Debt Relief Industry

This Could Shake Up the Debt Relief Industry

by

Today, the Consumer Financial Protection Bureau (CFPB) proposed requiring certain nonbank financial firms to register with the CFPB when they become subject to certain local, state, or federal consumer financial protection agency or court orders. Before someone says this does not apply to the debt relief industry, read 12 U.S.C. 5481(15)(viii)(II). If you read the …

Read more

Debt Validation: The Magic Fix That Isn’t

by

Some companies love to sell debt validation as a miracle solution—but is it really? In this episode, Damon Day and I pull back the curtain on what debt validation actually is, what it doesn’t do, and why some sales pitches make it sound way better than it really is. If you’re considering debt validation to …

Read more