Consumer Debt Articles
As a result of a Federal Trade Commission lawsuit, the operators of “The Credit Game,” a credit repair scheme that cost consumers millions of dollars, face a lifetime ban from the credit repair industry in proposed court orders filed today. Michael and…
Most people that write about debt and seniors want to provide accurate information. Sadly, many do not. Some articles on the internet do more harm than good. A good example is an April 4, 2022 article on the website Care.com,…
It is always important to be cautious and protect yourself from scams. While it is not necessary to constantly worry about being scammed, it is wise to be aware of the potential for scams and take steps to protect yourself.…
If you don’t think technology won’t kill your side hustle, don’t be so sure. Rideshare opportunities like Uber and Lyft have been good ways to make money for many, but that is not the future. Automated vehicles will replace human-driven vehicles, and tests are…
I recently wrote about the number of lawsuits Litigation Practice Group recently disclosed. Along comes a Litigation Practice Group contract, and I thought if I reviewed it, this might help people better understand this agreement and clear up any confusion.…
“If they gave gold statuettes for tears and regrets,” Ronnie Milsap sang in a classic country song, “I’d be a legend in my time.” Most of us have a few regrets, but no one should regret their college choice. Yet a…
Debt Relief Industry
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the August 2022 Survey of Consumer Expectations, which shows that inflation expectations continued to decline across all horizons. Expectations about year-ahead price increases for gas also continued to…
For the first time in decades, credit counseling finally has a chance to step back to the head of the pack regarding consumer debt relief options. Unless the NFCC board and creditors pull the strings to outsmart Croxon as the…
Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule laying out when digital marketing providers for financial firms must comply with federal consumer financial protection law. Digital marketers that are involved in the identification or selection of prospective…
By Andrew Haughwout, Donghoon Lee, Daniel Mangrum, Joelle Scally, and Wilbert van der Klaauw Total household debt increased by $312 billion during the second quarter of 2022, and balances are now more than $2 trillion higher than they were in…
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…