Debt Relief Companies Prohibited From Collecting Advance Fees Under FTC Rule...
Starting October 27, consumers trying to settle their debts will be protected by a new rule that prohibits companies that sell debt relief services over the telephone from charging fees before settling...
View ArticleBanks Spend $82 Million to Sell Credit Cards to Students in 2009
Bank of America spends exponentially more money than any other bank to recruit students for credit cards. In 2009, Bank of America unit FIA Card Services paid colleges and alumni associations $62...
View ArticleForgiven debt such as credit card settlements can trigger a tax bill
Getting a tax bill after you’ve gone through foreclosure is like having a bucket of ice water poured over your head after someone has made off with your pants. You’ve lost your home and probably don’t...
View ArticleCredit Card Rules Amended by Fed to Avoid Issuance to People Who Cannot Pay
The Federal Reserve approved a rule that would require credit card issuers to consider consumers’ individual incomes before extending credit, Bloomberg News reported on Friday. Credit card applications...
View ArticleWill Student Loans Be the Next Bubble to Burst?
First the dot.coms popped, then mortgages. Are student loans and higher education the next bubble, the latest investment craze inflating on borrowed money and misplaced faith it can never go bad?Some...
View ArticleBig Banks Continue to Settle Charges of Defrauding Homeowners
Nowadays, newspapers regularly publish articles about big banks settling charges that they routinely “misled investors while selling billions of dollars of investments linked to home loans.” The...
View Article
