Category Archives: Consumer Protection

Federal Consumer Protection Agency Cracks Down on Debt Settlement Scam

In its first-ever criminal referral, the new Consumer Financial Protection Bureau, the federal consumer watchdog agency mandated by Dodd-Frank, has referred a case for criminal prosecution against a debt settlement company, Mission Settlement Agency. The indictment was filed in the U.S. District Court in Manhattan, charging that the debt settlement company’s manager and three employees […]

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The Ugly Truth About Debt Settlement Companies and Why Bankruptcy Is Often a Better Option

The National Association of Consumer Bankruptcy Attorneys (NACBA) recently published a consumer alert report entitled “The Debt Settlement Trap: The #1 Threat Facing Deeply Indebted Americans,” which detailed the stories of debt strapped consumers who have fallen prey to the numerous scams peddled by so-called debt settlement companies. You’ve probably heard their claims on TV […]

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The Bankruptcy Automatic Stay Stops Bully Collectors in Their Tracks

Whether you have even considered filing Chapter 13 or Chapter 7 bankruptcy yet, if you have ever been more than 90 days late paying a credit card, then you may have already suffered the indignity of an aggressive bill collector’s call. If you haven’t yet, but you can’t make all your credit card payments, you’ll […]

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Move Your Money Out of the Big Banks

Would you continue to patronize a restaurant that offered shoddy service and food that made you sick? Or a plumber who always arrived late, charged twice what he quoted you over the phone and kicked your dog as he left your house? Would you send your kids to a preschool where the teachers gave special […]

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