Recently in predatory lending Category

For all too long, the credit industry has had its tentacles firmly clasped upon consumers in all age brackets and income levels. Designed to lift those tentacles one by one, the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of...
While the banks sit high and mighty on their perch on the shoulders of the average American citizen, homeowners struggle to come to terms with the fact that the banks simply do not care about helping them out. Today's economy...
Harvard Law Professor and Chairman of the TARP Oversight Committee, Elizabeth Warren made another appearance on The Daily Show last night. When sharing her knowledgeable viewpoint on CEO's, banks and people in power she declared, "They get it. And they...
They say a picture says a thousand words. In this case a picture may win you a thousand dollars. Do you have an image that sums up your feelings on the big banks and the dangers of debt?  If so,...
The Center for Responsible Lending has issued a new report on credit card abuses called  "Dodging Reform: As Some Credit Card Abuses Are Outlawed, New Ones Proliferate," In their latest report they discuss how credit card companies found new ways...
It turns out that the biggest weapon we as consumers have to wield against financial predatory practices (the one that scares big banks the most) is one of my own personal heroes Harvard Law Professor and Chairman of the TARP...
There's a lot of talk lately over banking policies, rising fees and interest rates. The House Financial Services Committee is holding hearings and reviewing a number of proposed bills that involve further controlling the credit card industry.  Everything is on...
By all accounts, big banks continue to be the target of growing public outrage. They keep pitting Main Street against Wall Street and alienating the public in the process. It is easy to find current examples of this outrage...
I've written a lot about the proposed CFPA an agency whose sole mission would be to protect consumers when they take out loans or use other financial products or services. And it's no secret the financial industry strongly opposes such...
Without much fanfare the new rules governing home mortgage loans went into effect yesterday, October 1st, 15 months after the new rules were issued.  Beginning yesterday, lenders must now must evaluate a borrower's ability to repay the loan, must verify...

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A memoir exposing the steep price consumers pay when facing mortgage servicing errors, inaccurate credit reporting, illegal debt collection practices, identity theft and weak consumer protection laws. THE BOOK » DENISE'S STORY »