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CRL Says TASC and USOBA Harm Ordinary Families at the Hands of Debt Settlement Companies

Here is another letter sent to the FTC in support of banning advance fees for debt settlement programs. It is notable for it’s strong statements and its well documented footnotes. Comments of Michael Calhoun, President, of the Center for Responsible Lending to the Federal Trade Commission Notice of Proposed Rule-Making: Telemarketing Sales Rule Debt Relief … Read more

Credit Card Industry to Punish Consumers for New Credit Card Protections

There is no easy way to say this, credit card company greed makes me want to vomit. Today, credit card companies and the American Bankers Association have their britches all in a bunch because new credit card limits and protections for consumers will be voted into law within the week. The banks response, more fear … Read more