Consumer Debt Articles
Aaron Klein, writing for Brookings Mountain West, reported recently that public flagship universities admit more out-of-state students now than they did twenty years ago. Klein’s research revealed that the share of out-of-state students at the states’ premier universities went up an…
Time for the initial side hustle update on the Walmart retail arbitrage experiment we are running over on PennyStupid.com. The idea was to help you find the best side hustles you can start for little to no money and earn…
Listen to the Podcast You can subscribe to my podcast on any of these sites below. Transcript In the shortcast today, I wanted to give you some inside knowledge of the current state of housing and mortgages in the…
Getting out of debt is about either reducing expenses or increasing income, so Damon and I decided to start a new site all about side jobs from home to help make money. The PennyStupid website gives you the scoop and…
Years ago, I traveled through central Uganda in a Land Rover, accompanied by a native guide. We came around a curve in the road and surprised a large troop of baboons. All the baboons ran away. Large and small, the…
The Federal Trade Commission and the California Department of Financial Protection and Innovation (DFPI)Â are taking action against various companies doing business as Home Matters USA, Academy Home Services, Atlantic Pacific Service Group, and Golden Home Services America, and the owners…
Debt Relief Industry
The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The Report shows an increase in total household debt in the second quarter of 2022, increasing by $312 billion (2%) to $16.15…
It has been a while since I’ve written about the power of Connecticut when it comes to challenging debt relief companies. Two California companies have learned that painful lesson. Optima Advocates and Optima Student Loan Services were recently issued a…
The CFPB has issued an opinion to make it clear using information from credit reports to market debt relief services is off-limits. A. Background Consumer reporting agencies collect and assemble or evaluate information about, among other things, the credit, criminal,…
The Federal Trade Commission sued Financial Education Services and others for selling credit repair and an alleged pyramid scheme business opportunity. Watching the court record, Financial Education Services is pushing back hard. However, the FTC just filed a document that…
I get many emails from people inside companies that have information to share. Few of them make the website, but I thought maybe I should start sharing them but that the company names out. So here is a new one.…
Today, the Consumer Financial Protection Bureau (CFPB) finalized an enforcement action against debt-relief payment-processors RAM Payment and Account Management Systems (AMS), as well as AMS’s co-founders, Gregory Winters and Stephen Chaya, for collecting debt-relief fees from consumers, lying to consumers…