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CFPB Says Citibank Really Screwed Over Consumers With Debt Protection

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The Consumer Financial Protection Bureau (CFPB) has ordered Citibank, N.A. and its subsidiaries to provide an estimated $700 million in relief to eligible consumers harmed by illegal practices related to credit card add-on products and services. Roughly 7 million consumer accounts were affected by Citibank’s deceptive marketing, billing, and administration of debt protection and credit monitoring add-on products. A Citibank ... Read More »

    10 Ways to Cut the Cost of Self Storage

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    Americans buy – and keep – a lot of stuff. That’s made self-storage a $24 billion industry, according to its major trade group, the Self Storage Association. According to the SSA, 84 percent of all U.S. counties have at least one self-storage facility. It’s been one of the fastest-growing sectors of the commercial real-estate industry for the past 35 years, ... Read More »

      CFPB Says if Morgan Drexen Owes You Money You Are Potentially SOL


      The Consumer Financial Protection Bureau has finally taken down the old Morgan Drexen website and put up a message of their own. See for the latest version of the CFPB informational message. But yesterday on the CFPB website they put up advice and information for consumers who were harmed in the Morgan Drexen / Walter Ledda debacle. The most ... Read More »

        Reader Expresses Concern About My Enrollment Ctr and Colonial Law Group

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        I received the following email from a reader via the tipster (send in your tips here) line. As I normally do, I looked into the concerns to see if the concerns held water. I’ve also reached out to the companies named in the reader email and asked for contact information so I can get their responses to the concerns of ... Read More »

          E Entertainment Television And Miranda Lambert Get Scammed to Sell Garcina Cambogia Slim

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          The following fake E Entertainment Television page caught my eye as it crossed my browser. The average person is going to be fooled by this scam advertisement. You see, it’s a fake E News site. The site this add appears on is Sounds legit but the site was registered on May 5, 2015 and the ownership of the domain ... Read More »

            Mother Wins Bankruptcy Discharge of National Collegiate Student Loan Trust Student Loans

            The decision to file bankruptcy should be a celebration.

            A Los Angeles bankruptcy judge ordered student loans to be discharged on July 6, 2015 because they did not qualify as education loans under 11 U.S.C. 523(a)(8). Judge Neiter, United States Bankruptcy Judge in the Los Angeles Division of the Central District of California, presided over the adversary proceeding case no. 2:14-ap-01722-RN, Schwartz v. National Collegiate Student Loan Trust and ... Read More »

              Chase Bank in Deep Shit Over Bad Debt Collection Practices


              Over half a million consumers just caught a break with help from the Consumer Financial Protection Bureau. It appears the CFPB has taken tough action against a major bank for basically screwing over consumers who were being forced to pay debt they rightfully should not have had to. The CFPB Says… Today the Consumer Financial Protection Bureau and Attorneys General ... Read More »

                Dubious Student Loan Assistance Offer From a Church?

                Unless you are on fire, taking a day or two before you take action isn't going to change anything.

                A tipster (send in your tips here) just sent me the following email they received today offering student loan assistance. On first glance it seems like just a run of the mill offer for help. Maybe one people might bite on. But why is this allegedly being sent out by the HRock School of Supernatural Ministry in Pasadena, California? I ... Read More »

                  New Crestmont Funding Credit Counseling Debt Consolidation Mailer Reviewed

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                  An amazing reader Shawn sent in another new debt relief mailer through my I Buy Junk Mail program. Shaw sent in another mailer received from Crestmont Funding. This one is different than the one I reviewed in this article. That other article has more information on Crestmont Funding than this one does. The new debt consolidation loan mailer is signed ... Read More »

                    Department of Education Reaches Decision About Student Loans and Bankruptcy


                    The Department of Education has just released guidance on how it will handle bankruptcy discharge requests for government backed student loan debt. And while the guidance is helpful, it’s also a bit disingenuous that it places the burden on students who believed what schools and colleges sold them as a smart financial move. The guidance wants to provide a balance ... Read More »

                      Donald Trump Praises Beneficial Power of Bankruptcy. Makes Case for Consumers.

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                      In case you might have been misled about the benefits of filing bankruptcy when you run into money troubles, it seems Donald Trump has become the spokesperson of why filing bankruptcy is a smart thing to do. Trump has come out claiming he has never personally filed bankruptcy. And that is absolutely true. But in his defense he has made ... Read More »

                        More Payday Loan Fraud Stomped On by FTC


                        The operators of a payday lending scheme that allegedly bilked millions of dollars from consumers by trapping them into loans they never authorized will be banned from the consumer lending business under settlements with the Federal Trade Commission. The settlements stem from charges the FTC filed last year alleging that Timothy A. Coppinger, Frampton T. Rowland III, and their companies ... Read More »

                          Serial Debt Relief Scammers Back at it Again in Florida


                          The Federal Trade Commission (FTC) has had to invest loads of money again to police the debt relief industry to go after more false promises and schemes to sell people worthless services. Every time something like this happens and the debt relief industry doesn’t police itself, it only hurts all the good companies out there who want to play by ... Read More »

                            Worthless Illegal Robocalls Pitching Credit Card Interest Rate Reductions – STOPPED


                            Another Action Targeting Robocalls from “Card Member Services” At the request of the Federal Trade Commission and the Florida Attorney General, a federal district court has temporarily halted an Orlando-based operation that has been bombarding consumers since 2011 with massive robocall campaigns designed to trick them into paying up-front for worthless credit card interest rate reduction programs.  The court order ... Read More »

                              Here is Exactly Why People Who File Bankruptcy Are Smart


                              I seem to spend a lot of time educating people that most everything they know about bankruptcy is just plain wrong. In fact a friend of mine just told me they were going to file bankruptcy and my answer was, “congratulations.” You see, even studies by the Federal Reserve Bank of New York have come to the same conclusion I ... Read More »

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