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Home > Author Archives: Steve Rhode (page 3)

Author Archives: Steve Rhode

School Accreditation Group in Tussle With CFPB

sworn testimony

The Consumer Financial Protection Bureau (CFPB) recently escalated a quiet action wit the Accrediting Council for Independent Colleges and Schools (ACICS). The issue raises some interesting questions about what role a school accreditation agency might play in the problem of easy access to student loan debt. Here is what public records say, “On August 25, 2015, the Consumer Financial Protection ... Read More »

    Nationwide Student Financial Aid Scam is Punched in Face


    Today, the Consumer Financial Protection Bureau (CFPB) announced it is taking action to halt a nationwide student financial aid scam that allegedly ripped off tens of thousands of students and families across the country by illegally charging millions of dollars in fees for sham financial services. The Bureau filed a complaint in federal court against the company, which operates under ... Read More »

      Is Camden Legal Group Legitimate?


      Question: Dear Steve, I was contacted by this law firm about getting my loan modified. They kept pushing me to pay them 4200 dollars and I informed them I was scammed by Real Estate Law Center in Los Angeles. I feel as if I am being preyed upon by the same people and it sounds similar to what Real Estate ... Read More »

        Reader says “Huh” About My Enrollment Center

        Many multicolor question marks above the head of young man or boy. Making decision thinking uncertainty learning concept. EPS 10 vector illustration no transparency

        A reader sent me an email and brought up a good question I don’t know the answer to. They wanted to know how a debt relief company called My Enrollment Center in Wyoming could say to people, “Professional debt consolidation companies like My Enrollment Center can really help you get your debt back under control,” and “At My Enrollment Center, ... Read More »

          Is United Credit Consultants Now

          Businessman trying to solve a maze questions

          A tipster (send in your tips here) contacted me and alleged that United Credit Consultants was now operating as Your Credit Team and So I went to check what I could find. For those that want to catchup on past stories about United Credit Consultants, click here. I recently wrote that on October 1, 2015, McGlynn Marketing, doing business ... Read More »

            Howard Law – Free Debt Report Commercial and Morgan Drexen Update

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            A reader wanted me to see the following commercial that is airing on television. I can see it aired at least five days ago on BET. The commercial goes to a website, that presents Vincent Howard as one of the nation’s top lawyers. – Source The tip about the commercial gave me a reason to go check the court ... Read More »

              RushCard Prepaid Card Funds Unavailable to Consumers

              Where does it hurt nurse question

              Today, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray issued the following statement in response to the RushCard situation, a prepaid card owned by UniRush LLC, in which many consumers have indicated that they have been unable to access funds in their accounts for more than a week: “The CFPB is taking direct action to get to the bottom of ... Read More »

                Sprint Dropped Call on Fair Credit Reporting Act Says FTC


                Mobile service provider Sprint will pay $2.95 million in civil penalties to settle Federal Trade Commission charges that the company failed to give proper notice to consumers who were placed in a program for customers with lower credit scores and charged an extra monthly fee. In its complaint, the FTC alleges that Sprint placed consumers with lower credit scores in ... Read More »

                  United Credit Consultants Signs Consent Order With State

                  McGlynn Marketing, doing business as United Credit Consultants and Debt Settlement Solutions is back in the news again. A reader alerted me to a recent enforcement action against the company so I hunted it down. My perplexation (just made that word up) started back in March, 2014 when I wrote “United Credit Consultants Says the Darndest Things.” If United Credit ... Read More »

                    Helping America Group – Consumer Review – October 22, 2015


                    Company Name: Helping America Group Describe the Service You Received: I used HAG. I have been with them since Dec. 2014. They sent letters to some of my creditors. My debts are either still pending, charged off, or turned over to collection. They had me sign paperwork for a loan in the amount of my debt. They were going to ... Read More »

                      Will Mark Tetzlaff Be Our Student Loan Hero?

                      Businessman trying to solve a maze questions

                      Mark Tetzlaff is a law school student who might not have achieved his dream of being a licensed attorney but the guy surely deserves some props for championing the cause through the courts of being impossibly in debt with student loans and seeking a legal remedy. My last story on Tetzlaff, here, talked about how his request failed to have ... Read More »

                        Bankruptcy Filers Target of Phone Scam

                        Ouch comic speech bubble image with hi-res rendered artwork that could be used for any graphic design.

                        Phone scammers are targeting bankruptcy filers in several states, using personal information from filings and posing as attorneys to get intended victims to immediately wire money to satisfy a debt. The National Association of Consumer Bankruptcy Attorneys issued a warning that “Under no circumstances would a bankruptcy attorney or staff member telephone a client and ask for a wire transfer ... Read More »

                          What You Assume But Don’t Really Know About Payday Loans

                          Market Research Business Percentage Research Marketing Strategy Concept

                          By Robert DeYoung, Ronald J. Mann, Donald P. Morgan, and MichaelR. Strain Except for the ten to twelve million people who use them every year, just about everybody hates payday loans. Their detractors include many law professors, consumer advocates, members of the clergy, journalists, policymakers, and even the President! But is all the enmity justified? We show that many elements ... Read More »

                            Another Debt Relief Mailer to Watch For

                            scam copy

                            An amazing reader, Jessica, sent in a new debt relief mailer through my I Buy Junk Mail program. These mailers promising all sorts of relief that try to appear as some sort of official notification are still going out to consumers. The mailers are problematic in my opinion because they state benefits without much information to fill people in about ... Read More »

                              Despicable Debt Relief Mailer Spoofs IRS

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                              A kind reader just sent in the following mailer which seems problematic on two fronts. The first is the use of the consumer credit reporting data to send the mailer. Others are being sued over such actions. See this article. The second big problem is the letter appears to want to spoof an official government letter to look like it ... Read More »

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