Professor Cardworthy, the “Money Explainer” of all things financial, was resurrected by Senior Payments Analyst Robert McKinley, reprising his role first developed in 2007 as the actor in a series of 50 “Cardworthy” YouTube consumer instructional videos. The 2007 project was shelved while Mr. McKinley was in a cancer battle and later placed on hold…
Free tax filings were not widely known among low-to-medium income taxpayers as some commercial tax preparation services did their level best to hide them until the IRS got pissed. Trump’s trade war has made every American a loser to some degree, small to big, but nonetheless, losers. Despite demand for housing and low rate mortgages,…
Nearly one out of four U.S. consumers, who are delinquent on telecom services, such landline or cell phone, cable, and internet, have discovered the collection activity listed on their credit reports. While the telecom collections item on a consumer’s credit record will not help their personal credit score, the change in score before and after…
Another Trump appointed Devos-like moron is under consideration to run the Consumer Financial Protection Bureau (CFPB). Kathy Kraninger knows nuttin about protecting consumers in the financial marketplace. Illegally appointed Mick Mulvaney, interim CFPB director, tried to wreck the CFPB by: • announcing its intention to reconsider and delay its payday lending rule. • dropping its…
Last month the Federal Trade Commission (FTC) nailed a telemarketing scam, two phony debt scams, and extracted (and sending) consumers refunds from a fake property rental scam, phony debt collector and a deceptive ride-hailing service. Consumers lost at least $3 million in a telemarketing scheme from consumers who sought help with paying personal expenses, such…
The top five types of complaints reported by U.S. consumers to the Consumer Financial Protection Bureau (CFPB) include: debt collection, mortgages, credit reporting, credit cards, and bank accounts or services. The CFPB has handled more than 1 million complaints since 2011 from all 50 U.S. states and D.C. Here is the Top 5: 1. Debt…
The Consumer Financial Protection Bureau (CFPB) has received over 1,218,600 complaints as of June 1st. Debt collection and mortgage-related complaints account for 50% of the roughly 1.2 million complaints the Bureau has received. Though the Bureau only began accepting debt collection complaints in July 2013, debt collection has been the most complained about product or…
If you have a two-year old debt with the IRS you might be getting a letter from the IRS about your account being transferred to a private debt collector. This new program only applies to taxpayers who have had an IRS debt for years and who were previously contacted about it by the IRS. Here’s…
Legislation on the House floor this week is squarely aimed to cripple the Consumer Financial Protection Bureau (CFPB ). The legislation would place service members, veterans and their families in “financial harm’s way,” thereby threatening unit preparedness. The bill, HR 10, the so-called Financial Choice Act, but more aptly called the “Wrong Choice Act,” rolls…
Canucks are getting a new bag of tools to help when the fall into the pit of debt despair. Bankruptcy Canada all kinds of new information and resources for Canadian debtors trapped in debt. The new resources include informative videos, easy to understand infographics, slideshare presentations on key bankruptcy and consumer proposal topics, quizzes for…
