Vets and military families more at risk for debt collection and mortgage issues
April 7, 2016
Debt collection continues to dominate CFPB complaints
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Charlene Crowell
FDIC Deserves Applause, Not Criticism: Federal regulator worked to keep tax refunds away from high-cost loans
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Just as consumers wait a full year in hopes of receiving a refund, high-cost and high profit lenders are just as anxious to take substantial amounts from consumers’ hard-earned dollars.
State Attorneys General, FTC Challenge For-Profit Colleges on Jobs and Earnings
March 24, 2016
Veterans and consumers of color often targeted for fraud
Abusive Debt Collectors Target Black Consumers
December 18, 2015
An old adage teaches that one man’s pain is another’s gain. That adage is a truism when it comes to the debt collection industry.
According to the Federal Trade Commission (FTC), debt buyers pay just 3.1 percent on the dollar for defaulted debts. Additionally, 94 percent of these debts are sold with without documentation.
So why would a business bother with buying old and potentially inaccurate credit claims? The answer is money and lots of it.