Tag Archives: National Association of Consumer Advocates

Consumer Groups Call on CFPB to Provide Easy Access to Complaints Filed Against Companies

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), [...]

Consumer Groups Make the Case to Not Exempt Debt Settlement Attorney Model From Regulation

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 [...]

There’s Big Bucks in Bad Debts

For decades, credit-card companies and other firms would eventually give up after attempting to collect from deadbeat customers. Now, companies are packaging and selling many of those overdue accounts for pennies on the dollar to debt collectors. The collectors then aggressively pursue the debtors to repay, or they turn around and resell those same debts [...]