Category:
Government

Piggy bank and money on American flag

Key Figures Behind America’s Consumer Debt

By Bill Fay | January 17, 2019

Americans are drowning in debt. Before the recession, we were merely treading water in dangerous seas. But once the economy turned ugly, jobs went away and nest eggs cracked, those…

Homeless women laying down showing poverty in the United States

Poverty in the United States

By Bill Fay | October 31, 2018

Poverty is a pervasive human condition of being unable to obtain or provide a standard level of food, water and/or shelter. It exists in every country in varying degrees, and…

Texas Desert Background

Consumer Debt in Texas

By Bill Fay | October 19, 2016

Choose Your Debt Amount Consolidate Debt in Minutes AVERAGE CREDIT CARD DEBT $0 AVERAGE FICO CREDIT SCORE 0 AVERAGE STUDENT LOAN DEBT $0 Where Texas Debt Ranks The Texas economy…

State of California Beach Background

Consumer Debt in California

By Bill Fay | October 19, 2016

Choose Your Debt Amount Consolidate Debt in Minutes AVERAGE CREDIT CARD DEBT $0 AVERAGE FICO CREDIT SCORE 0 AVERAGE STUDENT LOAN DEBT $0 Unemployment & Foreclosure California has come a…

CFPB changes rules regarding payday loans

Payday Loans Face Tough Rule Changes from CFPB

By Bill Fay | June 9, 2016

The Consumer Financial Protection Bureau has proposed new rules aimed at putting more responsibility on payday loan lenders and their crippling triple-digit interest rates. The CFPB proposals would require lenders…

Auto Sales Slow Because of New Legislation

New Legislation May Slow Record-Breaking Car Sales

By Bill Fay | November 25, 2015

Analysts predict record-setting sales for the automobile industry over the next year, though feuding between government leaders over whether discrimination exists in car financing could slow things down. WardsAuto Dealer…

Student Cap on Money

Borrowers Get Another Way To Repay Student Loan Debt

By Bill Fay | October 29, 2015

The U.S. Department of Education (DOE) announced it was imposing regulations to prevent colleges from steering students to specific debit and prepaid cards for use with federal grant and loan…

Debt is Due Now On Paper

CFPB Orders Debt Collection Agencies To Refund Millions

By Bill Fay | September 10, 2015

The 77 million Americans pursued and often harassed by debt collection agencies won a moment of relief when the Consumer Financial Protection Bureau (CFPB) ordered the nation’s two largest debt…

scam

Alleged Student Loan Debt Scams Face Lawsuits

By Bill Fay | July 24, 2014

Another round of alarms sounded in the trillion-dollar student loan crisis when the Illinois Attorney General accused two student loan debt settlement firms of scamming borrowers. Illinois Attorney General Lisa…

CashCall mortgage information

CFPB Files Lawsuit Against CashCall for Illegal Online Loan Servicing

By Bill Fay | December 19, 2013

The Consumer Financial Protection Bureau (CFPB) sounded the alarm about online loan services, filing a lawsuit against CashCall Inc., for collecting exorbitant amounts of money the bureau says consumers didn’t…