Consumer Debt Articles

FTC Settlement Halts Allegedly Abusive Practices by Company Collecting Debts for More Than 500 Municipalities

Steve RhodeMar 24, 20172 min read
FTC Settlement Halts Allegedly Abusive Practices by Company Collecting Debts for More Than 500 Municipalities

An operation that collects debts owed to municipalities has agreed to stop engaging in allegedly illegal collection tactics under a settlement with the Federal Trade…

Experian Pays Fine for Lying to Consumers About Credit Scores

Steve RhodeMar 23, 20174 min read
Experian Pays Fine for Lying to Consumers About Credit Scores

The Consumer Financial Protection Bureau (CFPB) today took action against Experian and its subsidiaries for deceiving consumers about the use of credit scores it sold…

Reader Raises Concerns About Peak Legal Advocates and Veritas Legal Plan Gets Tossed Under Bus

Steve RhodeMar 23, 20177 min read
Reader Raises Concerns About Peak Legal Advocates and Veritas Legal Plan Gets Tossed Under Bus

Update March 24, 2017 – Veritas Legal Plan responds to allegations. Click here. I recently received some concerns from a reader regarding Peak Legal Advocates.…

16 Advocacy Groups Urge Congress to Not Allow Department of Education to Roll Back Protections

Steve RhodeMar 22, 20179 min read
16 Advocacy Groups Urge Congress to Not Allow Department of Education to Roll Back Protections

Today sixteen consumer advocacy groups sent the following letter to members of Congress in hopes they would intervene to not allow the Department of Education…

Trump Department of Education Operating Beyond Logic on FFEL Collection Fee Change

Steve RhodeMar 22, 20173 min read
Trump Department of Education Operating Beyond Logic on FFEL Collection Fee Change

A couple of days ago I wrote about the Trump Department of Education under Secretary Betsy DeVos who told student loan guaranty agencies with FFEL…

Former Lobbyist With For-Profit Colleges Quits Education Department

ProPublicaMar 21, 20174 min read
Former Lobbyist With For-Profit Colleges Quits Education Department

by Annie Waldman ProPublica, March 21, 2017, 10:44 a.m. A former lobbyist for an association of for-profit colleges resigned last Friday from the Department of…

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