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New Federal Oversight Coming for Debt Collectors

By Bill Fay | October 25, 2012

The Consumer Financial Protection Bureau (CEPB) continues to flex its administrative muscles. Beginning in January, the year-old federal agency created in the wake of the recent financial crisis will begin…


Consumer Debt an Issue in 2012 U.S. Presidential Campaign

By Bill Fay | October 10, 2012

Consumer debt is quickly becoming one of the biggest issues in the 2012 presidential election. While standard concerns such as national defense, immigration and abortion continue to get their fair…


Why Democrats and Republicans Are Both to Blame for National Debt

By Bill Fay | October 1, 2012

Since the Great Depression, Democrats and Republicans have defined themselves as the new version of Santa Claus. Saint Nick brings wonderful things to children for free. There’s no cost. When…

3D Render of puzzle like U.S model with weight on top labeled "DEBT"

Learn About the National Debt

By Bill Fay | September 27, 2012

When a government or organization spends more money than it has available, a deficit is created. In some cases, a government may borrow money to fill the deficit. This borrowing…

us cost of iraq war

War Debt: America’s Cost of Going to War

By Katherine Pilnick | September 26, 2012

Wars throughout history have racked up debts for the countries involved. In the United States, conflicts tend to lead to the rise of both debt and taxes as the government…

Credit Cards in Wallet

Consumer Protection Group Earns Victory Amid Legal Challenges

By Bill Fay | September 25, 2012

A new federal agency aimed at enforcing consumer finance laws tangled with its second high-profile target since opening its doors less than two years ago.   The Consumer Financial Protection…

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Consumer Debt in Michigan

By Bill Fay | September 20, 2012

Michigan residents have some serious underlying issues when it comes to their finances. Problem areas are not necessarily apparent on first glance, since Michiganders manage to keep debt levels lower…


Matching District Attorneys, Bad-Check Collectors Is Bad Policy

By Bill Fay | September 17, 2012

A relationship between debt collectors and district attorneys that allows for the use of D.A. letterhead in the collections process shouldn’t be considered sound policy. It’s just too cozy.

Photo of Richmond, Virginia, USA downtown skyline on the James River

Consumer Debt in Virginia

By Bill Fay | September 12, 2012

Virginians might be forgiven for being in debt. The most famous Virginian of them all set a bad example. Thomas Jefferson not only wrote the Declaration of Independence, he had…

Panoramic photo of New Jersey skylines taken from other side of river

Consumer Debt in New Jersey

By Bill Fay | September 12, 2012

New Jersey residents carry significantly higher amounts of debt than the average American. Most residents can handle large debts, thanks to above-average salaries and an unemployment rate that dipped to…