempt Debt Settlement Attorney Model From Regulation

From How to Get Out of Debt

There were some recent interesting meetings over at the Federal Trade Commission. These involved the proposed telemarketing sales rules the Federal Trade Commission is going to put forward. The first meeting was with representatives of The Association of Settlement Companies (TASC) and the United States Bankruptcy Alternatives (USOBA) in attendance. At the June 3, 2010 [...]

Read the full article at GetOutOfDebt.org, click here: The Latest Delivery of TASC and USOBA Debt Settlement Horseshit to the FTC.

From How to Get Out of Debt

Congratulations! You’ve made it through the starving student years and now you’re ready to start a job and earn some real money. You’re probably thinking about all the things you’ll be able to buy, places you’ll go and things you’ll be able to do when those paychecks start rolling in. Not so fast. If you’re [...]

Read the full article at GetOutOfDebt.org, click here: How to Be Financially Successful When You Graduate

From How to Get Out of Debt

Interesting messages floating around about the Debt Settlement Consumer Protection Act of 2010. At least one debt settlement trade group is trying to vilify the creators of this legislation by saying the bill was secretly drafted by New York based liberal activists. But the major drivers of this bill appear to be primarily D.C. based [...]

Read the full article at GetOutOfDebt.org, click here: Debt Settlement Trade Group Blaming New York Activists for Debt Settlement Legislation But Banks Were In On It As Well

From How to Get Out of Debt

Business noticing increase in credit card purchases Bay News 9, FL - 1 hour ago Americans now owe an estimated $850 billion in credit card debt , which is four times as much as in 1990. Consumers aren't the only ones affected by the ...

Read the full article at GetOutOfDebt.org, click here: Business Noticing Increase in Credit Card Purchases. Not a Good Sign.

From How to Get Out of Debt

Credit card lenders include Discover Financial Services LLC, Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Capital One Financial Corp., American Express Co. and HSBC Holdings have finally come together with the help of the National Foundation for Credit Counseling, Consumer Federation of America and the Financial Service Roundtable to start the process [...]

Read the full article at GetOutOfDebt.org, click here: Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out.