Musings on the U.S. Bankruptcy System and its Impact on Consumers
Unlike federal student loans, private student loans have a statute of limitation. Some student lenders attempt to extend the statute of limitation to as long as 20 years by inserting language in student loan contract claiming it is one being executed under seal. A contract under seal is an arcane concept derived from colonial times …
With whimpy penalties, banks and creditors are still utilizing aggressive debt collection procedures in an attempt to scare payments out of their customer’s wallets.
Payday or fast cash-advance lenders often charge loan-shark interest rates and government provides little consumer protections for our most vulnerable citizens.
Just when you thought the waters of big banking were safe to venture into once more, big banks are desperately chomping after consumer dollars with new fees and charges on consumer accounts. After the impact of the CARD Act implemented in three phases over 18 months, consumers saw some relief from excessive overdraft charges, credit card …
Round three of CARD Act banking changes scheduled to go into effect August 22, 2010.