Here’s Where the 2020 Presidential Candidates Stand on Student Loans

Americans owing more student loans than ever before, college affordability and student loan debt reform have become hot-button topics among the 2020 presidential candidates. And the issue is definitely an urgent one: J.P. Morgan estimates four years at a private college could cost roughly half a million dollars in 2036 if costs continue rising at their current pace, … Read more

Congressional Committee Working Hard to BS You and Kill Your Financial Future

The U.S. House of Representatives is working hard to pull the wool over your eyes in the name protecting consumers. The Financial Services Committee boasts it is trying to serve the interests of consumers when in fact it is taking steps to make you less financially safe. You have to ask, if the committee is … Read more

Obama or Romney: Which One is Better for Debtors

With the 2012 presidential election coming up and the choice left to either sitting President Barack Obama or Republican nominee Mitt Romney, anyone concerned about their personal finances might want to look at the positions of the two candidates and factor that into their voting strategy. Over the past four years the Democrats, and President … Read more

Rampart MMW Files Chapter 11 Bankruptcy Again With Homeowners

As I mentioned in What Kind of Racket are Rampart MMW and Omni Home Solutions Playing Around With?, a company named Rampart MMW said they were going to file their third chapter 11 bankruptcy in what appears an attempt to shield homeowners from foreclosure as some cost. The last chapter 11 bankruptcy case filed by … Read more

Mortgage Broker Pleads Guilty To Extortion Conspiracy Of Homeowners

In late November it was announced that New Jersey mortgage broker, Robert Cusic Jr., admitted that he conspired with a New Jersey attorney, Thomas Frey, and others to extort victims out of money and property by falsely stating they were the subjects of criminal investigations. Cusic plead guilty to an Information charging him with conspiracy … Read more

You Are Cordially Invited To The FTC’s Road Ahead Roundtable

Today, the Federal Trade Commission will host the third in a series of roundtables around the country to gather information on consumers’ experiences in the leasing of motor vehicles at dealerships. The roundtable also will address what has been learned about auto sales, financing and leasing at all of the roundtables; what consumer and business … Read more

FTC Gives APEC Cross-Border Privacy Rules Thumbs Up For Consumer Information Protection

Yesterday, President Obama and representatives from other Asia-Pacific Economic Cooperation (APEC) economies met to discuss consumer cross-border data privacy protection at a meeting in Honolulu, Hawaii. The meeting focused on the APEC Cross-Border Privacy Rules, a new initiative to harmonize safe data sharing across country borders and enhance the protection of consumer data that moves … Read more

DOE, A Deer? Or DOE, A-Scammed!

On September 3, 2011 a civil lawsuit was filed against George Peterson, Vice President of Kennewick Industrial & Electric Supply (KIE) for allegedly consciously engaging in two schemes including a kickback and fraud scheme. These schemes resulted in a big loss to the United State Department of Energy (DOE). The allegations regarding the first scheme … Read more

Special Interest Debt Settlement Bill in California Fails But Raises Concerns

The Daily News in LA is reporting a story about sponsored bills in the California legislature which are the work of special interests regardless if it is right for consumers. The mentions one area of concern. Some critics say even those failed bills are a problem because their large numbers distract time and attention from … Read more

I’m Running for Public Office and Need to Go Bankrupt. – Dave

“Dear Steve, I have old debt under my personal name that spawned from a sole-proprietor ship years ago and I am considering going bankrupt on about $15,000.00 worth of Debt. I am also running for Public office this November and am trying to find out the ramifications of going bankrupt. Please help! Can I run … Read more

New Financial Disclosures Out. John McCain Going Further in Credit Card Debt at 25.99%. Ouch!

Last year I wrote a story about John McCain and his Chase credit card with a 25.99% interest rate. I just discovered that the latest 2008 financial disclosures are out and I went back to see if he got a better rate on his card. Not only didn’t he get a better interest rate, but … Read more

Which Presidential Candidate Is Better For Debtors? Personal Finnance Bloggers Question of The Week.

This weeks personal finance brain trust question was: Which U.S. presidential candidate will most likely do more to help debtors and/or reform current bankruptcy regulations? Feel free to elaborate. WC – A 27-year-old writer living in Chicago and writing about personal finance through The Writer’s Coin. This question seems like a veiled attempt at asking … Read more