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Consumer Debt Articles

HomeAdvisor and Angi to Pay Up To $7.2 Million and Stop Deceptively Marketing its Leads for Home Improvement Projects

Steve RhodeJan 23, 20234 min read
HomeAdvisor and Angi to Pay Up To $7.2 Million and Stop Deceptively Marketing its Leads for Home Improvement Projects

The Federal Trade Commission today issued a proposed order requiring Denver-based HomeAdvisor, Inc. – a company affiliated with Angi, formerly known as “Angie’s List” – to pay up to $7.2 million for using a wide range of deceptive and misleading tactics in…

FTC Order Requires LasikPlus to Pay for its Bait-and-Switch Eye Surgery Ads

Steve RhodeJan 20, 20233 min read
FTC Order Requires LasikPlus to Pay for its Bait-and-Switch Eye Surgery Ads

The Federal Trade Commission today issued an order requiring Ohio-based LCA-Vision, doing business as LasikPlus and Joffe MediCenter, to pay $1.25 million for using deceptive bait-and-switch advertising to trick consumers into believing they could have their vision corrected for less…

DOE wants to modernize the student loan program but mucks up the planning process

Richard FosseyJan 20, 20232 min read
DOE wants to modernize the student loan program but mucks up the planning process

Like a repentant boozer who promises to give up drinking, the Department of Education pledged to modernize its neanderthal student loan program. Unfortunately, like a chronic drunk, DOE simply can’t clean up its act. DOE’s own Inspector General audited the Department’s…

Sound Advice to Help Struggling Families Thrive Throughout a Recession

Steve RhodeJan 18, 20235 min read
Sound Advice to Help Struggling Families Thrive Throughout a Recession

Signs of an impending financial downturn can strike fear in struggling families. Determine to get ahead by using the prospect of tough times to motivate yourself to turn your finances around and create generational wealth. Here’s some advice from the…

WealthPress Nailed for Deciving Consumers With Investment Advice

Steve RhodeJan 13, 20234 min read
WealthPress Nailed for Deciving Consumers With Investment Advice

As a result of a Federal Trade Commission lawsuit, investment advice company WealthPress has agreed to a proposed court order that would require it to refund more than $1.2 million to consumers and pay a $500,000 civil penalty for deceiving…

Department of Ed Proposes Cutting Income-Driven Payments in Half

Steve RhodeJan 12, 20234 min read
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Today, the U.S. Department of Education (Department) proposed regulations to reduce the cost of federal student loan payments, especially for low and middle-income borrowers. The regulations fulfill the commitment President Biden laid out in August when he announced his Administration’s plan…

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