Can an Interest Rate be Illegal Anymore?
Apparently. Debt collectors in New York agreed to a settlement of almost $300,000 for collecting on loans with interest rates that...
Is The Shutdown Slowing Mortgage Lending?
Yes. The government shutdown could derail mortgage lending and home-buying. Most mortgage lenders require the 4506-T IRS tax...
JP Morgan Chase Hit for $80 Million
J.P. Morgan Chase is nearing a settlement with federal consumer regulators investigating the bank for violations in debt...
Making Only the Minimum Payment? Danger, Will Robinson!
Making only the minimum payments on credit card debt is a high interest trap. When consumers are having financial problems, many...
Will Government Shutdown Drive Furloughed Workers to Payday Lenders?
Since the U.S. Government partially shut down, an estimated 800,000 government employees had their incomes put on hold while their...
Is GE Dumping Its Credit Cards?
From the desk of Alison Cordova, lead attorney in the San Francisco office The Wall Street Journal reported that General Electric...
Do You Bank at One of the Ten Worst Banks?
The Consumer Financial Protection Bureau (CFPB) released a list of the top ten most complained about banks. Here are the 10 worst...
Is Credit Card Interest Rising While Other Rates Stay Low?
Sadly. Interest rates for mortgage loans, car loans, and pretty much everything are at all-time lows except for credit cards....
Do Debt Collectors Threaten Via Text?
Apparently. In a recent settlement with the FTC, National Attorney Service agreed to pay a $1 million civil penalty for sending...
Chase Bank Done with Joint Credit Cards?
Chase recently stopped allowing customers to open joint credit cards. Instead, customers must open an individual account and add...
Reverse Mortgages Blocked?
From the desk of San Francisco lead attorney Alison Cordova. According to the New York Times, new rules go into effect on...
Can A Medical Emergency Lead to High Credit Card Debt?
Yes. A recent post on Fox Business asks for advice on dealing with credit card debt brought on by a medical emergency. Jay's...