FTC Cracks Down on Student Loan Debt Relief Schemes

Students

FTC Cracks Down on Student Loan Debt Relief Schemes

FTC Cracks Down on Student Loan Debt Relief Schemes

Some student loan borrowers having trouble repaying their loans are getting desperate, causing them to look for help in the wrong places. Federal regulators announced another crackdown this week on firms that charge illegal up-front fees, and ongoing monthly fees, selling debt relief services to these borrowers that are generally available for free. Three cases announced... Read More

8 Tips to Stop Annoying Robocalls

Personal Finance

8 Tips to Stop Annoying Robocalls

8 Tips to Stop Annoying Robocalls

Automated calls are becoming more frequent and more infuriating. Weren’t they supposed to have been banned? Yes, but that hasn’t happened in practice. According to the Better Business Bureau, the federal Telemarketing Sales Rule prohibits recorded sales messages unless you have given written permission for the caller to contact you, regardless of whether or not your number is on... Read More

How to Spot a Bogus Diet Plan

Personal Finance

How to Spot a Bogus Diet Plan

How to Spot a Bogus Diet Plan

It’s the time of year when people look at their bank accounts — and their scales — and resolve to do a bit better next year. There’s more than a coincidental connection between eating healthy and saving money. Researchers have found that, at least in some cases, the same part of the brain that promotes good choices... Read More

‘Delayed, Harassed & Threatened’: Feds Fine Mortgage Servicer $63M

Managing Debt

‘Delayed, Harassed & Threatened’: Feds Fine Mortgage Servicer $63M

‘Delayed, Harassed & Threatened’: Feds Fine Mortgage Servicer $63M

Nationwide mortgage servicing company Green Tree will pay $63 million to settle allegations that it mistreated mortgage holders, federal authorities revealed this week. According to a statement on the Consumer Financial Protection Bureau’s website, “The mortgage servicer failed to honor modifications for loans transferred from other servicers, demanded payments before providing loss mitigation options, delayed... Read More

What Happens to a Debt Collector That Gets Shut Down

Managing Debt

What Happens to a Debt Collector That Gets Shut Down

What Happens to a Debt Collector That Gets Shut Down

Travell Thomas is desperately trying to save his business, or at least part of it. His debt collection firm, Four Star Resolution, was raided during the morning on Feb. 11, as a result of a lawsuit filed by the Federal Trade Commission. Employees were told to leave immediately. A temporary restraining order now prevents Thomas... Read More

Florida: The #1 State for Identity Theft

Identity Theft

Florida: The #1 State for Identity Theft

Florida: The #1 State for Identity Theft

Consumers filed nearly 2.6 million complaints with the Federal Trade Commission and other consumer groups in 2014, and identity theft was the most common kind, making up 13% of complaints, according to the annual Consumer Sentinel Network report. Identity theft is a national issue — the 332,646 identity theft complaints made 2014 the year with... Read More

12.6 Million Reasons Why Identity Theft Matters

Identity Theft

12.6 Million Reasons Why Identity Theft Matters

12.6 Million Reasons Why Identity Theft Matters

If you still believe identity theft is a marketing gimmick, it’s time to take a look at the Federal Trade Commission report released this week. Identity theft is once again the top complaint in America, as it has been for 13 years. Identity theft complaints surged by 32 percent in 2012 to nearly 370,000, and... Read More

This Week in Credit News: Identity Theft Galore

Identity Theft

This Week in Credit News: Identity Theft Galore

This Week in Credit News: Identity Theft Galore

The biggest news this week is all about identity theft, after the Federal Trade Commission released a report stating that more Americans have reported being victims than ever before. Identity Theft Among Top Complaints Fielded by the FTC The FTC’s annual report examining the consumer complaints it has received showed that identity theft is on... Read More

Identity Theft Among Top Complaints Fielded by FTC

Identity Theft

Identity Theft Among Top Complaints Fielded by FTC

Identity Theft Among Top Complaints Fielded by FTC

Instances of identity theft have been on the rise nationwide for some time now, and climbed to an all-time record high in terms of the number of incidents reported to one federal agency last year. There were a total of 369,132 cases of identity theft reported to the Federal Trade Commission last year, up from... Read More

This Week in Credit News: The Truth About Report Errors

Credit Score

This Week in Credit News: The Truth About Report Errors

This Week in Credit News: The Truth About Report Errors

The biggest news this week revolved around a piece on “60 Minutes” about a Federal Trade Commission report on the accuracy of credit reports. Are Mistakes Ruining Your Credit Report? Credit.com’s Director of Consumer Education Gerri Detweiler took a look at the FTC report, which found that one in five consumers have errors on their... Read More

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