News and Updates

The CFPB is currently suing Navient, the country's largest student loan servicer for creating obstacles to repayment by providing bad information to borrowers.

Bad Loan Officers Sued for Misleading Borrowers

Lakisha Johnson, a single mother living in a shelter after losing her West Philadelphia home. Johnson planned to pull the family out of this current financial struggle with her tax refund from the IRS. Instead, the IRS kept the $8220 refund as


Which States Are Giving Back the Most in Unclaimed Money

Recently, Deb Goldberg, the Massachusetts state treasurer, was quoted as saying, “To the New Kids on the Block, you got it, unclaimed property that is. We have the right stuff to get you what’s rightfully yours. Call our office and begin the

Class Action Lawsuits, although the subject of many robo-call complaints, allows consumers to team up against corporations and pays out damages more often than not. Photo by sirtravelalot

Are Class Action Lawsuits Going Away

Allen David’s cell phone number is inundated with robo-calls. He doesn’t know why; he uses his phone exclusively for business (and the occasional text message from his grown children) but he answers its ring up to 20 times a day, only to hear a “Please

The Consumer Financial Protection Bureau, pushed into action by mounting complaints from victims, has taken measures to protect consumers from credit repair schemes.

Government Cracking Down on Credit Repair Schemes

The office of the Consumer Financial Protection Bureau (CFPB) has been forced into action because many consumers put themselves in situations that make them susceptible to credit repair schemes. In response, CFPB periodically names a few of the most blatant offenders. It’s

Seniors have become a leading consumer of high interest emergency funding loans. Many are unaware that the law requires lenders to offer price comparisons online.

Online Lenders, By Law, Required to Show Price Comparisons

Katherine E. Adkins of Mayfield, Northampton represents what regulators are targeting for predatory lending.  Adkins was arrested for offering illegal payday loans secured by the borrower’s future payroll. After paying a fee, borrowers attempted to deposit checks from Adkins. Banks would not

Since the 1970s San Francisco has been a competitive market for timeshares but ultimately turned upside down resulting in a glut of supply. The market may be reversing thanks to new buyers entering the market.

Timeshare Owners Look Forward to Demand Surge

Gary Newton of San Francisco isn’t the only one with a bad taste in his mouth from timeshare ownership. He, along with many other timeshare owners, have been looking for ways to get rid of their unwanted timeshares but are struggling to

Research doctors find that vast majority of patients are missing out on health care options because they don't understand their insurance quotes. A handful of free sources offer simplified health insurance quotes.

Doctors Urge Patients, Read Your Health Insurance Quote

A survey showed that just 14 percent of insured people understood deductibles, copayments and coinsurance, explain George Loewenstein, PhD, and Saurabh Bhargava, PhD, both economics professors at Carnegie Mellon University. This is unfortunate because understanding the four parts of a health insurance